Historic-era Garden District Income-Producing Four-Plex! Beautifully maintained and updated, this unique property offers four rental units in a highly desirable location. Tenants love the proximity to LSU, the LSU lakes, BREC Parks & golf course, Government street nightlife & Restaurants. The property includes a two-story front duplex with spacious screened-in porches, a rear one-bedroom unit, and a one-bedroom garage apartment above a two-car carport. A shared driveway provides access to rear parking and the alley. Currently fully leased with a strong rental history. All existing leases will be honored through their entirety. Current rents: 1938 – 2BR/1BA, furnished, $1,680/month including Wi-Fi, leased through 4/30/27; 1936 – 2BR/1BA, $1,400/month, leased through 6/30/27; 1934 – 1BR/1BA efficiency, $700/month, leased through 12/31/26; 1932 – 1BR/1BA, $800/month, leased through 5/31/27. Total current rental income: $4,500/month ($54,000 annually). A fantastic investment opportunity in one of Baton Rouge’s most sought-after historic neighborhoods! Property did not flood & does not require flood insurance. Measurements not warranted by Realtor, Agent, or Broker. Schedule your private showing today!
Multi-familyProperty Type
1950Year Built
4,791 sq ftLot Size
$157Price/Sq.Ft.
4 spacesParking
Listed by Laura Buck Smith• The Market Real Estate Co
Listed by Valerie Desselles• The Market Real Estate Co
Roseland Terrace, located between Government Street and Florida Boulevard, is a residential and historic Baton Rouge neighborhood with mid-century ranch homes and leafy, sidewalk-lined blocks. The neighborhood’s character concentrates around the Government Street corridor near Jefferson Highway, where porch-lit eateries, small galleries, and local bars set an after-work rhythm. Architectural details lean toward low-slung brick facades, deep carports, and generous front lawns that soften the street grid. City Park and the Baton Rouge Gallery add a cultural counterpoint to the everyday calm. The annual Mid City Makers Market at Circa 1857 brings a craft-forward pulse to nearby weekends. A short drive south, the LSU Museum of Art anchors bigger-city programming without changing the neighborhood’s quiet tone.
Provided by Walk Score and Local Logic
Offer insights
1932 - 1938 Oleander St · $469,900
$470K and above
75% chance or better to win
Why $470K+ is a strong offer
DAYS ON MARKET
10 days
The average home goes pending in 32 days.
SALE-TO-LIST
93.7%
Most homes are selling 6% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Fireplaces in Units 1, 2, and 3
Unit 1 is furnished
Solid surface counters
Bedrooms
Units 1 and 3 have two bedrooms each
Units 2 and 4 have one bedroom each
Bathrooms
Each unit has one full bathroom
Kitchen
Eat-in kitchens in Units 1, 2, and 3
Microwave, refrigerator, and electric stove connection
Laundry & utility
Washer and dryer in Unit 1
Washer and dryer hookup in Unit 3
Flooring
Ceramic tile
Wood
Heating & cooling
Natural gas radiant heating
Ceiling fans
Window-unit cooling
Exterior features
Exterior lighting
Landscaped, level grounds
Waterfront
Walk to water
Porch, patio, or deck in each unit
Home design
Quadruplex
Colonial and split-level style
Parking
Garage
On-street parking
Parking varies by unit
Construction
Pillar, post, or pier and slab foundations
Shingle roof
Utilities
Public water
Public sewer
Cable available
Financial info
Four units, all occupied
Unit 1 rents for $1,680
Unit 2 rents for $750
Unit 3 rents for $1,400
Unit 4 rents for $800
Tenants pay electricity, sewer, trash collection, and water
Electricity and solar
View estimated energy costs and solar savings for this home
Historic-era Garden District Income-Producing Four-Plex! Beautifully maintained and updated, this unique property offers four rental units in a highly desirable location. Tenants love the proximity to LSU, the LSU lakes, BREC Parks & golf course, Government street nightlife & Restaurants. The property includes a two-story front duplex with spacious screened-in porches, a rear one-bedroom unit, and a one-bedroom garage apartment above a two-car carport. A shared driveway provides access to rear parking and the alley. Currently fully leased with a strong rental history. All existing leases will be honored through their entirety. Current rents: 1938 – 2BR/1BA, furnished, $1,680/month including Wi-Fi, leased through 4/30/27; 1936 – 2BR/1BA, $1,400/month, leased through 6/30/27; 1934 – 1BR/1BA efficiency, $700/month, leased through 12/31/26; 1932 – 1BR/1BA, $800/month, leased through 5/31/27. Total current rental income: $4,500/month ($54,000 annually). A fantastic investment opportunity in one of Baton Rouge’s most sought-after historic neighborhoods! Property did not flood & does not require flood insurance. Measurements not warranted by Realtor, Agent, or Broker. Schedule your private showing today!
