Duplex with Separate
New
For Sale
$115,000
843 College Street, Shreveport, LA 71104
Two independently accessed units offer flexibility for rental occupancy or an owner-occupant arrangement.
Property Size1,280 SF
Price / SF$89.84
Days on Market2
Property Features for 843 College Street
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Highland
Additional Details
Multifamily Units
2
Building Details
Year Built
1948
Listing Agency:
Century 21 Harvey Properties-P
(903) 732-7266
Listed By:
Fritz Realty Group
(469) 789-6769
Source:
Fritzrealtygroup
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 30 at 1:07PM
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 Century 21 Harvey Properties-P
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Investment Insights
Based on property information with market context.
At 843 College Street in Shreveport, this duplex contains 1,280 square feet across two units, each with its own entrance. Constructed in 1948, the property is offered as-is.
The property is near the Highland-Line Avenue corridor, universities, medical facilities, shopping, dining, and downtown Shreveport. Its two-unit configuration supports rental use or occupancy of one unit while the other is rented.
The property is near the Highland-Line Avenue corridor, universities, medical facilities, shopping, dining, and downtown Shreveport. Its two-unit configuration supports rental use or occupancy of one unit while the other is rented.
Key Highlights
- Two‑unit duplex with an individual entrance for each unit
- 1,280 square feet
- Built in 1948
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,556
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,120
$211.1K
Cap Rate 7%
$150,800
$150.8K
Cap Rate 9%
$117,289
$117.3K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$16.1K $12.60/SF
− Vacancy
−$1.0K −$0.82/SF
EGI
$15.1K $11.78/SF
− OpEx
−$4.5K −$3.53/SF
NOI
$10.6K $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 Rate 5%
$211,120
Cap Rate 7%
$150,800
Cap Rate 9%
$117,289
Alternative Uses
Best Use
Multifamily LT 5
$150.8K
$132.0K – $175.9K
NOI $10,556 @ 7.0% cap · market cap 9.18%
Second Best
Apartment 5plus
$135.8K
$118.9K – $158.5K
NOI $9,509 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$270.2K
$236.4K – $315.2K
NOI $18,911 @ 7.0% cap · market cap 16.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,544
Businesses Nearby
Explore this area
Business Placement
Demographics for 71104, LA
13,680
Population
7,160
Households
1.9
Avg Household Size
36
Median Age
31%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
3,508
Density / Sq Mi
$53,481
Median Household Income
$36,693
Median Earnings
$1,071
Median Rent
$163,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two independently accessed units offer flexibility for rental occupancy or an owner-occupant arrangement.
Where is this duplex located?
The property is located at 843 College Street Shreveport, LA.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Two‑unit duplex with an individual entrance for each unit; 1,280 square feet; Built in 1948
