Two-Unit Duplex with Open
For Sale
$149,900
3109 Cedar Creek Dr, Shreveport, LA 71118
R-3-zoned duplex with two residential units and in-unit washer and dryer connections.
Property Size1,766 SF
Price / SF$84.88
Days on Market184
Property Features for 3109 Cedar Creek Dr
General Information
Standard status
Active
Size
1,766 SF
Total Parking Spaces
6
Property subtype
Investment
Zoning
R-3
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
washer and dryer connections
6 Parking Spaces
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Century 21 Elite
(318) 868-3600
Listed By:
Michael Salter · License #0995687639
(318) 868-3600
Source:
Lacdb.resimplifi
Added: Feb 27
Changed: Aug 28
Last Checked: Aug 29 at 6:03AM
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 Elite
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each configured with two bedrooms and one bathroom. Both units feature open floor plans, spacious living and bedroom areas, and washer and dryer connections positioned in the pantry. The property was built in 1980 and carries R-3 zoning.
HVAC service is performed twice per year, providing a documented maintenance schedule for the building’s mechanical systems. The property is located at 3109 Cedar Creek Dr in Shreveport, Louisiana.
HVAC service is performed twice per year, providing a documented maintenance schedule for the building’s mechanical systems. The property is located at 3109 Cedar Creek Dr in Shreveport, Louisiana.
Key Highlights
- Two‑unit duplex with two 2‑bedroom, 1‑bath units
- Each unit includes an open floor plan
- Washer and dryer connections located in each pantry
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
$13,120
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
8.75%
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%
$262,400
$262.4K
Cap Rate 7%
$187,429
$187.4K
Cap Rate 9%
$145,778
$145.8K
Market Conditions
NOI Build-Up for 1,766 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
$25.4K $14.40/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$23.9K $13.51/SF
− OpEx
−$10.7K −$6.08/SF
NOI
$13.1K $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 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%
$262,400
Cap Rate 7%
$187,429
Cap Rate 9%
$145,778
Alternative Uses
Best Use
Multifamily LT 5
$208.1K
$182.1K – $242.7K
NOI $14,564 @ 7.0% cap · market cap 9.72%
Second Best
Apartment 5plus
$187.4K
$164.0K – $218.7K
NOI $13,120 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$372.7K
$326.2K – $434.9K
NOI $26,092 @ 7.0% cap · market cap 17.41%
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
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 71118, LA
24,582
Population
10,078
Households
2.4
Avg Household Size
38
Median Age
20%
College-Educated
90%
High-School Grad
13.1 sq mi
ZIP Area
1,876
Density / Sq Mi
$56,952
Median Household Income
$37,241
Median Earnings
$1,009
Median Rent
$168,600
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 - R-3-zoned duplex with two residential units and in-unit washer and dryer connections.
Where is this duplex located?
The property is located at 3109 Cedar Creek Dr Shreveport, LA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two‑unit duplex with two 2‑bedroom, 1‑bath units; Each unit includes an open floor plan; Washer and dryer connections located in each pantry
