Multifamily Housing - For Sale
505 University Walk Baton Rouge, LA 70802
Details & Description
Price: $1,150,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.230
  • Building Sq Ft 8,540
  • Building Price per Sq Ft $134.66
  • Land Sq Ft 10,018
  • Land Price per Sq Ft $114.79
DescriptionThis quiet, downtown apartment complex sits just a few blocks from the State Capitol building in the historic Spanish Town neighborhood. The 10-unit building totals 8,540 square feet and is two stories. Eight of the units are 2 bed / 1 bath, and two units are 1 bed / 1 bath.Street parking is available along University Walk and N 5th Street, but the property also contains a small parking lot with ±10 spaces.The building is configured so that all units open to the interior of the property around the central courtyard. The property is fenced and gated and could easily be upgraded for secure entry.The grounds are beautifully landscaped both to enhance the appearance of the complex, but also to add to its privacy. While on the property, the configuration and landscaping combine to bring down noise levels and create a tranquil atmosphere.Spanish Town, established in 1805 as Baton Rouge's oldest neighborhood, reflects the colorful, changing heritage and development of Louisiana's capital. Created in 1974 by residents in order to develop, preserve, and protect the "unique character" of Spanish Town, the HSTCA has been in continuous existence, perpetuating the pulse of the neighborhood. In 1978 the HSTCA had the neighborhood designated as the "Spanish Town Historic District" and recognized on the U.S. Department of the Interior's National Register of Historic Places. In 2008 the HSTCA obtained designation as the "Spanish Town Local Historical District" along with Design Guidelines to maintain, preserve, and enhance the architectural character of the neighborhood.Highlights10 Units | 8,540 SF(8) 2 Bed / 1 Bath - (2) 1 Bed / 1 Bath100% OccupiedBeautiful, quiet complex in Historic Spanish Town
Listing Agents
Mark Segalla

O: 225-659-8656
M: 225-505-4349
msegalla@elifinrealty.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

505 University Walk

Baton Rouge, LA 70802

Listing ID: 203820
$1,150,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.230
  • Building Sq Ft 8,540
  • Building Price per Sq Ft $134.66
  • Land Sq Ft 10,018
  • Land Price per Sq Ft $114.79
505 University Walk Baton Rouge, LA 70802 | for Sale | Photo 1
Description

Description

This quiet, downtown apartment complex sits just a few blocks from the State Capitol building in the historic Spanish Town neighborhood. The 10-unit building totals 8,540 square feet and is two stories. Eight of the units are 2 bed / 1 bath, and two units are 1 bed / 1 bath.

Street parking is available along University Walk and N 5th Street, but the property also contains a small parking lot with ±10 spaces.

The building is configured so that all units open to the interior of the property around the central courtyard. The property is fenced and gated and could easily be upgraded for secure entry.

The grounds are beautifully landscaped both to enhance the appearance of the complex, but also to add to its privacy. While on the property, the configuration and landscaping combine to bring down noise levels and create a tranquil atmosphere.

Spanish Town, established in 1805 as Baton Rouge's oldest neighborhood, reflects the colorful, changing heritage and development of Louisiana's capital. Created in 1974 by residents in order to develop, preserve, and protect the "unique character" of Spanish Town, the HSTCA has been in continuous existence, perpetuating the pulse of the neighborhood. In 1978 the HSTCA had the neighborhood designated as the "Spanish Town Historic District" and recognized on the U.S. Department of the Interior's National Register of Historic Places. In 2008 the HSTCA obtained designation as the "Spanish Town Local Historical District" along with Design Guidelines to maintain, preserve, and enhance the architectural character of the neighborhood.

