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Triplex Portfolio in Historic Spanish Town Neighborhood
639-643 Lakeland Dr Baton Rouge, LA 70802
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Overview
Offering Memorandum https://buildout.com/sharing/triplex-portfolio-in-historic-spanish-town-neighborhood-639-643-lakeland-dr-baton-rouge-la-70802?view_locked_docs=true
Now for sale, 639 and 643 Lakeland Dr are two triplexes located just two blocks from the Louisiana State Capitol, in the historic Spanish Town neighborhood.
The portfolio consists of 6 total units: (5) 1 bedroom. 1 bathroom units and (1) 2 bedrooms, 1 bathroom unit. 1 unit was renovated a year ago, while the others were updated at their initial purchase.
Due to its prime location, there is a significant potential for rental increases.
Just a ±7-minute walk from Capitol Gardens, the State Library of Louisiana, and Capitol Park Museum, the property offers easy access to Downtown Baton Rouge and its surrounding amenities.
• Located in the historic Spanish Town neighborhood
• (5) 1 bedroom. 1 bathroom units and (1) 2 bedrooms, 1 bathroom unit
• Two blocks from the Louisiana State Capitol
• Walking distance from Downtown amenities
Links
For Sale
Multifamily
Secondary Uses: Low Rise
- Sale Price
- $625,000
- Price Per SF
- $625K/SF
- Building Size
- 1 SF
- Acres
- 0.31 ac
- Zoning
- A4
- Number of Buildings
- 2
- Floors
- 1
- Year Built
- 1920
- Construction Siding
- Wood
- Construction Type
- Wood
- Submarket
- 50
- Nearest MSA
- Baton Rouge
- Property Status
- Existing
- In Opportunity Zone
- Yes
- County
- East Baton Rouge Parish
- Created
- 2025-03-24
- Updated
- 2025-03-24
- Listing ID
- 896acb4e
- Parcel APN
- 000-2310-8