Multi-Family Residential Rental
For Sale
Under Contract
$80,000
3940 Wallace Avenue, Shreveport, LA 71108
ResidentialIncome, Shreveport, LA
Property SizeContact for details
Lot Size0.27 Acres
Days on Market60
Property Features for 3940 Wallace Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Subdivision
Vernon Anx
Elementary school district
Caddo PSB
Middle school district
Caddo PSB
High school district
Caddo PSB
Directions
USE GPS
Standard status
Active Under Contract
APN
171414082006100
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
LOTS 59 & 60, VERNON ANNEX & 1/2 ADJ. ABDN. A
Legal Description
LOTS 59 & 60, VERNON ANNEX & 1/2 ADJ. ABDN. A
Utilities
Sewer type
Public Sewer
Building Details
Year built
1999
Floors in Building
1
Number of units
1
Listing Agency:
Pinnacle Realty Advisors
(318) 233-1045
Listed By:
Lee Nugent · License #0995695038
(318) 347-3332
Added: Jun 29
Changed: Aug 20
Last Checked: Aug 27 at 8:06PM
MLS# 21302667
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.
Investment Insights
Based on property information with market context.
This listing is for a package sale only: 49 properties comprising 50 total residential units in the Shreveport-Bossier area, offered as one complete portfolio. The mix includes mostly single-family rental homes with occupied units, renewed leases, Section 8 participation, and value-add vacant inventory. Bedroom counts range from 1 to 4 bedrooms, and many leases extend into 2026 and 2027. The provided rent roll indicates current rental income of approximately $34,905 per month (about $418,860 annualized), with projected stabilized rent of approximately $50,056 per month (about $600,672 annually) once vacant units are leased and rents are moved toward target levels.
The portfolio is located at 3940 Wallace Avenue, Shreveport, LA 71108, within Caddo Parish. The seller has requested that individual offers are discouraged, and no creative financing terms are offered. The stated options are cash, DSCR, a portfolio loan, or other verifiable third-party financing.
For buyers, this portfolio is positioned for an operator who can manage both in-place leases and vacant-unit stabilization. The rent roll and due diligence materials are available to qualified buyers upon request, and the seller requires proof of funds or lender preapproval before providing documentation or scheduling property access. Please do not disturb tenants.
The portfolio is located at 3940 Wallace Avenue, Shreveport, LA 71108, within Caddo Parish. The seller has requested that individual offers are discouraged, and no creative financing terms are offered. The stated options are cash, DSCR, a portfolio loan, or other verifiable third-party financing.
For buyers, this portfolio is positioned for an operator who can manage both in-place leases and vacant-unit stabilization. The rent roll and due diligence materials are available to qualified buyers upon request, and the seller requires proof of funds or lender preapproval before providing documentation or scheduling property access. Please do not disturb tenants.
Key Highlights
- 49‑property, 50‑unit residential rental portfolio in Shreveport‑Bossier City, LA (package sale only)
- Current rental income of approximately $34,905/month, or $418,860 annualized, per provided rent roll
- Projected stabilized rent of approximately $50,056/month, or $600,672 annually, after vacant units are leased and rents move toward targets
Property Analytics
Property Profile
Current Use
Lease Details
50
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 71108, LA
17,727
Population
8,341
Households
2.1
Avg Household Size
35
Median Age
7%
College-Educated
78%
High-School Grad
8.5 sq mi
ZIP Area
2,086
Density / Sq Mi
$32,116
Median Household Income
$25,575
Median Earnings
$1,075
Median Rent
$81,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Portfolio sale of 50 residential units across mostly single-family rentals, with a mix of occupied, Section 8, and vacant homes.
Where is this single family property located?
The property is located at 3940 Wallace Avenue Shreveport, LA.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: 49‑property, 50‑unit residential rental portfolio in Shreveport‑Bossier City, LA (package sale only); Current rental income of approximately $34,905/month, or $418,860 annualized, per provided rent roll; Projected stabilized rent of approximately $50,056/month, or $600,672 annually, after vacant units are leased and rents move toward targets
