Developer's Dream Near LSU - Income Now, Expansion Potential for the Future Unlock the possibilities with this exceptional Baton Rouge investment opportunity featuring two income-producing duplexes plus two additional lots in a rapidly growing corridor just minutes from Louisiana State University. Located at 204-206 E. State Street and 226 A&B State Street, 240 E State Street (lot) and a parcel in between properties, this rare multi-property package offers the perfect blend of immediate cash flow and outstanding redevelopment potential. Fully occupied and generating steady rental income, these well-maintained duplexes showcase timeless architectural charm with desirable features including 9-foot ceilings, hardwood floors, newer roofs, and individually metered utilities for streamlined management and tenant convenience. The prime location near LSU ensures continued rental demand and long-term investment stability. What truly sets this portfolio apart is the incredible opportunity for new construction and multi-unit development. The additional lots create a unique canvas for developers/investors looking to expand, build additional units, increase density, or capitalize on the area's ongoing growth and housing demand. This multi-property package is ideal for investors seeking stable cash flow, proximity to LSU, and long-term appreciation potential in the growing Baton Rouge market. All information is believed to be accurate but not guaranteed and should be independently verified by purchaser. Measurements, occupancy status, zoning, lot dimensions, and investment projections are approximate and subject to buyer verification.
Multi-familyProperty Type
4,791 sq ftLot Size
$245Price/Sq.Ft.
4 spacesParking
Listed by Perry Musgrow• Bridgewater Realty Advisors
Lsu, located between Highland Road and Nicholson Drive, is a collegiate and river-adjacent Baton Rouge neighborhood with live-oak canopies and game-day energy. The neighborhood’s character concentrates around the Nicholson Drive corridor by Tiger Stadium, where tailgate lots, campus landmarks, and late-night bites set the pace. Louisiana State University, Tiger Stadium, and the LSU Museum of Art act as cultural anchors alongside a steady calendar of lectures, exhibits, and performances. Streets mix mid-century ranch homes, student-oriented apartments, and newer infill near campus edges. The Mississippi River levee and nearby lakes shape daily routes for walking and cycling. Coffee counters, casual patios, and small galleries keep the scene active beyond football weekends.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
High ceilings
Individual electric meters
Bathrooms
4 full bathrooms
Kitchen
Gas cooktop
Refrigerator
Flooring
Wood flooring
Heating & cooling
Wall furnace heating
Heat units
Window air conditioning units
AC units
Exterior features
Porch
Home design
Duplex
4 individual units noted
Parking
Parking lot with space for 4 vehicles
Construction
Frame construction
Utilities
Individual meter
Electricity and solar
View estimated energy costs and solar savings for this home
Developer’s Dream Near LSU – Income Now, Expansion Potential for the Future Unlock the possibilities with this exceptional Baton Rouge investment opportunity featuring two income-producing duplexes plus two additional lots in a rapidly growing corridor just minutes from Louisiana State University. Located at 204-206 E. State Street and 226 A & B State Street, 240 E State Street (lot) and a parcel in between properties, this rare multi-property package offers the perfect blend of immediate cash flow and outstanding redevelopment potential. Fully occupied and generating steady rental income, these well-maintained duplexes showcase timeless architectural charm with desirable features including 9-foot ceilings, hardwood floors, newer roofs, and individually metered utilities for streamlined management and tenant convenience. The prime location near LSU ensures continued rental demand and long-term investment stability. What truly sets this portfolio apart is the incredible opportunity for new construction and multi-unit development. The additional lots create a unique canvas for developers/investors looking to expand, build additional units, increase density, or capitalize on the area’s ongoing growth and housing demand. This multi-property package is ideal for investors seeking stable cash flow, proximity to LSU, and long-term appreciation potential in the growing Baton Rouge market. All information is believed to be accurate but not guaranteed and should be independently verified by purchaser. Measurements, occupancy status, zoning, lot dimensions, and investment projections are approximate and subject to buyer verification.
AcadianaMLS #BR2026009211
Jul 6, 2026
Pending
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May 14, 2026
Listed
$350,000
$245/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 (2-4 Unit)
County
East Baton Rouge Parish
APN
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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 May 19, 2026.
A4
OLD TOWN REDEVELOPMENT
DESIGN OVERLAY NORTH GATE
General Residential District
The purpose of A4 is to permit high density multi-family developments with a maximum of 43.6 units per acre and must be located within an Urban/Walkable Character Area or in Regional and Employment Centers.
Zone overlays
Old Town Redevelopment Overlay District
Design Overlay - North Gate District
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
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, 21 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 • 70802
Average low and high temperatures (°F)
60
43
71
52
77
58
81
65
84
69
91
76
92
77
92
76
89
74
84
65
75
58
66
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 204 E State St #2
We cannot show automated home-value estimates for this home.
Nearby homes have recently listed between $235,000 and $345,000.
Nearby comparable homes
The Redfin Estimate uses 4 recent nearby sales, priced between $235K to $345K.