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    Two-Unit Duplex Investment Title is generated by Realmo AI

    4040 Gilbert Drive, Shreveport, LA 71106

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    Claim this Listing
    Pending
    $135,000

    MULTI_FAMILY - Shreveport, LA

    Lot size:
    0.18 Acres
    Added:
    Sep 3, 2025
    Days on Market:
    275
    Last Refresh:
    Jun 4 at 12:06 pm

    Property Features for 4040 Gilbert Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3
    Parking
    2
    Parking features
    Driveway
    Interior features
    HighSpeedInternet
    Exterior features
    Balcony
    Appliances
    Dryer, Dishwasher, GasRange, Refrigerator, Washer
    Standard status
    Pending
    APN
    171318023002100
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Description
    LOT 12, BLK. C, COLLEGE HILL SUB., LESS WEST
    Tax Annual Amount
    2401

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1945
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Wood, Vinyl
    Building materials
    WoodSiding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Gail Adams
    Gail Adams

    Listing agent Gail Adams License #0912124965

    Listing office Carl Adams & Associates Springhill, LA

    Listing date Sep 3, 2025

    MLS# 21008022 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

    • Duplex with two units, each described as a 2‑bedroom, 1‑bath layout
    • Each upstairs and ground‑floor unit includes a garage; upstairs laundry room is shared
    • Year built 1945 with wood siding exterior and an asphalt shingle roof
    • Central heating and central air conditioning, plus electric heating
    • Appliances include refrigerator, gas range, dishwasher, washer, and dryer
    • Utilities: public water and public sewer; driveway parking

    Overview

    This duplex offers two separate residential units, each with two bedrooms and one bath. The ground floor unit includes a two-car garage, while the upstairs unit has an additional laundry room that is shared with the other unit. The property is being offered for sale, with the seller noting that it will not pass FHA, VA, or RD standards.

    Located at 4040 Gilbert Drive in Shreveport, Louisiana, the site consists of a small lot totaling approximately 0.175 acres in Caddo Parish. The listing includes the full duplex configuration, making it straightforward for an owner-occupant or investor to understand the basic layout before touring.

    Given the two-unit structure and matching bedroom and bath counts, the property may appeal to investors seeking a compact, manageable income setup or buyers looking for an owner-occupant arrangement. The shared laundry component is an important operational detail for tenant expectations and day-to-day living. Please note that financing is likely to be limited due to the stated inability to meet FHA, VA, or RD requirements, so conventional or cash-focused buyers may be best suited.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.736339
    Latitude
    32.466273

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    FAQs

    What type of property is this?
    Duplex - Duplex features two 2-bedroom, 1-bath units with a shared laundry area in a two-car garage configuration.
    Where is this duplex located?
    The property is located at 4040 Gilbert Drive Shreveport, LA.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: Duplex with two units, each described as a 2‑bedroom, 1‑bath layout; Each upstairs and ground‑floor unit includes a garage; upstairs laundry room is shared; Year built 1945 with wood siding exterior and an asphalt shingle roof
    (318) 539-2300
    We can help!
    Listing Contact
    Gail Adams
    Gail Adams
    Real Estate License ID: 0912124965
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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