Updated Two-Story
For Sale
$285,000
4114 Cherokee St, Shreveport, LA 71109
Four residential units provide a multifamily configuration with separate living spaces and in-unit laundry connections.
Property Size3,192 SF
Lot Size0.37 Acres
Price / SF$89.29
Days on Market13
Property Features for 4114 Cherokee St
General Information
Standard status
Active
Size
3,192 SF
Lot size
0.37 Acres
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
central heating and air
washer and dryer connections
Building Details
Year Built
1980
Stories
2
Listing Agency:
RE/MAX UNITED
Listed By:
Rachel Pacheco · License #0995687040
(318) 684-3030
Source:
Realestatestation
Added: Oct 2
Changed: Oct 14
Last Checked: Oct 12 at 8:04PM
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 RE/MAX UNITED
Investment Insights
Based on property information with market context.
This two-story quadplex contains four residential units across approximately 3,192 square feet. Each apartment has two bedrooms, one bathroom, ceramic tile flooring, central heating and air, and washer and dryer connections. Kitchens and bathrooms have been updated. The property was built in 1980 and occupies approximately 0.37 acres.
The Shreveport property offers access to shopping, dining, schools, and major roadways. Rental activity is part of its history.
The Shreveport property offers access to shopping, dining, schools, and major roadways. Rental activity is part of its history.
Key Highlights
- Four residential units, each with two bedrooms and one bathroom
- Approximately 3,192 square feet in a two‑story building
- Approximately 0.37 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,713
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,260
$474.3K
Cap Rate 7%
$338,757
$338.8K
Cap Rate 9%
$263,478
$263.5K
Market Conditions
NOI Build-Up for 3,192 SF
Gross rent
$46.0K $14.40/SF
− Vacancy
−$2.8K −$0.89/SF
EGI
$43.1K $13.51/SF
− OpEx
−$19.4K −$6.08/SF
NOI
$23.7K $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%
$474,260
Cap Rate 7%
$338,757
Cap Rate 9%
$263,478
Alternative Uses
Best Use
Multifamily LT 5
$376.0K
$329.0K – $438.7K
NOI $26,323 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$338.8K
$296.4K – $395.2K
NOI $23,713 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$673.7K
$589.5K – $786.0K
NOI $47,160 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Explore this area
Business Placement
Demographics for 71109, LA
18,414
Population
9,099
Households
2
Avg Household Size
39
Median Age
14%
College-Educated
83%
High-School Grad
12.8 sq mi
ZIP Area
1,439
Density / Sq Mi
$31,309
Median Household Income
$25,695
Median Earnings
$896
Median Rent
$91,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units provide a multifamily configuration with separate living spaces and in-unit laundry connections.
Where is this quadplex located?
The property is located at 4114 Cherokee St Shreveport, LA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Four residential units, each with two bedrooms and one bathroom; Approximately 3,192 square feet in a two‑story building; Approximately 0.37 acres
