# 3940 Wallace Avenue, Shreveport, LA 71108

> **TL;DR:** residential multi family, $80,000, built 1999. Est. $428/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $80,000 |
| Year Built | 1999 |
| Lot Size | 11,543 sqft (0.26 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | Active Under Contract |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $405 |
| Estimated Insurance | $23 |
| **Total** | **$428** |

## Property Highlights

- Built in 1999
- 0.27 acre lot
- 2 parking spaces

## Description

### Agent Description
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.

## Location

- **Address:** 3940 Wallace Avenue, Shreveport, LA 71108
- **County:** Caddo
- **Neighborhood:** Vernon Anx
- **Coordinates:** 32.46759, -93.767485
- **Google Maps:** https://www.google.com/maps?q=32.46759,-93.767485

## Listing Agent

- **Name:** Lee Nugent
- **Brokerage:** Pinnacle Realty Advisors
- **Broker Phone:** (318) 347-3332
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/3940-Wallace-Ave_Shreveport_LA_71108_M88328-75434?f=listhub&s=NTREIS&m=21302667&c=propsimple)

## Photos

![3940 Wallace Avenue - Photo 1](http://lh.rdcpix.com/e7c5c7cd07d3ccfc06a815e024c5cf98l-f493021832r.jpg)

![3940 Wallace Avenue - Photo 2](http://lh.rdcpix.com/e7c5c7cd07d3ccfc06a815e024c5cf98l-f3072320430r.jpg)

---

**MLS#:** 21302667 | **Updated:** 2026-10-21
**Source:** listhub

*Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/3940-wallace-avenue-shreveport-la-71108-722dcf085b024d4fa31c2d98b1368154)

---

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