Duplex with Separate Dining
New
For Sale
$169,900
224 Olive Street, Shreveport, LA 71104
Two residences each include a large kitchen, washer and dryer hookups, and appliances.
Property Size2,029 SF
Price / SF$83.74
Days on Market2
Property Features for 224 Olive Street
General Information
Standard status
Active
Size
2,029 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Highland
Public Transit
Yes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1990
Listing Agency:
Century 21 Harvey Properties-P
(903) 732-7266
Listed By:
Fritz Realty Group
(469) 789-6769
Source:
Fritzrealtygroup
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 30 at 2:18PM
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 Century 21 Harvey Properties-P
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Investment Insights
Based on property information with market context.
This 1990 duplex contains two units, each with a large kitchen, a separate dining room, and washer and dryer hookups. The property totals 2,029 square feet and has vinyl siding. Appliances, including refrigerators, remain with the units.
The upstairs residence is vacant and ready to lease, with new paint and a dishwasher being installed. The downstairs unit has a month-to-month tenant who has occupied it for 10 years and pays $615 per month. A rear parking pad provides off-street parking.
The upstairs residence is vacant and ready to lease, with new paint and a dishwasher being installed. The downstairs unit has a month-to-month tenant who has occupied it for 10 years and pays $615 per month. A rear parking pad provides off-street parking.
Key Highlights
- 2,029‑square‑foot duplex built in 1990
- Two units, each with a large kitchen, separate dining room, and washer and dryer hookups
- Upstairs unit is vacant, with new paint and a dishwasher being installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,073
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,460
$301.5K
Cap Rate 7%
$215,329
$215.3K
Cap Rate 9%
$167,478
$167.5K
Market Conditions
NOI Build-Up for 2,029 SF
Gross rent
$29.2K $14.40/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$27.4K $13.51/SF
− OpEx
−$12.3K −$6.08/SF
NOI
$15.1K $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%
$301,460
Cap Rate 7%
$215,329
Cap Rate 9%
$167,478
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences each include a large kitchen, washer and dryer hookups, and appliances.
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: 2,029‑square‑foot duplex built in 1990; Two units, each with a large kitchen, separate dining room, and washer and dryer hookups; Upstairs unit is vacant, with new paint and a dishwasher being installed