Highlights

10 Units | 8,540 SF

(8) 2 Bed / 1 Bath - (2) 1 Bed / 1 Bath

100% Occupied

Beautiful, quiet complex in Historic Spanish Town

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Baton Rouge History of Multifamily Housing for Sale

Loan and Amortization Calculator

Listing Price
Down Payment

Loan Amount:
Interest Rate:
Term (months):

Your Monthly Payment

$0.00

Total Principal: --

Total Interest: --

Total Cost: --

Baton Rouge Area Market Trends

Listing Demographics for 505 University Walk Baton Rouge, LA 70802

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population5,62060,216142,649
Population Median Age393735
Population by Age0-9 Yrs582 (10%)6259 (10%)16644 (11%)
10-19 Yrs413 (7%)8153 (13%)21125 (14%)
20-29 Yrs1181 (21%)12763 (21%)33284 (23%)
30-39 Yrs912 (16%)7942 (13%)17662 (12%)
40-49 Yrs628 (11%)6111 (10%)13483 (9%)
50-59 Yrs589 (10%)7034 (11%)15025 (10%)
60-69 Yrs840 (14%)6971 (11%)14104 (9%)
70+ Yrs476 (8%)4983 (8%)11323 (7%)
Median HH Income$29,485$36,761$36,372
Total Household Income< 24K1269 (45%)8827 (37%)20130 (37%)
25-49K560 (19%)5165 (22%)12158 (22%)
50-74K363 (12%)3459 (14%)7513 (13%)
75-99K252 (8%)1905 (8%)4009 (7%)
100-199K277 (9%)2897 (12%)7121 (13%)
200K+95 (3%)1043 (4%)2802 (5%)
Highest Education LevelNo Diploma721629112942
Diploma or GED10091119723709
Some College832747716888
Assoc. Degree25317153384
Bachelors Degree731709915548
Higher Degree554451011424
Total Housing Units3,48629,51567,849
--Owner-Occupied75811,04023,173
--Renter-Occupied2,05812,25630,560
Owner-Occupied Values< 100K25243567827
100-199K22525405703
200-299K16720204157
300-399K719592097
400-499K103931149
500K+327732239
Total Working Age Population4,85550,704117,418
In Work Force2,99331,67672,981
Not In Work Force1,86119,02844,437
Workforce Employed2,65627,83665,257
Workforce Unemployed3333,8137,615
Civlian Workforce2,98931,64972,872
Military Workforce427108
Total Households2,81623,29653,733
Family Households79211,30926,724
Non-Family Households2,02411,98727,009
Married Couple4075,62713,987
Other Family3855,68112,737
Married w/Child681,6344,689
Single Male w/Child34264778
Single Female w/Child1772,0615,299

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Louisiana4,468,976+14,533,372+14,588,310+54,813,420
East Baton Rouge Parish412,852+7440,171-3426,380-1421,500
Iberville Parish33,320033,387-1727,830-1124,640
St. Martin Parish48,583+752,160+655,520+357,000
West Baton Rouge Parish21,601+1023,788-722,220-521,070

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Other Multifamily Housing Listings for Sale Nearby
Address Price Sq Ft Acres
2605 Rittiner Drive, Baton Rouge, LA $429,000 3682 0.18
1025 Rittiner Drive, Baton Rouge, LA $449,000 3600 0.35
2666 Balis Drive, Baton Rouge, LA $360,000 8500 -
4250 Dodson Avenue, Baton Rouge, LA $3,750,000 43660 0.9
4747 Annette Street, Baton Rouge, LA $599,000 12000 -
5021 McClelland Drive, Baton Rouge, LA $525,000 11400 -
1984 Brightside Drive, Baton Rouge, LA $525,000 4840 -
704 Anselmo Ln, Baton Rouge, LA $3,920,000 82880 -
6680 Hanks Drive, Baton Rouge, LA $550,000 12000 -
1188 Rosenwald Road, Baton Rouge, LA $1,080,000 25200 -
Closest Commercial Airports
Airport Distance (mi)
Lafayette Regional Airport (LFT) 51
Louis Armstrong New Orleans International Airport (MSY) 64
Gulfport Biloxi International Airport (GPT) 126
Listing Agent
More listings from Mark Segalla
Featured Local Vendors
• SUPPORT OUR FREE PLATFORM •
The below vendors allow us to provide our platform at no cost. Please consider their services when needed.
• Appraisal Company •
AmeriMac logo
Proper valuation for buying or selling
• Dumpster Service •
Dumpster Rental Dogs  logo
Dumpsters delivered to your door!
• Custom Radius Reports •
Cubit logo
Get the data you need. Click here
• Digital Media Services •
• Port-a-Potty •
Porta Potty Dogs  logo
Sometimes you just need to go....
• Commercial Surveying •
• Signage •
Parvin-Clauss Sign Company logo
Click here to make a statement!

Share