Back to Search

For sale
Single family properties
LA
Shreveport
71108
3940 Wallace Avenue

Multi-Family Residential Rental Portfolio

3940 Wallace Avenue, Shreveport, LA 71108

View on Map

For Sale

$80,000

MULTI_FAMILY - Shreveport, LA

Lot size:

0.27 Acres

HighLights

49‑property, 50‑unit residential rental portfolio in Shreveport‑Bossier City, LA (package sale only)
Current rental income of approximately $34,905/month, or $418,860 annualized, per provided rent roll
Projected stabilized rent of approximately $50,056/month, or $600,672 annually, after vacant units are leased and rents move toward targets
Mostly single‑family rental homes with a mix of occupied, renewed, vacant, and Section 8 units
Bedroom mix from 1‑bedroom units through 4‑bedroom homes; many leases extend into 2026 and 2027
Public sewer service; estimated 2025 insurance of $24,102.92 and estimated 2025 city/parish taxes of $26,500.16

We can help!

Contact an agent

Lee Nugent

For Sale

$80,000

MULTI_FAMILY - Shreveport, LA

Lot size:

0.27 Acres

Added:: Jun 29, 2026
Days on Market:: 10
Last Refresh:: Jul 8 at 2:06 am

Property Features for 3940 Wallace Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking: 2
Standard status: Active
APN: 171414082006100
Lot size: 0.27 Acres

Taxes and HOA fees

Tax Description: LOTS 59 & 60, VERNON ANNEX & 1/2 ADJ. ABDN. A

Utilities

Sewer type: Public Sewer

Building Details

Year built: 1999
Floors in Building: 1
Number of units: 1

We can help!

Contact an agent

Lee Nugent

Listing agent Lee Nugent

Listing office Pinnacle Realty Advisors Shreveport, LA

Listing date Jun 29, 2026

MLS# 21302667 Listing URL

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.

HighLights

49‑property, 50‑unit residential rental portfolio in Shreveport‑Bossier City, LA (package sale only)
Current rental income of approximately $34,905/month, or $418,860 annualized, per provided rent roll
Projected stabilized rent of approximately $50,056/month, or $600,672 annually, after vacant units are leased and rents move toward targets
Mostly single‑family rental homes with a mix of occupied, renewed, vacant, and Section 8 units
Bedroom mix from 1‑bedroom units through 4‑bedroom homes; many leases extend into 2026 and 2027
Public sewer service; estimated 2025 insurance of $24,102.92 and estimated 2025 city/parish taxes of $26,500.16

Overview

This listing is for a package sale only: 49 properties comprising 50 total residential units in the Shreveport-Bossier area, offered as one complete portfolio. The mix includes mostly single-family rental homes with occupied units, renewed leases, Section 8 participation, and value-add vacant inventory. Bedroom counts range from 1 to 4 bedrooms, and many leases extend into 2026 and 2027. The provided rent roll indicates current rental income of approximately $34,905 per month (about $418,860 annualized), with projected stabilized rent of approximately $50,056 per month (about $600,672 annually) once vacant units are leased and rents are moved toward target levels.

The portfolio is located at 3940 Wallace Avenue, Shreveport, LA 71108, within Caddo Parish. The seller has requested that individual offers are discouraged, and no creative financing terms are offered. The stated options are cash, DSCR, a portfolio loan, or other verifiable third-party financing.

For buyers, this portfolio is positioned for an operator who can manage both in-place leases and vacant-unit stabilization. The rent roll and due diligence materials are available to qualified buyers upon request, and the seller requires proof of funds or lender preapproval before providing documentation or scheduling property access. Please do not disturb tenants.

Property Profile Location Intelligence

Current Use by Public Records

Single family properties

Suggested Use

Location Insight

Map
Local Demand

City: Shreveport
County: Caddo
State: Louisiana
Longitude: -93.767485
Latitude: 32.46759

Nearby Similar for Sale

$696,000

29,765 SF

Turn-Key Heavy Truck Repair Facility

Three-building industrial property designed for heavy diesel truck repair with yard space for vehicle staging.

