317 East Drive
$700,000
317 East Dr, Baton Rouge, LA 70806
7,800 sqft
Building Size
0.3 acres
Lot Area
Details:
Description:
This building, located at 317 East Drive, Baton Rouge, LA 70806, is an 8-unit multi-family property situated in the Midcity area. Property Specifications Building Size: Approximately 7,800 SF. Unit Mix: Consists of eight (8) 2-Bedroom / 1.5-Bathroom condo-style units. Lot Size: Sits on a 0.30-acre lot. Zoning: Classified as A2. Parking: Includes a dedicated parking lot for residents. Location & Financial Context Flood Zone: Designated as Zone X, which is protected by a levee. Current Valuation: Listed at a price of $700,000. Market Position: The current market rent rate is estimated at $1,150 per unit. Recent Performance: Over the last 12-month period (Feb 2025 – Jan 2026), the property generated a total operating income of $78,257.34 and maintained a net operating income of $26,841.08.
Mid City is widely considered the "heart and heartbeat" of Baton Rouge, serving as the city's central historic and cultural hub. It is a diverse, roughly one-square-mile district located just east of Downtown that has transitioned from a suburb in the early 20th century to a vibrant urban center today.
The Opportunity: Prime Mid-City Passive IncomeInvest in the heart of Baton Rouge’s most vibrant cultural district with this 8-unit multi-family asset. Located at 317 East Drive, this property offers a rare combination of stability and significant upside potential in the sought-after Mid-City submarket. Baton Rouge.
Documents:
| Title | ||
|---|---|---|
| Offering Memorandum 3.6.26 |
Location
Gallery
