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    Duplex Investment Property Title is generated by Realmo AI

    1516 Highland Avenue, Shreveport, LA 71101

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    Claim this Listing
    For Sale
    $99,900

    MULTI_FAMILY - Shreveport, LA

    Lot size:
    0.12 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    98
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 1516 Highland Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    4
    Parking features
    Off Street
    Interior features
    BuiltInFeatures
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    171306038002800
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Description
    LOT 28, BLK 3, HOWARD COLE SUB , 171306-38-28
    Tax Annual Amount
    506

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate
    Building materials
    WoodSiding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Kevin May
    Kevin May

    Listing agent Kevin May License #0995690269

    Listing office Mayco Real Estate Services, LLC Shreveport, LA

    Listing date Feb 26, 2026

    MLS# 21152484 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

    • Duplex in Highland with front unit somewhat dated and back unit renovated more recently
    • Tenant‑occupied property (Unit B photos are from a prior vacancy period)
    • Built in 1940 with wood siding, shingle roof, laminate flooring, and built‑in features
    • Central heating and central air throughout
    • Utilities: public water and public sewer
    • Off‑street parking and refrigerator included

    Overview

    This duplex investment property features two separate units on one lot. The front unit appears somewhat dated but is in generally good shape based on the provided photographs. The back unit was renovated more recently, with the improvements reflected in the pictures. Photos of the renovated unit are noted as coming from a past vacancy period, and the listing emphasizes that no warranties of condition are expressed or implied by the images. The property is described as a “money maker,” and it is currently tenant occupied.

    The asset is located in Highland within Shreveport, Louisiana, in Caddo Parish. The listing is for sale and indicates the opportunity to acquire the property as part of a portfolio, which may be sold as a package. Additional available portfolio information can be provided upon request.

    For buyers and investors looking for a duplex with renovation upside, this configuration offers immediate tenancy while capturing the benefit of a more recently updated unit. The front and back unit condition differences may also appeal to operators planning targeted improvements over time. As presented, it is best suited for an investor who can evaluate unit-by-unit condition and align operations accordingly, especially given the note about past vacancy photos for unit B.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.739909
    Latitude
    32.497552

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    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with one renovated unit, tenant occupancy, and strong income potential for investors.
    Where is this duplex located?
    The property is located at 1516 Highland Avenue Shreveport, LA.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Duplex in Highland with front unit somewhat dated and back unit renovated more recently; Tenant‑occupied property (Unit B photos are from a prior vacancy period); Built in 1940 with wood siding, shingle roof, laminate flooring, and built‑in features
    (318) 734-3440
    We can help!
    Listing Contact
    Kevin May
    Kevin May
    Real Estate License ID: 0995690269
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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.

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