$2,969
closing credit¹
407 Stoner Ave Shreveport, LA 71101
Property details
About 407 Stoner Ave
Investment Opportunity! 8-Plex Rental Property with Huge Potential! This 8-unit rental property is an incredible opportunity to add value and build long-term wealth. This is sold together with a 5-unit complex at 405 Stoner Ave that is priced separately at $150,000, totaling 13 Units for a sales price of $400,000. These multi-unit buildings are ready for completion to maximize their income potential. Some remodeling has already been started, but additional work is needed to bring these properties to full market potential. The 8 Plex has an estimated $100,000 in renovations needed, bringing the total investment to $350,000 and could yield a market value of approximately $450,000. Once fully rented, this 8 unit property has a potential annual revenue of $62,400. The 5 Plex has an estimated $75,000 in renovations needed, bringing the total investment of it to $225,000 and could yield a market value of approximately $300,000. Once fully rented, the 5 unit property has a potential annual revenue of $39,000. All together the sales price is $400,000 for 13 units, with $175,000 of estimated renovations needed, bringing the total investment of it to $575,000 yielding a potential market value of approximately $750,000. Once fully rented the 13 units have the potential annual revenue of $101,400 -A great return on investment! Whether you're a seasoned investor or looking to start your real estate portfolio, this is a rare chance to secure multi-unit rentals with built-in equity. Don’t miss out!
Highlights
Virtual tour
Summary
- MLS Number: 20839242
- MLS Name: NTR
- Office Name: Pinnacle Realty Advisors
- Office Phone: (318) 233-1045
- Listing Agent: Christopher Holloway
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Last updated on: 2/10/2025, 5:15:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$250,000
407 Stoner Ave
$2,969
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 06, 2023 | Home Sold | $110,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $4,510 | $718 |
| 2022 | $4,510 | $718 |
| 2021 | $4,510 | $587 |
| 2020 | $4,510 | $707 |
| 2019 | $4,510 | $729 |
| 2018 | $4,510 | $732 |
History based on county public records data.
Nearby schools
5
Creswell Elementary School
Public District PK-5
1.2 mi
•2901 Creswell Ave
1
E. B. Williams Stoner Hill Elementary School
Public District PK-5
1.2 mi
•2127 C E Galloway Blvd
5
Central Park Elementary School
Public District PK-5
1.6 mi
•900 Central Park Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $24,402. The majority of Shreveport, LA residents have income less than $<35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
UFC
Where do the neighbors shop?
Family Dollar
Burlington
Forever 21
Where do the neighbors go to eat?
Church's Chicken
Cicis Pizza
Burger King
What do the neighbors drive?
Cadillac
Pontiac
Buick
What do the neighbors listen to?
Jazz
Urban Contemporary
Rhythmic Contemporary Hits
Frequently asked questions
About 407 Stoner Ave
This home is located at 407 Stoner Ave in Shreveport, LA and zip code 71101 in the Highland neighborhood. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since February 7, 2025 and is currently priced at $250,000.
While more than 18 listings in Shreveport, LA in January 2025 were sold above asking price, there were more than 47 listings sold at asking price, and more than 68 were sold below. The inventory of homes for sale in Shreveport, LA between December and January 2025 increased by 5.4%. The median list price of listings available in January 2025 was $185,000, while the average time on the real estate market was 28 days.