50-Unit Multifamily Complex with Below Market Rents

5515-5523 Prescott Rd, Baton Rouge, LA 70805

Property Information

  • For Sale $1,300,000
  • Property Type Multi-Family
  • Property Size 22,850 SF
  • Units 50
  • Building Class B
  • Date Updated May 6, 2026

Description

-The Place d’Charles apartment complex comprises 50 (1) bedroom, (1) bathroom units across 2 buildings. Several rents are below market rate, presenting an immediate opportunity to increase rental rates. Operating at market rates, the pro forma yields a NOI of $180,600. The complex is equipped with on-site laundry facilities and a large off-street parking lot. Strategically located to generate consistent tenant demand, the property is located just 1 minute from Airline Hwy and 4-8 minutes from I-110 and I-10. This property is available for purchase individually or as part of a 160+ unit portfolio. Contact broker for more information.

Contacts

Mark Segalla

JRE Brokerage

Location

Located at 5515-5523 Prescott Rd, Baton Rouge, LA 70805, this property is part of the Kean Place - Brookstown neighborhood and Baton Rouge market.

  • 31/100 Car-Dependent
  • 40/100 Somewhat Bikeable
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Contact Listing Broker
Mark Segalla

JRE Brokerage

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