AcadianaMLS #BR2026015713
Sep 8, 2026
Relisted
—
Sep 3, 2026
Pending
—
Aug 25, 2026
Listed
$469,900
$157/sq ft
+33
Historic-era Garden District Income-Producing Four-Plex! Beautifully maintained and updated, this unique property offers four rental units in a highly desirable location. Tenants love the proximity to LSU, the LSU lakes, BREC Parks & golf course, Government street nightlife & Restaurants. The property includes a two-story front duplex with spacious screened-in porches, a rear one-bedroom unit, and a one-bedroom garage apartment above a two-car carport. A shared driveway provides access to rear parking and the alley. Currently fully leased with a strong rental history. All existing leases will be honored through their entirety. Current rents: 1938 - 2BR/1BA, furnished, $1,680/month including Wi-Fi, leased through 4/30/27; 1936 - 2BR/1BA, $1,400/month, leased through 6/30/27; 1934 - 1BR/1BA efficiency, $700/month, leased through 12/31/26; 1932 - 1BR/1BA, $800/month, leased through 5/31/27. Total current rental income: $4,500/month ($54,000 annually). A fantastic investment opportunity in one of Baton Rouge's most sought-after historic neighborhoods! Property did not flood & does not require flood insurance. Measurements not warranted by Realtor, Agent, or Broker. Schedule your private showing today!
APPFOLIO #5
Apr 13, 2026
Rental Removed
$1,600
$1/sq ft
Apr 9, 2026
Listed for Rent
$1,600
$1/sq ft
APPFOLIO #4
Mar 19, 2026
Rental Removed
$1,600
$1/sq ft
Mar 13, 2026
Listed for Rent
$1,600
$1/sq ft
APPFOLIO #3
Apr 8, 2026
Rental Removed
$1,600
$1/sq ft
Mar 19, 2026
Listed for Rent
$1,600
$1/sq ft
Mar 13, 2026
Rental Removed
$1,600
$1/sq ft
Jan 29, 2026
Price Changed
$1,600
$1/sq ft
Jan 10, 2026
Listed for Rent
$1,800
$1/sq ft
APPFOLIO #2
Jan 5, 2026
Rental Removed
$700
$0/sq ft
Dec 4, 2025
Listed for Rent
$700
$0/sq ft
APPFOLIO #1
Sep 11, 2024
Rental Removed
$750
$0/sq ft
Aug 7, 2024
Listed for Rent
$750
$0/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
East Baton Rouge Parish
APN
—
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Aug 23, 2024.
A2
OLD TOWN REDEVELOPMENT
Single Family Residential Disrtict
The purpose of A2 is to permit low density single family residential development with a maximum of 5.8 units per acre. Accessory uses normally compatible with surrounding low density residential development may be permitted.
Zone overlays
Old Town Redevelopment Overlay District
Permitted uses
Include but are not limited to:
Housing-Single unit
Infrastructure
Public service
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 108° expected this year, 20 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Baton Rouge, LA • 70806
Average low and high temperatures (°F)
61
42
72
51
78
57
83
64
85
69
92
75
93
77
92
76
91
72
83
64
76
57
67
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
74/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.8 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1932 - 1938 Oleander St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $335,000 and $460,000.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $335K to $460K.