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Multi-Family Residential Portfolio
For Sale
Under Contract
$46,000

2638 Morningside Drive, Shreveport, LA 71108

ResidentialIncome, Shreveport, LA

Property SizeContact for details
Lot Size0.19 Acres
Days on Market55

Property Features for 2638 Morningside Drive

General Information

Property type Residential Multi Family
Property subtype Other
Parking 2
Subdivision Morningside Sub
Elementary school district Caddo PSB
Middle school district Caddo PSB
High school district Caddo PSB
Directions USE GPS
Standard status Active Under Contract
APN 171414145000700
Lot size 0.19 Acres

Taxes and HOA fees

Tax Description LOT 7, BLK. 6, MORNINGSIDE SUB., 171414-145-7
Legal Description LOT 7, BLK. 6, MORNINGSIDE SUB., 171414-145-7

Utilities

Sewer type Public Sewer

Building Details

Year built 1988
Floors in Building 1
Number of units 1
Listing Agency: Pinnacle Realty Advisors
Listed By: Lee Nugent · License #0995695038
Added: Jun 29 Changed: Aug 20 Last Checked: Aug 22 at 6:06PM
MLS# 21302405

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.

Investment Insights

Based on property information with market context.

This for-sale package is a 49-property, 50-unit residential rental portfolio offered as one complete bundle only. The mix is primarily single-family rental homes, with a combination of occupied units, renewed leases, Section 8 tenants, and value-add vacant units. Bedroom counts range from 1-bedroom units through 4-bedroom homes, and the rent roll indicates many leases extend into 2026 and 2027. Current rental income is approximately $34,905 per month, or $418,860 annualized, with estimated stabilized rent of approximately $50,056 per month, or $600,672 annually after vacant units are leased and rents are moved closer to target levels. Estimated 2025 insurance is $24,102.92 and estimated 2025 city and parish taxes are $26,500.16, and all income is subject to change as units are leased, renewed, vacated, or adjusted. Financials, rent roll, property-level details, and due diligence materials are available to qualified buyers upon request.

The portfolio is located in Shreveport/Bossier City, Louisiana, within Caddo Parish, and the listing address is 2638 Morningside Drive, Shreveport, LA 71108. Tenant disturbance is discouraged; access and additional documentation are limited, and the seller requires proof of funds or lender preapproval before releasing full documentation or scheduling property access.

For investors or owner-operators seeking a multi-property residential portfolio, this package supports a straightforward value-add approach focused on leasing vacant inventory, completing turns or inspections, renewing tenants at market-supported rents, and tightening operations based on the provided rent roll and unit mix. The seller also specifies portfolio-only terms and does not offer creative financing, including seller financing, subject-to, wrap, lease option, or owner financing; cash, DSCR, portfolio loan, or verifiable third-party financing only.

Key Highlights

  • 50‑unit residential rental portfolio in Shreveport‑Bossier City, LA, built in 1988
  • Current rent roll of approximately $34,905/month ($418,860 annualized) across occupied and vacant units
  • Projected stabilized rent of approximately $50,056/month ($600,672 annualized) after leasing vacant units and moving toward target rents

Property Analytics

Current Use

Single family properties

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm HVAC Service Accounting Firm (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

50
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

355
Businesses Nearby

Demographics for 71108, LA

17,727
Population
8,341
Households
2.1
Avg Household Size
35
Median Age
7%
College-Educated
78%
High-School Grad
8.5 sq mi
ZIP Area
2,086
Density / Sq Mi
$32,116
Median Household Income
$25,575
Median Earnings
$1,075
Median Rent
$81,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Single family property - Fifty-unit residential portfolio in Shreveport/Bossier with mostly single-family rentals, combining occupied, renewed, and vacant homes.
Where is this single family property located?
The property is located at 2638 Morningside Drive Shreveport, LA.
What is the asking price?
The asking price for this property is $46,000.
What are key features of this property?
This property features: 50‑unit residential rental portfolio in Shreveport‑Bossier City, LA, built in 1988; Current rent roll of approximately $34,905/month ($418,860 annualized) across occupied and vacant units; Projected stabilized rent of approximately $50,056/month ($600,672 annualized) after leasing vacant units and moving toward target rents
More about this property
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