Renovated Tenant-Occupied
421 Wyandotte Street Shreveport, LA 71101
421 Wyandotte Street, Shreveport, LA, 71101
$230,000
For Sale
$230,000
Renovated triplex with three tenant-occupied units and extensive recent upgrades including roof, HVAC, electrical, and plumbing.
Property Size2,554 SF
Price / SF$90.05
Days on Market403
Property Features for 421 Wyandotte Street
General Information
- Standard status
- Active
- Size
- 2,554 SF
- Property subtype
- Multi-Family / Triplex
Building Details
- Year Built
- 1940
Listing agency
Keller Williams Northwest
(318) 519-7574
Listed by
Zondra Spikes · License #0995697046
(318) 519-7574
Source
Compass
Added: Jun 16, 2025 Updated: Jul 22 at 1:47AM Checked: Jul 22 at 11:19AM
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 Northwest
Investment Insights
Based on property information with market context.
This renovated triplex offers three tenant-occupied units and significant recent improvements throughout the property. Reported upgrades include a new roof, new HVAC, new electrical, and new plumbing, supporting a turnkey appearance for buyers seeking occupied income.
The property is offered for sale as a residential income asset, with showings requiring proof of funds and 48 hours notice. The public remarks also note the ability to purchase this property as part of a package that includes 400 Wyandotte and 408, 412 Wyandotte.
Overall, the asset is presented as a fully renovated, tenant-occupied triplex with upgraded mechanical and building systems.
The property is offered for sale as a residential income asset, with showings requiring proof of funds and 48 hours notice. The public remarks also note the ability to purchase this property as part of a package that includes 400 Wyandotte and 408, 412 Wyandotte.
Overall, the asset is presented as a fully renovated, tenant-occupied triplex with upgraded mechanical and building systems.
Key Highlights
- Renovated 3‑unit triplex with all 3 units tenant occupied
- Extensive recent upgrades: new roof, new HVAC, new electrical, and new plumbing
- Built in 1940 with brick exterior construction and slab foundation
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.2k | $12.60 |
| − Vacancy | −$2.1k | −$0.82 |
| EGI | $30.1k | $11.78 |
| − OpEx | −$9.0k | −$3.53 |
| NOI | $21.1k | $8.25 |
2,554 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$300.9K
$263.3K – $351.0K
NOI $21,062 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$271.1K
$237.2K – $316.2K
NOI $18,974 @ 7.0% cap · market cap 8.25%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Renovated triplex with three tenant-occupied units and extensive recent upgrades including roof, HVAC, electrical, and plumbing.
Where is this triplex 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: Renovated 3‑unit triplex with all 3 units tenant occupied; Extensive recent upgrades: new roof, new HVAC, new electrical, and new plumbing; Built in 1940 with brick exterior construction and slab foundation
