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113 Beds
64 Baths
38,000 sqft

$5,250,000

5750 FLORIDA Boulevard, Baton Rouge LA, 70806

Price per sqft$138.16
Built in1978
Property size38,000 sqft
Property typeCondominium
Courtesy of Mason McCullough with Bridgewater Realty Advisors, LLC

Overview

Active

Listed May 13, 2026

Updated 2 days ago

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.

$34,928/mo

Est. mortgage payment based on a $5,250,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2558044

Interior Features

Bedrooms
113
Bathrooms
64
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
2.76 Acres
MLS provider logo

Listing Contact: (504) 298-8631 

Based on information from the Gulf South Real Estate Information Network as of 9/21/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 7:07 PM UTC, 9/21/2026

 

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