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5665 McClelland Dr
Baton Rouge, LA 70805
REO Sale | The Palms Apartments · Multifamily Property For Sale · 74 Units

INVESTMENT HIGHLIGHTS

  • Prime 75-unit apartment property comprising six buildings with an on-site laundry facility and an attractive courtyard over 2.72 acres in Baton Rouge.
  • Sought-after value-add opportunity nearing stabilization with premium upside through lease-ups at lucrative multifamily submarket rental rates.
  • Incredibly located only 12 minutes from downtown, close to popular amenities such as Walmart, Aldi, Dollar General, McDonald’s, and more.
  • Beneficially encircled by a dense population with an annual spending power of nearly $1.2 billion and a daytime employment of over 101,000 employees.

PROPERTY FACTS

Sale Condition Auction Sale
Type of Ownership Fee Simple
No. Units 74
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 2.72 AC
Building Size 55,737 SF
Average Occupancy 64%
No. Stories 2
Year Built 1970
Parking Ratio 1.79/1,000 SF
Zoning B1
Parcel Number 00413623

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Wheelchair Accessible (Rooms)

SITE AMENITIES

  • 24 Hour Access
  • Courtyard
  • Laundry Facilities
  • Smoke Free
  • Maintenance on site
  • Listing ID: 35749088

  • Date on Market: 5/5/2025

  • Last Updated:

  • Address: 5665 McClelland Dr, Baton Rouge, LA 70805

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