Renovated Two-Story
For Sale
$315,000
136 E Boulevard Street, Shreveport, LA 71104
Updated income property with separate living spaces, newer major systems, and outdoor space serving the upper residence.
Property Size1,720 SF
Days on Market40
Property Features for 136 E Boulevard Street
General Information
Standard status
Active
Size
1,720 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Building Size
1,720 SF
Year Built
1944
Buildings
1
Stories
2
Units
2
Listing Agency:
Pinnacle Realty Advisors
(214) 287-2290
Listed By:
Thomas DuBois · License #0720823
(214) 287-2290
Source:
Cuddrealtyinc
Added: Jul 22
Changed: Aug 29
Last Checked: Aug 30 at 5:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Realty Advisors
Investment Insights
Based on property information with market context.
This two-level duplex at 136 E Boulevard Street includes two distinct residences. The lower unit provides 3 bedrooms and 1 full bath, while the upper unit contains 2 bedrooms and 1 full bath. Both interiors have undergone renovation with contemporary finishes and new refrigerators, microwaves, and stackable washer and dryer sets. The upper residence also includes a deck furnished with a table and chairs.
Major building systems have been updated, with the roof, HVAC systems, and water heaters each less than three years old. The property has maintained ongoing occupancy over the past several years and has generated rental income. Built in 1944, the duplex offers a configuration suitable for separate residential use or an owner-occupant arrangement with a second unit producing income.
Major building systems have been updated, with the roof, HVAC systems, and water heaters each less than three years old. The property has maintained ongoing occupancy over the past several years and has generated rental income. Built in 1944, the duplex offers a configuration suitable for separate residential use or an owner-occupant arrangement with a second unit producing income.
Key Highlights
- Two‑story duplex with 3‑bedroom lower unit and 2‑bedroom upper unit
- Each residence includes 1 full bath
- Renovated interiors with contemporary finishes in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,184
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$283,680
$283.7K
Cap Rate 7%
$202,629
$202.6K
Cap Rate 9%
$157,600
$157.6K
Market Conditions
NOI Build-Up for 1,720 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.7K $12.60/SF
− Vacancy
−$1.4K −$0.82/SF
EGI
$20.3K $11.78/SF
− OpEx
−$6.1K −$3.53/SF
NOI
$14.2K $8.25/SF
Area
Shreveport, LA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$283,680
Cap Rate 7%
$202,629
Cap Rate 9%
$157,600
Alternative Uses
Best Use
Multifamily LT 5
$202.6K
$177.3K – $236.4K
NOI $14,184 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$182.5K
$159.7K – $213.0K
NOI $12,778 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$363.0K
$317.7K – $423.5K
NOI $25,412 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Explore this area
Business Placement
Demographics for 71104, LA
13,680
Population
7,160
Households
1.9
Avg Household Size
36
Median Age
31%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
3,508
Density / Sq Mi
$53,481
Median Household Income
$36,693
Median Earnings
$1,071
Median Rent
$163,300
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?
Duplex - Updated income property with separate living spaces, newer major systems, and outdoor space serving the upper residence.
Where is this duplex located?
The property is located at 136 E Boulevard Street Shreveport, LA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two‑story duplex with 3‑bedroom lower unit and 2‑bedroom upper unit; Each residence includes 1 full bath; Renovated interiors with contemporary finishes in both units
