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
$5,800,000
  • - Beds
  • - Baths
  • 38,000 sq. ft.
  • Multi-family
  • Active
Listed by: mason mccullough, cameron griffin
Office: bridgewater realty advisors, llc.
MLS#:NO2558044
Source:LA_RAAMLS

Price summary

  • Price:$5,800,000
  • Price per sq. ft.:$152.63

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 $423,071 and an 7.29% cap rate at the asking price, River Pines provides stable yield and low management intensity in a high-demand Baton Rouge submarket close 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 $520,426 or a 8.97% cap rate.

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Home facts

  • Listing ID #:NO2558044
  • Added:91 day(s) ago
  • Updated:August 13, 2026 at 03:39 PM

Rooms and interior

  • Living area:38,000 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Heat
  • Central air:Yes

Structure and exterior

  • Building area:38,000 sq. ft.
  • Lot area:2.75 Acres
  • Construction Materials:Block, Brick
  • Foundation Description:Slab
  • Levels:2 Story

Finances and disclosures

  • Price:$5,800,000
  • Price per sq. ft.:$152.63

Parking

  • Parking description:Parking Lot

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