Duplex Investment
224 Olive Street Shreveport, LA 71104
For Sale
$169,900
Two-unit duplex with separate kitchen and dining areas, washer/dryer hookups, and rear parking.
Property Size2,029 SF
Price / SF$83.74
Days on Market84
Property Features for 224 Olive Street
General Information
Standard status
Active
Size
2,029 SF
Property subtype
Multi-Family / Full Duplex
Building Details
Year Built
1990
Listing Agency:
Pinnacle Realty Advisors
(318) 469-3261
Listed By:
Mindy Wardlaw · License #0099563825
(318) 469-3261
Source:
Compass
Added: May 6
Changed: Jul 21
Last Checked: Jul 27 at 1:41PM
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 duplex offers two separate units, each with a large kitchen and its own dining room, plus washer and dryer hookups. The upstairs unit is vacant and described as ready to lease, with new paint underway and a new dishwasher being installed, and the listing notes that appliances will remain, including refrigerators. The downstairs unit is occupied by a resident on a month-to-month lease, and the listing indicates the resident has been in place for about 10 years.
Parking is available out back on a parking pad, and the property is described as having vinyl siding for low maintenance.
The offering is presented as a low-maintenance residential income investment with an upstairs vacancy and an occupied downstairs unit.
Parking is available out back on a parking pad, and the property is described as having vinyl siding for low maintenance.
The offering is presented as a low-maintenance residential income investment with an upstairs vacancy and an occupied downstairs unit.
Key Highlights
- 2‑unit duplex built in 1990 with separate kitchen and dining areas in both units
- Washer and dryer hookups for each unit, plus built‑in refrigerator, dishwasher, and electric range included
- Central air and central heating (natural gas) with ceramic tile flooring
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $14.40 |
| − Vacancy | −$1.8k | −$0.89 |
| EGI | $27.4k | $13.51 |
| − OpEx | −$12.3k | −$6.08 |
| NOI | $15.1k | $7.43 |
2,029 SF · lease $14.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$239.0K
$209.2K – $278.9K
NOI $16,733 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$215.3K
$188.4K – $251.2K
NOI $15,073 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$428.2K
$374.7K – $499.6K
NOI $29,977 @ 7.0% cap · market cap 17.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with separate kitchen and dining areas, washer/dryer hookups, and rear parking.
Where is this duplex located?
The property is located at 224 Olive Street Shreveport, LA.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 2‑unit duplex built in 1990 with separate kitchen and dining areas in both units; Washer and dryer hookups for each unit, plus built‑in refrigerator, dishwasher, and electric range included; Central air and central heating (natural gas) with ceramic tile flooring
