Remodeled
For Sale
$135,000
2632 Foster Street, Bossier City, LA 71112
Two-bedroom units each include one bathroom and updated kitchens, baths, and vinyl flooring.
Property Size1,316 SF
Price / SF$102.58
Days on Market155
Property Features for 2632 Foster Street
General Information
Standard status
Active
Size
1,316 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$762
Amenities
Wall/Window Unit(s)
Electric
Luxury Vinyl Plank
Other
No
Shingle
One
1
Pillar/Post/Pier
Appraiser
2
Wood
Building Details
Year Built
1964
Year Renovated
2025
Buildings
1
Listing Agency:
Diamond Realty & Associates
(318) 393-2938
Listed By:
Desiree Davis · License #0995695418
(318) 393-2938
Source:
Compass
Added: Mar 31
Changed: Aug 31
Last Checked: Aug 31 at 10:11PM
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 Diamond Realty & Associates
Investment Insights
Based on property information with market context.
This 1,316-square-foot duplex contains two residential units, with each unit offering two bedrooms and one bathroom. The property was remodeled in 2025 with updated kitchens, bathrooms, and luxury vinyl plank flooring. Interior systems include electric wall/window unit heating and cooling, while the exterior includes wood construction, shingle roofing, and a pillar/post/pier foundation.
The property is located at 2632 Foster Street in Bossier City, Louisiana, near shopping, entertainment, hospitals, and Barksdale Air Force Base. The listing notes that tenants are in place and that 24-hour notice is required for access.
The property is located at 2632 Foster Street in Bossier City, Louisiana, near shopping, entertainment, hospitals, and Barksdale Air Force Base. The listing notes that tenants are in place and that 24-hour notice is required for access.
Key Highlights
- 1316 SF duplex with two units
- Each unit includes 2 bedrooms and 1 bathroom
- Remodeled in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,056
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$221,120
$221.1K
Cap Rate 7%
$157,943
$157.9K
Cap Rate 9%
$122,844
$122.8K
Market Conditions
NOI Build-Up for 1,316 SF
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.
Gross rent
$16.6K $12.60/SF
− Vacancy
−$788 −$0.60/SF
EGI
$15.8K $12.00/SF
− OpEx
−$4.7K −$3.60/SF
NOI
$11.1K $8.40/SF
Area
Bossier County, LA
Vacancy
4.75%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$221,120
Cap Rate 7%
$157,943
Cap Rate 9%
$122,844
Alternative Uses
Best Use
Multifamily LT 5
$157.9K
$138.2K – $184.3K
NOI $11,056 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$137.9K
$120.7K – $160.9K
NOI $9,654 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$224.0K
$196.0K – $261.4K
NOI $15,681 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 71112, LA
32,561
Population
14,248
Households
2.3
Avg Household Size
36
Median Age
25%
College-Educated
92%
High-School Grad
41.7 sq mi
ZIP Area
781
Density / Sq Mi
$59,814
Median Household Income
$41,110
Median Earnings
$1,181
Median Rent
$183,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units each include one bathroom and updated kitchens, baths, and vinyl flooring.
Where is this duplex located?
The property is located at 2632 Foster Street Bossier City, LA.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 1316 SF duplex with two units; Each unit includes 2 bedrooms and 1 bathroom; Remodeled in 2025
