Four-Unit
For Sale
$499,000
705 Ockley Drive, Shreveport, LA 71106
Income-producing residential property with four separately configured units and established neighborhood positioning.
Property Size5,328 SF
Price / SF$93.66
Days on Market268
Property Features for 705 Ockley Drive
General Information
Standard status
Active
Size
5,328 SF
Total Parking Spaces
8
Property subtype
Multi-Family / Fourplex
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,418
Amenities
Wall/Window Unit(s)
Natural Gas
Carpet, Ceramic Tile, Hardwood, Laminate
Gas Range
High Speed Internet Available
No
Fiberglass
Two
2
Slab
Public Records
4
Brick
Building Details
Year Built
1946
Buildings
1
Listing Agency:
RE/MAX UNITED
(318) 564-9558
Listed By:
Ragan Terzia · License #0995705666
(318) 564-9558
Source:
Compass
Added: Dec 5, 2025
Changed: Aug 29
Last Checked: Aug 29 at 3:55PM
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 quadplex contains 5,328 square feet and was built in 1946. The property includes four residential units, with each unit offering two bedrooms and two bathrooms. Interior features include wall/window unit(s), natural gas service, gas ranges, and a mix of carpet, ceramic tile, hardwood, and laminate flooring. High-speed internet is available.
Located at 705 Ockley Drive in Shreveport’s South Highlands area, the property provides a multifamily configuration suited to residential rental use. The building’s exterior includes brick construction and a slab foundation.
Located at 705 Ockley Drive in Shreveport’s South Highlands area, the property provides a multifamily configuration suited to residential rental use. The building’s exterior includes brick construction and a slab foundation.
Key Highlights
- Four‑unit quadplex with 2 bedrooms and 2 bathrooms in each unit
- 5,328 square feet of multifamily space
- Built in 1946
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,938
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$878,760
$878.8K
Cap Rate 7%
$627,686
$627.7K
Cap Rate 9%
$488,200
$488.2K
Market Conditions
NOI Build-Up for 5,328 SF
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.
Gross rent
$67.1K $12.60/SF
− Vacancy
−$4.4K −$0.82/SF
EGI
$62.8K $11.78/SF
− OpEx
−$18.8K −$3.53/SF
NOI
$43.9K $8.25/SF
Area
Shreveport, LA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$878,760
Cap Rate 7%
$627,686
Cap Rate 9%
$488,200
Alternative Uses
Best Use
Multifamily LT 5
$627.7K
$549.2K – $732.3K
NOI $43,938 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$565.4K
$494.8K – $659.7K
NOI $39,581 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$1.12M
$984.0K – $1.31M
NOI $78,718 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Explore this area
Business Placement
Demographics for 71106, LA
34,906
Population
15,415
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
33.2 sq mi
ZIP Area
1,051
Density / Sq Mi
$77,724
Median Household Income
$48,949
Median Earnings
$890
Median Rent
$310,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing residential property with four separately configured units and established neighborhood positioning.
Where is this quadplex located?
The property is located at 705 Ockley Drive Shreveport, LA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2 bedrooms and 2 bathrooms in each unit; 5,328 square feet of multifamily space; Built in 1946
