5750 FLORIDA Boulevard, Baton Rouge, LA 70806
$5,800,000
Property Type:
MultiFamily
Square Footage:
38,000
Lot Size (sq. ft.):
119,790
Status:
Active
Current Price:
$5,800,000
List Date:
11/04/2025
Last Modified:
1/30/2026
Description
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.
Supplements: ********
More Information MLS# NO2529356
Listing Info
Delayed Marketing: No
List Price/SqFt: 152.63
Document Modified: 2026-01-30 14:16:32.424088
Status: Active
Listing Date: 2025-11-04
Listing Price: 5800000
Current Price: $5,800,000
Modification Timestamp: 2026-01-30T20:16:32Z
Photo Modified: 2026-01-30T20:11:26Z
Location, Tax & Legal Info
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
General Property Description
Lot Dimensions: 2.75 ac
Stories: 2
SqFt - Total: 38000
SqFt - Source: Public Record
Individual Metered?: Yes
Number of Units: 64
Acres: 2.75
Remarks & Misc
Remarks: 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.
Office/Member/Contract Info
List AOR: NOMAR
Currently Not Used
Acreage Range: 1 - 2.99
Parking
Parking Lot: 1
Construction
Block: 1
Brick: 1
Foundation
Slab: 1
Heating
Central: 1
Interior
Handicap Acc: 1
Cooling
Central Air: 1
Owner Pays
Water: 1
Tenant Pays
Electric: 1
Originating Details
Originating System ID: ROAMM
Originating System Key: 52965898
Originating System Listing ID: 2529356
Originating System Name: ROAM Matrix
Location Tax Legal Info
Street Number: 5750
Street Name: FLORIDA Boulevard
Parish: East Baton Rouge
State: LA
Zip Code: 70806
Area: EBR MLS Area 61
Tax Assessment Number: 00007145
Directions: Bounding Streets: S Ardenwood, Cloud
Property Features
Parking: Parking Lot
Construction: Block; Brick
Foundation: Slab
Heating: Central
Cooling: Central Air
Interior: Handicap Acc
Owner Pays: Water
Tenant Pays: Electric
Documents
OM ›
Listing Office:
Bridgewater Realty Advisors, LLC
IDX
Last Updated: January - 30 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.