Two-Unit
New
For Sale
Contact for pricing
1914 Milam Street #A & B, Shreveport, LA 71103
Each residence has two bedrooms, a separate dining room, and one bathroom.
Property Size1,500 SF
Price / SF$16.33
Days on Market2
Property Features for 1914 Milam Street #A & B
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
Fixer-Upper
Site & Location
Neighborhood
Queensborough
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1955
Listing Agency:
Danie LaRue, OmniMain Realty
Listed By:
Moomaw Realty Group
(903) 880-3989
Source:
Moomawteam
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 30 at 12:02PM
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 Danie LaRue, OmniMain Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1955 duplex contains two units, each with two bedrooms, a formal living room, a separate dining room, and one bathroom. The building totals 1,500 square feet and is being sold as-is. Repairs are needed before the units are ready to rent.
The property is on Milam Street in Shreveport, near schools, a bus line, churches, I-49, and downtown.
The property is on Milam Street in Shreveport, near schools, a bus line, churches, I-49, and downtown.
Key Highlights
- Two units, each with two bedrooms and one bathroom
- 1,500 square feet total
- Built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,143
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,860
$222.9K
Cap Rate 7%
$159,186
$159.2K
Cap Rate 9%
$123,811
$123.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$21.6K $14.40/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$20.3K $13.51/SF
− OpEx
−$9.1K −$6.08/SF
NOI
$11.1K $7.43/SF
Area
Shreveport, LA
Vacancy
6.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,860
Cap Rate 7%
$159,186
Cap Rate 9%
$123,811
Alternative Uses
Best Use
Multifamily LT 5
$176.7K
$154.6K – $206.2K
NOI $12,370 @ 7.0% cap · market cap 50.49%
Second Best
Apartment 5plus
$159.2K
$139.3K – $185.7K
NOI $11,143 @ 7.0% cap · market cap 45.48%
Theoretical Best
Office A
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 90.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
Explore this area
Business Placement
Demographics for 71103, LA
6,362
Population
3,264
Households
1.9
Avg Household Size
44
Median Age
13%
College-Educated
73%
High-School Grad
3.9 sq mi
ZIP Area
1,631
Density / Sq Mi
$27,958
Median Household Income
$23,622
Median Earnings
$827
Median Rent
$74,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, a separate dining room, and one bathroom.
Where is this duplex located?
The property is located at 1914 Milam Street #A & B Shreveport, LA.
What are key features of this property?
This property features: Two units, each with two bedrooms and one bathroom; 1,500 square feet total; Built in 1955
