Renovated
For Sale
$335,000
349 Albany Ave, Shreveport, LA 71105
Fully leased duplex with two updated residential units and a separate garage-storage area.
Property Size2,850 SF
Price / SF$117.54
Days on Market196
Property Features for 349 Albany Ave
General Information
Standard status
Active
Size
2,850 SF
Property subtype
Investment
Zoning
R-1-7
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$30,000
Building Details
Year Renovated
2022
Listing Agency:
Lea Hall Properties
(318) 221-1234
Listed By:
Jamie Moreland
(318) 221-1234
Source:
Lacdb.resimplifi
Added: Feb 15
Changed: Aug 29
Last Checked: Aug 29 at 3:32PM
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 Lea Hall Properties
Investment Insights
Based on property information with market context.
This duplex contains two renovated residential units totaling 2,850 square feet. The upper unit offers three bedrooms and one bathroom across 1,384 square feet, while the lower unit provides three bedrooms and two bathrooms within 1,450 square feet. Both units were renovated in 2022 with restored hardwood floors, quartz countertops, refaced cabinetry, new appliances, updated lighting, plumbing fixtures, backsplash, tile flooring, and fresh paint. The property also includes a garage-storage structure.
Located at 349 Albany Ave in Shreveport, the property is zoned R-1-7 and is fully leased. Improvements to the garage-storage area include a new roof, electrical work, spray foam insulation, and a replacement garage door and motor completed in 2020, followed by a new concrete driveway in 2023. The home received a new roof in 2021 and full attic blow-in insulation in 2024. Both HVAC systems and hot water heaters have also been replaced.
Located at 349 Albany Ave in Shreveport, the property is zoned R-1-7 and is fully leased. Improvements to the garage-storage area include a new roof, electrical work, spray foam insulation, and a replacement garage door and motor completed in 2020, followed by a new concrete driveway in 2023. The home received a new roof in 2021 and full attic blow-in insulation in 2024. Both HVAC systems and hot water heaters have also been replaced.
Key Highlights
- 2,850‑square‑foot duplex with two residential units
- Upper unit: 3 BR, 1 Bath, 1,384 sf
- Lower unit: 3 BR, 2 Bath, 1,450 sf
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
$23,503
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
7.02%
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%
$470,060
$470.1K
Cap Rate 7%
$335,757
$335.8K
Cap Rate 9%
$261,144
$261.1K
Market Conditions
NOI Build-Up for 2,850 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
$35.9K $12.60/SF
− Vacancy
−$2.3K −$0.82/SF
EGI
$33.6K $11.78/SF
− OpEx
−$10.1K −$3.53/SF
NOI
$23.5K $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 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%
$470,060
Cap Rate 7%
$335,757
Cap Rate 9%
$261,144
Alternative Uses
Best Use
Multifamily LT 5
$335.8K
$293.8K – $391.7K
NOI $23,503 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$302.5K
$264.7K – $352.9K
NOI $21,173 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$601.5K
$526.3K – $701.8K
NOI $42,107 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
478
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
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 - Fully leased duplex with two updated residential units and a separate garage-storage area.
Where is this duplex located?
The property is located at 349 Albany Ave Shreveport, LA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 2,850‑square‑foot duplex with two residential units; Upper unit: 3 BR, 1 Bath, 1,384 sf; Lower unit: 3 BR, 2 Bath, 1,450 sf
