5750 Florida Boulevard
Baton Rouge, LA 70806
113
Bed
64
Bath
38,000Sqft
2.76Acres(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 113Bathroom Information
Full Baths: 64Roofing Information
Flat -
Interior Features
Roof: Flat -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1978Construction Materials: Brick, BlockStories: 2Private Pool: No
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Lot Information
Lot Dimensions: 2.75 ac Main Square Feet: 2.7563 Lot Size Acres: 2.7563 Lot Description: 1 to 5 Acres,City Lot
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Listing Price Information
Listing Price: $5800000
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Tax Information
Parcel Number: 00007145 Tax Lot: T-1-A Tax Legal Desc: WARD: 1-3, SUBDIVISION: CLOUD, HARRY TRACT, LOT: T-1-A. TRACT T-1-A, RESUB. OF TRACT "T" OF THE SUB. OF TRACT C LOT A-3-B, & HARRY CLOUD PROP. IN SEC.82, T7S,R1E(RIVER PINES APT.) 64 UNITS NOTE: ACT READS TRACT T-1-A
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Virtual Tour
Parking Information
Parking Lot
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Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 741 Franklin Street, Baton Rouge, LA, 70806 | $319,000 | 2 | 1 | 1,124 | 1,124 SqFt |
| 198 Alello Drive, Baton Rouge, LA, 70806 | $300,000 | 3 | 3 | 2,195 | 2,195 SqFt |
| 1343 Crescent Dr, Baton Rouge, LA, 70806 | $399,000 | 4 | 3 | 3,000 | 3,000 SqFt |
| 8964 Bayside Ave, Baton Rouge, LA, 70806 | $615,000 | 3 | 3 | 4,823 | 4,823 SqFt |
| 1041 Crescent Dr, Baton Rouge, LA, 70806 | $290,000 | 3 | 2 | 2,082 | 2,082 SqFt |
| 8872 Bayside Ave, Baton Rouge, LA, 70806 | $625,000 | 5 | 4 | 3,262 | 3,262 SqFt |
| 8828 Trudeau Ave, Baton Rouge, LA, 70806 | $330,000 | 4 | 3 | 2,122 | 2,122 SqFt |
| 8865 Trinity Ave, Baton Rouge, LA, 70806 | $359,000 | 4 | 2 | 2,845 | 2,845 SqFt |
| 8833 Bayside Ave, Baton Rouge, LA, 70806 | $315,000 | 4 | 2 | 2,075 | 2,075 SqFt |
| 1456 Tara Blvd, Baton Rouge, LA, 70806 | $298,900 | 4 | 3 | 2,249 | 2,249 SqFt |
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ByOwner last updated this listing 07/28/2026 @ 10:43
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