5500,5514,5604,5606 Mansfield Road, Shreveport, LA 71108

View Details
$279,900

4,200 SF

Renovated Flex Office with Shop Space

Fully renovated office and heated shop/warehouse space with bay door ramp access, fenced yard, and move-in-ready electrical.

1717 Edwards Street, Shreveport, LA 71101

View Details
$625,000

Secluded Office Building with Ample Parking

Well-suited for professional office use with ample parking and convenient access near major regional routes.

3312 N Market Street, Shreveport, LA 71107

View Details
$498,000

Automotive Collision Shop with Paint Booth

Turnkey collision-ready shop with heated workspace, office space, and 5 bay doors for automotive or light industrial operations.

9830 Mansfield Road, Shreveport, LA 71118

View Details
$375,000

Versatile Office Building with Parking

Three-suite office building with two restrooms and ample on-site parking on a nearly half-acre lot.

721 Snow Street, Shreveport, LA 71101

View Details
$578,000

Office/Warehouse Building with Overhead Doors

Large office/warehouse with two overhead rollup doors and fenced yard for flexible industrial operations near major routes.

147 E Stoner Avenue, Shreveport, LA 71101

View Details
$250,000

Renovated Single-Tenant Office Building

Newly renovated single-tenant office building with a large parking lot, previously a medical clinic and updated in 2023.

2303 Line Avenue, Shreveport, LA 71104

View Details
$239,900

Remodeled Corner Office and Retail

Fully remodeled suite with private offices, reception, and conference space on a high-visibility corner lot.

9099 Mansfield Road, Shreveport, LA 71118

View Details
$120,000

Freestanding Commercial Building with Storage

Freestanding building combining professional office space with secure outdoor storage and staging for service and logistics users.

4611 Monkhouse Drive, Shreveport, LA 71109

View Details
$249,900

Corner Lot Medical Office Building

Versatile medical office setup with ample parking, multiple exam rooms, and recently updated HVAC for flexible tenant use.

7840 Jewella Avenue, Shreveport, LA 71108

View Details
$275,000

Office Building with Redevelopment Land

Single-tenant office building with clear-span layout and ample acreage for flexible conversion under C-4 zoning.

8808 Mcgoldrick Drive, Shreveport, LA 71129

View Details
$237,000

1,217 SF

Office-Warehouse Flex Building

Combined office suite and warehouse with two garage doors for operations and storage in Shreveport.

726 Edgemont Street, Shreveport, LA 71106

View Details

For sale
Single family properties
LA
Shreveport
71108
3940 Wallace Avenue

What type of property is this?

Single family property - Portfolio sale of 50 residential units across mostly single-family rentals, with a mix of occupied, Section 8, and vacant homes.

Where is this single family property located?

The property is located at 3940 Wallace Avenue Shreveport, LA.

What is the asking price?

The asking price for this property is $80,000.

What are key features of this property?

This property features: 49‑property, 50‑unit residential rental portfolio in Shreveport‑Bossier City, LA (package sale only); Current rental income of approximately $34,905/month, or $418,860 annualized, per provided rent roll; Projected stabilized rent of approximately $50,056/month, or $600,672 annually, after vacant units are leased and rents move toward targets

3940 Wallace Avenue, Shreveport, LA 71108

MULTI_FAMILY - Shreveport, LA

Property Features for 3940 Wallace Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turn-Key Heavy Truck Repair Facility

Renovated Flex Office with Shop Space

Secluded Office Building with Ample Parking

Automotive Collision Shop with Paint Booth

Versatile Office Building with Parking

Office/Warehouse Building with Overhead Doors

Renovated Single-Tenant Office Building

Remodeled Corner Office and Retail

Freestanding Commercial Building with Storage

Corner Lot Medical Office Building

Office Building with Redevelopment Land

Office-Warehouse Flex Building

FAQs