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131 E Gregg St, Shreveport, LA, 71104

--beds
--baths
1,124sqft
$46,000
$41price/sqft
$463/moest. monthly cost
$18,520/yrincome needed

About This Home

The seller prefers a PACKAGE SALE ONLY! 49 property, 50 unit residential portfolio in Shreveport Bossier City, LA. Seller is offering the portfolio only as one complete package and discourages individual offers. No creative financing, seller financing, subject to, wrap, lease option, or owner financed terms offered. Cash, DSCR, portfolio loan, or verifiable third party financing only. This portfolio offers immediate income with upside through lease renewals, vacant unit stabilization, and rent growth toward projected market rents. The package includes mostly single family rental homes with a mix of occupied, renewed, Section 8, and value add vacant units. Bedroom counts range from 1 bedroom units to 4 bedroom homes, with many leases extending into 2026 and 2027. According to the provided rent roll, current rental income is approximately $34,905 per month, or $418,860 annualized. Projected stabilized rent is approximately $50,056 per month, or $600,672 annually, once vacant units are leased and rents are moved closer to target levels. Estimated 2025 insurance is $24,102.92 and estimated 2025 city and parish taxes are $26,500.16. Rental income is subject to change as units may be leased, renewed, vacated, or adjusted while listed. The value add opportunity includes leasing vacant inventory, completing turns or inspections, renewing tenants at market supported rents, and tightening operations. Highlights include 50 total units, Shreveport Bossier locations, mostly SF rental housing, current rent of approximately $34,905 per month, projected stabilized rent of approximately $50,056 per month, and a mix of occupied, vacant, renewed, and Section 8 units. Financials, rent roll, property level details, and due diligence materials are available to qualified buyers upon request. Buyer must provide proof of funds or lender preapproval before receiving full documentation or scheduling property access. Please do not disturb tenants.

Getting Around

48
WalkingCar-Dependent
0
TransitVery Limited Transit
43
BikeSomewhat Bikeable

Schools

8/10
4/10
Broadmoor STEM AcademyGrades PK-80.5 mi
7/10
C.E. Byrd High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1994

Materials

  • Foundation: Other
  • Roof: Other
  • Construction materials: Other

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Features

  • Other
  • Flooring: Other

Heating & Cooling

  • Heating features: Other
  • Cooling features: Other

Interior Area

  • Total structure area: 1,124
  • Total interior livable area: 1,124 sqft

Property

Details

  • Parcel number: 171317003002500

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 5,401 sqft

Parking

  • Total spaces: 2
  • Parking features: Other

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Ice Storm
Hail
Heat Wave
Lightning
Strong Wind

FEMA Declared Disasters Across Louisiana Counties

Flood
Hurricane
Severe Storm
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $232$2,784
Home Insurance *$58$696
Property Taxes $26$312
Electricity $147$1,773
Total$463$5,556
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$15,874/yr
40% on housing$13,890/yr
45% on housing$12,346/yr

Louisiana FAIR Plan Programs

Louisiana Citizens Property Insurance Corporation

Covered
WildfireWildfire
Visit Website →

Louisiana Citizens Property Insurance Corporation - Coastal Plan

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 151,075Commercial: 10,572
Total Premiums$518.28M
Total Exposure$41.71B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.8%
12.8%
0%30.0%
Electricity Growth Rate10-year average: 5.3%
5.3%
0%15.0%
Property Taxes Growth Rate2-year average: -2.6%
-2.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$41This listing

vs Other Active Listings

Avg $/sqft

ZIP 71104$82
Caddo Parish$106

vs Homes Sold Last Month

Median $/sqft

ZIP 71104$102
Caddo Parish$118

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-29Listed for sale$46,000
2024-11-20Sold--
2024-11-18Pending sale$43,000
2024-08-19Listed for sale$43,000
2024-02-07Listing removed--
2024-02-06Listed for rent$715
2019-10-15Listing removed$650
2019-09-10Listed for rent$650
2018-06-30Listing removed$650
2018-06-07Listed for rent$650
2017-11-28Listing removed$650
2017-10-18Listed for rent$650
2017-03-22Listing removed$650
2017-02-09Price change$650
2017-01-19Listed for rent$695
2016-03-28Listing removed$700
2016-03-08Listed for rent$700
2015-03-26Listing removed$700
2015-03-06Listed for rent$700
2014-06-13Sold--
2014-05-19Listing removed$700
2014-05-17Listed for rent$700

For Sale by Agent

AgentLee Nugent
BrokeragePinnacle Realty Advisors

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