5750 FLORIDA Boulevard, Baton Rouge, LA 70806
New Listing
$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:
5/13/2026
Last Modified:
5/13/2026
Overview
Description
Listing Details MLS# NO2558044
Listing Info
- Delayed Marketing
- No
- Listing Price
- 5800000
- List Price/SqFt
- 152.63
- Modification Timestamp
- 2026-05-13T23:49:31Z
- Photo Modified
- 2026-05-13T23:48:40Z
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
General Property Description
- Number of Units
- 64
- Stories
- 2
- SqFt - Total
- 38000
- SqFt - Source
- Public Record
- Individual Metered?
- Yes
- Lot Dimensions
- 2.75 ac
- Acres
- 2.75
Currently Not Used
- Acreage Range
- 1 - 2.99
Originating Details
- Originating System ID
- ROAMM
- Originating System Key
- 58125774
- Originating System Listing ID
- 2558044
- Originating System Name
- ROAM Matrix
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
More Information
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
Parking
- Parking Lot
- Yes
Construction
- Block
- Yes
- Brick
- Yes
Foundation
- Slab
- Yes
Heating
- Central
- Yes
Cooling
- Central Air
- Yes
Owner Pays
- Water
- Yes
Tenant Pays
- Electric
- Yes
Property Features
Parking:
Parking Lot
Construction:
Block; Brick
Foundation:
Slab
Heating:
Central
Cooling:
Central Air
Owner Pays:
Water
Tenant Pays:
Electric
IDX
Listing Office:
Bridgewater Realty Advisors, LLC
Last Updated: May - 13 - 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.