Triplex with Utility
New
For Sale
$139,400
2413 Creswell Avenue, Shreveport, LA 71104
Electric usage is tracked by submeter, with tenant charges based on actual consumption.
Property Size1,551 SF
Price / SF$89.88
Days on Market2
Property Features for 2413 Creswell Avenue
General Information
Standard status
Active
Size
1,551 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Highland
Utilities to Site
Yes
Units
Multifamily Units
3
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1950
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 12:34PM
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 1,551-square-foot triplex was built in 1950. A new roof is scheduled for installation before closing. The property has one meter for each utility, with electric submetering used to allocate tenant charges by actual consumption.
Gas and water charges to tenants are calculated using average historical usage. The property is located at 2413 Creswell Avenue in Shreveport, Louisiana.
Gas and water charges to tenants are calculated using average historical usage. The property is located at 2413 Creswell Avenue in Shreveport, Louisiana.
Key Highlights
- 1,551‑square‑foot triplex built in 1950
- New roof to be installed before closing
- One meter for each utility; electric submetering supports tenant billing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,791
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,820
$255.8K
Cap Rate 7%
$182,729
$182.7K
Cap Rate 9%
$142,122
$142.1K
Market Conditions
NOI Build-Up for 1,551 SF
Gross rent
$19.5K $12.60/SF
− Vacancy
−$1.3K −$0.82/SF
EGI
$18.3K $11.78/SF
− OpEx
−$5.5K −$3.53/SF
NOI
$12.8K $8.25/SF
Area
Shreveport, LA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,820
Cap Rate 7%
$182,729
Cap Rate 9%
$142,122
Alternative Uses
Best Use
Multifamily LT 5
$182.7K
$159.9K – $213.2K
NOI $12,791 @ 7.0% cap · market cap 9.18%
Second Best
Apartment 5plus
$164.6K
$144.0K – $192.0K
NOI $11,522 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$327.4K
$286.4K – $381.9K
NOI $22,915 @ 7.0% cap · market cap 16.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
Explore this area
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?
Triplex - Electric usage is tracked by submeter, with tenant charges based on actual consumption.
Where is this triplex located?
The property is located at 2413 Creswell Avenue Shreveport, LA.
What is the asking price?
The asking price for this property is $139,400.
What are key features of this property?
This property features: 1,551‑square‑foot triplex built in 1950; New roof to be installed before closing; One meter for each utility; electric submetering supports tenant billing
