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    The Largest CRE Database in the US with Over 1 Million Listings

    400 Washington St Shreveport, LA 71104

    Sponsored
    For Sale
    $205,000

    Triplex - Shreveport, LA

    Type:Triplex
    Lot size:
    0.13 Acres
    Days on Market:
    16
    Last Refresh:
    Feb 4 at 1:06 am

    Property Features for 400 Washington St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    APN
    171307043005800
    Parking
    1
    Parking features
    Garage
    Interior features
    Built-in Features, Cable Tv Available, Pantry, Walk-in Closet(s)
    Exterior features
    Courtyard, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Range, Range - Gas, Washer
    Lot size
    0.13 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Fireplace(s), Fireplace Insert, Space Heater
    Cooling system
    Central Air, Multi Units, Window Unit(s)

    Building Details

    Year built
    1940
    Floors in Building
    1
    Flooring type
    Linoleum, Wood
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Robin Ramsey
    Robin Ramsey

    Spartan Realty (318) 742-5357

    Listing agent Robin Ramsey (318) 742-5357 License #0000073432

    Listing date Jan 20, 2026

    MLS# 21150050 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.

    Learn more

    Property Insight Report

    Overview

    Shreveport Triplex with Income Potential

    This property features two active income units and one gutted unit currently used for storage. The main house, remodeled in 2022 and fully furnished, includes 3 bedrooms, 1 bath, and a utility room. All systems have been upgraded. Furnishings are negotiable. The back unit is a 2-story garage apartment. The top floor is a 750 sq ft apartment that was leased long-term for $600.00 until 2023, then used as an Airbnb for a year, generating approximately $1200 per month. In 2024, it was occupied by the owner's son, with no rent charged. The first floor of the garage apartment has been gutted and used for storage. It includes a roll garage door and houses 1 vehicle, with entrance off of Wilkinson St. All units have private entrances on different streets. The downstairs unit requires complete build-out and is being sold as-is with no repairs. Foundation work has not been done on the 2-story unit but is likely needed. The upstairs unit was remodeled in 2006, but the electrical has not been updated on the 2nd structure. Original hardwood floors are present in the main and upstairs units. The Airbnb listing is named Purple Passion on Washington. Both the home and 2-story unit are LSU purple. There is private parking behind the main house with a gate and fence, or a courtyard. The apartment has street parking. The property is legally under 400 Washington, but an address was created for mailbox purposes on the apartment, which is 2700 Gilbert. The lot size is 0.125 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Roger Christian Realty Real Estate Agency TeleSynergy Group LLC Telecommunications Service Cityscape Landscaping

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.737568
    Latitude
    32.485128

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    FAQs

    What type of property is this?
    Triplex - Triplex featuring two income-producing units and one storage unit.
    Where is this triplex located?
    The property is located at 400 Washington St Shreveport, LA.
    What is the asking price?
    The asking price for this property is $205,000.
    What are key features of this property?
    This property features: - Property offers **two active income-producing units**: a remodeled, fully furnished 3-bedroom main house and a 750 sq ft garage apartment.; - Main house remodeled in 2022 with upgraded systems and original hardwood floors.; - Two-story garage apartment offers potential for rental income (previously $1200/month as Airbnb).
    (318) 742-5357
    Request Owner's contact information
    400 Washington St Shreveport, LA 71104
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    400 Washington St
    Shreveport, LA 71104
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 Washington St Shreveport, LA 71104
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    We can help!
    Listing Contact
    Robin Ramsey
    Robin Ramsey
    Real Estate License ID: 0000073432
    (318) 742-5357
    Learn more
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