Residential Income
For Sale
$230,000
Pending
421 Wyandotte Street, Shreveport, LA 71101
Central air, kitchen appliances, and additional parking are among the property’s documented features.
Property Size2,554 SF
Days on Market30
Property Features for 421 Wyandotte Street
General Information
Standard status
Pending
Size
2,554 SF
Total Parking Spaces
2
Property subtype
Residential Income
Site & Location
Neighborhood
Highland
Taxes and HOA fees
Annual Taxes
$268
Amenities
Central Air
Central
Dishwasher, Disposal, Electric Range
Other
Additional Parking
Building Details
Building Size
2,554 SF
Year Built
1940
Buildings
1
Listing Agency:
Keller Williams NWLA
Listed By:
Tim Tullos · License #0000077032
(225) 892-7991
Source:
Evrealestate
Added: Sep 29
Changed: Oct 27
Last Checked: Oct 26 at 4:14PM
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 Keller Williams NWLA
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Investment Insights
Based on property information with market context.
Built in 1940, this residential income property includes central air conditioning and central heating. The kitchen is equipped with a dishwasher, disposal, and electric range, and additional parking is available.
The property is located at 421 Wyandotte Street in Shreveport, Caddo Parish, Louisiana.
The property is located at 421 Wyandotte Street in Shreveport, Caddo Parish, Louisiana.
Key Highlights
- Built in 1940
- Central air conditioning and central heating
- Kitchen includes a dishwasher, disposal, and electric range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,974
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,480
$379.5K
Cap Rate 7%
$271,057
$271.1K
Cap Rate 9%
$210,822
$210.8K
Market Conditions
NOI Build-Up for 2,554 SF
Gross rent
$36.8K $14.40/SF
− Vacancy
−$2.3K −$0.89/SF
EGI
$34.5K $13.51/SF
− OpEx
−$15.5K −$6.08/SF
NOI
$19.0K $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%
$379,480
Cap Rate 7%
$271,057
Cap Rate 9%
$210,822
Alternative Uses
Best Use
Apartment 5plus
$271.1K
$237.2K – $316.2K
NOI $18,974 @ 7.0% cap · market cap 8.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$539.1K
$471.7K – $628.9K
NOI $37,734 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,400
Businesses Nearby
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Business Placement
Demographics for 71101, LA
6,560
Population
4,548
Households
1.4
Avg Household Size
41
Median Age
13%
College-Educated
77%
High-School Grad
4.2 sq mi
ZIP Area
1,562
Density / Sq Mi
$17,924
Median Household Income
$32,135
Median Earnings
$714
Median Rent
$86,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Central air, kitchen appliances, and additional parking are among the property’s documented features.
Where is this residential income property located?
The property is located at 421 Wyandotte Street Shreveport, LA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Built in 1940; Central air conditioning and central heating; Kitchen includes a dishwasher, disposal, and electric range
