Residential Income
New
For Sale
$134,000
346 Albany Avenue, Shreveport, LA 71105
The property is a 1960-built residential income asset with 1,454 square feet of building area.
Property Size1,454 SF
Price / SF$92.16
Days on Market3
Property Features for 346 Albany Avenue
General Information
Standard status
Active
Size
1,454 SF
Property subtype
Apartment
Site & Location
Neighborhood
Broadmoor
Building Details
Year Built
1960
Listing Agency:
Century 21 Elite
(318) 868-3600
Listed By:
Mario Gerard · License #0000069128
(318) 422-1318
Source:
Searsrealty
Added: Nov 1
Last Checked: Nov 1 at 3:43PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The residential income property at 346 Albany Avenue in Shreveport contains 1,454 square feet and was built in 1960.
It is located in the Broadmoor area, near schools and major shopping areas.
It is located in the Broadmoor area, near schools and major shopping areas.
Key Highlights
- 1,454‑square‑foot residential income property
- Built in 1960
- Located in the Broadmoor area near schools and major shopping areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,802
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,040
$216.0K
Cap Rate 7%
$154,314
$154.3K
Cap Rate 9%
$120,022
$120.0K
Market Conditions
NOI Build-Up for 1,454 SF
Gross rent
$20.9K $14.40/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$19.6K $13.51/SF
− OpEx
−$8.8K −$6.08/SF
NOI
$10.8K $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 Rate 5%
$216,040
Cap Rate 7%
$154,314
Cap Rate 9%
$120,022
Alternative Uses
Best Use
Apartment 5plus
$154.3K
$135.0K – $180.0K
NOI $10,802 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.9K
$268.5K – $358.0K
NOI $21,482 @ 7.0% cap · market cap 16.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
Explore this area
Business Placement
Demographics for 71105, LA
21,308
Population
11,139
Households
1.9
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
9.5 sq mi
ZIP Area
2,243
Density / Sq Mi
$66,758
Median Household Income
$48,396
Median Earnings
$1,247
Median Rent
$216,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The property is a 1960-built residential income asset with 1,454 square feet of building area.
Where is this residential income property located?
The property is located at 346 Albany Avenue Shreveport, LA.
What is the asking price?
The asking price for this property is $134,000.
What are key features of this property?
This property features: 1,454‑square‑foot residential income property; Built in 1960; Located in the Broadmoor area near schools and major shopping areas
