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    Residential Rental Portfolio Title is generated by Realmo AI

    147 E Herndon Street, Shreveport, LA 71101

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    For Sale
    $59,000

    MULTI_FAMILY - Shreveport, LA

    Lot size:
    0.16 Acres
    Added:
    Jun 29, 2026
    Days on Market:
    10
    Last Refresh:
    Jul 8 at 1:06 am

    Property Features for 147 E Herndon Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    2
    Standard status
    Active
    APN
    171306007005500
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    LOT 55, BEVERLY HILLS SUB 171306-7-55

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1988
    Floors in Building
    1
    Number of units
    1

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    Lee Nugent

    Listing agent Lee Nugent

    Listing office Pinnacle Realty Advisors Shreveport, LA

    Listing date Jun 29, 2026

    MLS# 21302691 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 50‑unit residential rental portfolio in Shreveport/Bossier City, LA (mostly single‑family rentals) with a mix of occupied, renewed, Section 8, and value‑add vacant units.
    • Rent roll shows approximately $34,905/month current income ($418,860 annualized).
    • Projected stabilized rent is approximately $50,056/month ($600,672 annually) after vacant unit leasing and rent alignment to target levels.
    • Bedroom mix ranges from 1‑bedroom units up to 4‑bedroom homes.
    • Many leases extend into 2026 and 2027.
    • Mostly public sewer (public sewer noted).

    Overview

    Offered as a package sale only, this portfolio totals 49 properties and 50 residential units, consisting mostly of single-family rental homes. The unit mix includes 1- through 4-bedroom configurations, with the current portfolio composition spanning occupied units, renewed leases, Section 8 participation, and value-add vacant units. The seller represents that many leases extend into 2026 and 2027, and that current and future collections depend on leasing, renewals, vacancies, and rent adjustments over time.

    The properties are located in Shreveport Bossier City, Louisiana within Caddo Parish, and the sale is structured to be submitted only as one complete offering. The rent roll provided reflects current rental income of approximately $34,905 per month, or $418,860 annualized, with projected stabilized rent of approximately $50,056 per month, or $600,672 annually, once vacant units are leased and rents move closer to target levels. Estimated 2025 insurance is $24,102.92, and estimated 2025 city and parish taxes total $26,500.16.

    This portfolio is designed for buyers who can evaluate unit-level rent, occupancy, and value-add opportunities tied to leasing vacant inventory and renewing tenants. Financials, rent roll, and property-level details are available to qualified buyers upon request, and buyers must provide proof of funds or lender preapproval before receiving full documentation or scheduling access. The seller does not offer creative financing options and requests that tenants not be disturbed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Electrical Service HVAC Service Furniture & Home Goods Storage Facility Parking Lot & Garage Building Supply Locksmith Grocery & Convenience Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.729393
    Latitude
    32.49606

    FAQs

    What type of property is this?
    Single family property - Package sale includes 50 residential units across mostly single-family rentals with a mix of occupied and vacant inventory.
    Where is this single family property located?
    The property is located at 147 E Herndon Street Shreveport, LA.
    What is the asking price?
    The asking price for this property is $59,000.
    What are key features of this property?
    This property features: 50‑unit residential rental portfolio in Shreveport/Bossier City, LA (mostly single‑family rentals) with a mix of occupied, renewed, Section 8, and value‑add vacant units.; Rent roll shows approximately $34,905/month current income ($418,860 annualized).; Projected stabilized rent is approximately $50,056/month ($600,672 annually) after vacant unit leasing and rent alignment to target levels.
    More about this property
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