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    Sixplex Apartment Building Income Opportunity Title is generated by Realmo AI

    2412 Pinehurst Boulevard, Shreveport, LA 71104

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    For Sale
    $205,000

    MULTI_FAMILY - Shreveport, LA

    Lot size:
    0.17 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 2412 Pinehurst Boulevard

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    6
    Rooms
    Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 8, Bathroom 6, Bedroom 4, Bedroom 7
    Parking
    6
    Parking features
    Parking Lot
    Interior features
    EatInKitchen, HighSpeedInternet, CableTv
    Appliances
    ElectricRange
    Standard status
    Active
    APN
    171306143056000
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Description
    LOT 252 & S. 13 FT. OF LOT 251 & THE E. 1/2 O
    Tax Annual Amount
    2620

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    6
    Flooring type
    Hardwood, Tile, Laminate
    Building materials
    Brick, WoodSiding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Gerod Durden
    Gerod Durden

    Listing agent Gerod Durden License #0995703634

    Listing office Durden Property Group LLC Shreveport, LA

    Listing date Apr 17, 2026

    MLS# 21241985 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

    • Highland 6‑plex with 2 downstairs 2BR/1BA units and 4 upstairs 1BR/1BA units
    • Upstairs units are bills paid; downstairs tenants pay electric
    • 2 units currently occupied and 4 units vacant (some TLC may be needed)
    • Built in 1940 with brick and wood siding exterior and a shingle roof
    • Public water and public sewer
    • Electric heating and electric cooling; includes electric range and parking lot

    Overview

    This sixplex apartment building offers a practical income setup with downstairs consisting of two 2-bedroom, 1-bath units and four upstairs 1-bedroom, 1-bath units. The upstairs units are all bills paid, while downstairs tenants pay electric. The property includes a mix of occupancy, with two units occupied and four units currently vacant, providing an opportunity for a buyer to add value with some TLC.

    Located at 2412 Pinehurst Boulevard in Shreveport, Louisiana (Caddo Parish), the asset is positioned for investors seeking straightforward multifamily management at a single location. The building’s unit mix supports both short- and longer-term rental planning, with separate billing arrangements for upstairs versus downstairs.

    For investors or buyers looking to build mailbox income, this property’s current configuration makes it well-suited to a hands-on strategy: stabilize the vacant units, keep the bill-paid upstairs structure in place, and leverage the existing tenancy mix to improve overall cash flow. As presented, it also fits those evaluating a multifamily purchase for either independent ownership or a broader portfolio approach, depending on underwriting goals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sea Jones Tattoo & Piercing Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.741089
    Latitude
    32.488154

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily with a mix of 2BR and 1BR layouts and bill-paid upstairs units, ready for investor updates.
    Where is this apartment building located?
    The property is located at 2412 Pinehurst Boulevard Shreveport, LA.
    What is the asking price?
    The asking price for this property is $205,000.
    What are key features of this property?
    This property features: Highland 6‑plex with 2 downstairs 2BR/1BA units and 4 upstairs 1BR/1BA units; Upstairs units are bills paid; downstairs tenants pay electric; 2 units currently occupied and 4 units vacant (some TLC may be needed)
    (318) 458-8017
    We can help!
    Listing Contact
    Gerod Durden
    Gerod Durden
    Real Estate License ID: 0995703634
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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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