5750 Florida Boulevard, Baton Rouge, LA 70806

Baton Rouge
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
5750 Florida Boulevard,Baton Rouge, LA 70806
$5,250,000
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  • 113 Beds
  • 64 Baths
  • 38,000 sq. ft.
  • Multi-family
  • Active
Listed by: bryce a danna-marullo, cameron b. griffin
Office: bridgewater realty advisors
MLS#:2558044
Source:ROAM

Price summary

  • Price:$5,250,000
  • Price per sq. ft.:$138.16

About this home

River Pines Apartments is a 64-unit multifamily property located on Florida Blvd in Baton Rouge. The complex features a mix of (15) one-bedroom units and (49) two-bedroom units, offering a balanced unit mix with strong tenant demand strong historical occupancy and reliable cash flow. All major systems are maintained and market rents support further upside through light renovations. With an in place NOI of $335k and an 6.39% cap rate at the asking price, River Pines provides stable yield and low management intensity in a high-demand Baton Rouge submarket to major employers, retail and transit routes. The seller has intentionally kept rental rates low to ensure high occupancy and reduce turnover. When the rents are increased to actual market value, NOI can be boosted to $536,587 or a 10.22% cap rate.

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Home facts

  • Year built:1978
  • Listing ID #:2558044
  • Added:182 day(s) ago
  • Updated:November 12, 2026 at 04:12 PM

Rooms and interior

  • Bedrooms:113
  • Total bathrooms:64
  • Full bathrooms:64
  • Living area:38,000 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Year built:1978
  • Building area:38,000 sq. ft.
  • Lot area:2.76 Acres
  • Construction Materials:Block, Brick
  • Foundation Description:Slab

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,250,000
  • Price per sq. ft.:$138.16

Features and amenities

  • Laundry features:Common Area

Parking

  • Parking description:Parking Lot

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