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5750 Florida Boulevard, 
Baton Rouge, LA 70806

$5,800,000

—

Bed

—

Bath

38,000

Sq Ft

Multi-Family

Active

Listed by

Mason Mccullough

, 

Cameron Griffin

Bridgewater Realty Advisors, LLC.

504-901-0463

Last updated:

May 18, 2026, 02:52 PM

MLS#

NO2558044

Source:

LA RAAMLS

About This Home

5750 Florida Boulevard

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.

Home Facts

Multi-Family

Price Summary

5,800,000

$152 per Sq. Ft.

MLS #:

NO2558044

Last Updated:

May 18, 2026, 02:52 PM

Added:

7 day(s) ago

Structure

Structure

Building Area:

38,000 Sq. Ft.

Lot

Lot Size (Sq. Ft):

119,790

Finances & Disclosures

Finances

Price:

$5,800,000

Price per Sq. Ft:

$152 per Sq. Ft.

Source:LA RAAMLS
The information being provided by REALTOR® Association Of Acadiana Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 REALTOR® Association Of Acadiana Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.