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 Bedrooms: 113Bathroom Information
Full Baths: 64 Half Baths: 0Water/Sewer
Water Source: Public Sewer: Public Sewer -
Room Information
Total Square Feet Living: 38000 Total Rooms: 0 -
Interior Features
Roof: Flat Cooling Features: Central Air Heating Features: Central
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Building Information
Year Built: 1978 Roof: Flat
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Lot Information
Lot Features: 1 to 5 Acres,City Lot -
Property Information
SQ ft: 38,000 Source Listing Status: Active Property Subtype: Apartment Building Exterior Type: Brick,Block Foundation Details: Slab Property Age: 48 Property Condition: Very Good Condition Levels or Stories: Two
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Listing Price Information
Original List Price: $5,800,000
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Tax Information
Parcel Number: 00007145
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1369 Crescent Dr, Baton Rouge, LA, 70806 | $379,000 | 4 | 3 | 2,832 | 2,832 SqFt |
| 1343 Crescent Dr, Baton Rouge, LA, 70806 | $415,000 | 4 | 3 | 3,000 | 3,000 SqFt |
| 8958 Cottage Dr, Baton Rouge, LA, 70806 | $375,000 | 4 | 3 | 2,501 | 2,501 SqFt |
| 8964 Bayside Ave, Baton Rouge, LA, 70806 | $615,000 | 3 | 3 | 4,823 | 4,823 SqFt |
| 1041 Crescent Dr, Baton Rouge, LA, 70806 | $295,000 | 3 | 2 | 2,082 | 2,082 SqFt |
| 8872 Bayside Ave, Baton Rouge, LA, 70806 | $649,900 | 5 | 4 | 3,262 | 3,262 SqFt |
| 8828 Trudeau Ave, Baton Rouge, LA, 70806 | $339,000 | 4 | 3 | 2,122 | 2,122 SqFt |
| 8865 Trinity Ave, Baton Rouge, LA, 70806 | $380,000 | 4 | 2 | 2,845 | 2,845 SqFt |
| 8852 Bayside Ave, Baton Rouge, LA, 70806 | $450,000 | 4 | 2 | 2,322 | 2,322 SqFt |
| 8737 Wakefield Ave, Baton Rouge, LA, 70806 | $293,000 | 3 | 3 | 2,040 | 2,040 SqFt |
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ByOwner last updated this listing 06/08/2026 @ 06:01
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