4707 TIGERLAND AVE
Two-building, 32-unit multifamily complex in Baton Rouge, Louisiana, offered at $499,900. The asset comprises 24 two-bedroom, one-bath and 8 one-bedroom, one-bath apartments totaling 34,946 SF on a 1-acre site near Louisiana State University. All units are currently vacant or on month-to-month leases, providing immediate flexibility for comprehensive renovation and repositioning without long-term lease constraints.
Built in 1979 across two stories, the property includes approximately 48 parking spaces across two surface lots. The LSU proximity supports established rental demand from students, faculty, and university employees, positioning the asset as a value-add opportunity. The efficient unit mix, ample parking, and month-to-month occupancy structure enable an investor to execute unit-level and property-wide upgrades, improve the overall asset, and pursue a new lease-up at market rents.
- All units vacant or month-to-month; no long-term lease constraints
- 32 units (24 two-bed/one-bath, 8 one-bed/one-bath)
- Near Louisiana State University; established student and faculty rental demand
- 48 parking spaces across two surface lots
- Value-add repositioning opportunity with flexible occupancy
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This offering includes two apartment buildings totaling 32 units and approximately 34,946 SF on a 1-acre site in Baton Rouge. The property features a unit mix of 24 two-bedroom, one-bath apartments and 8 one-bedroom, one-bath apartments, along with two surface parking areas providing approximately 48 spaces. Located near Louisiana State University (LSU), the property benefits from proximity to a significant concentration of students, faculty, employees, and surrounding businesses, supporting established rental demand. With all units either vacant or occupied on a month-to-month basis, the asset provides flexibility for a comprehensive renovation and repositioning strategy without the constraints of long-term leases. An investor can implement unit-level and property-wide upgrades, improve the overall asset, and pursue a new lease-up at market rents. The combination of 32 units, an efficient floor plan mix, ample parking, and repositioning flexibility creates a value-add multifamily opportunity in an established Baton Rouge rental submarket.
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