Baton Rouge 64 Unit Apartment Complex For Sale

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 estimated NOI of $335K and an 6.39% cap rate at the asking price and Pro Forma Cap Rate at 10.22%, River Pines provides stable yield and low management intensity in a high-demand Baton Rouge submarket close to major employers, retail and transit routes.

• 64 Total Units – (15) 1BD/1BA | (49) 2BD/1BA

• Unit Sizes: 480-622 SF | GBA: ±38,000 SF

• Separately metered electric | Central laundry room
• Stable rent roll with below-market rents offering upside
• Strong historical occupancy | Proven working-class tenant base
• Centrally located near retail, employment and transit corridors
• Cap Rate: 6.39% | NOI: $335k | PRO FORMA CAP RATE: 10.22%
• Laundry Income: ~$3,700/month