$245,000

240 Olive St Shreveport, LA 71104

Highland/Stoner Hill Neighborhood

Estimated payment $1,387/month

Total Views 110
8 Beds
4 Baths
4,116 Sq Ft
$60 Price per Sq Ft

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • 4-minute walk to Highland Park
  • Fairfield Magnet School Rated A-
  • 4 Detached Carport Spaces

About This Home

Exceptional investment opportunity in Shreveport’s desirable Highland area! This well-maintained quadplex offers four spacious 2-bed, 2-bath units, each approximately 900 sq ft with comfortable layouts ideal for long-term tenants. Strong rental demand in this centrally located neighborhood — just minutes from Centenary College, downtown, hospitals, shopping, and major corridors. Property features ample parking, easy access, and solid income potential. Perfect addition to any real estate portfolio with room to increase rents. Whether you’re a seasoned investor or just expanding your holdings, this fully occupied four-unit property is a must-see! Seller will do no repairs. 240 VACANT, 240 and a half OCCUPIED for twelve years, 242 OCCUPIED, 242 and a half VACANT

Listing Agent

Eunice Johnson-Strickland.

EXP Realty, LLC Brokerage Phone: 318-266-8566 License #0995690084 Listed on: 12/11/2025

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,173

Year Built

  • Built in 1957

Parking

  • 4 Detached Carport Spaces

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Mixed Roof Materials

Kitchen

  • Eat-In Kitchen
  • Gas Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Schools

  • Caddo Isd Schools Elementary School
  • Caddo Isd Schools High School

Additional Features

  • 2-Story Property
  • 9,278 Sq Ft Lot
  • Window Unit Cooling System

Listing and Financial Details

  • Legal Lot and Block 49 / 4
  • Assessor Parcel Number 171306021011400

Community Details

Overview

  • 4 Units
  • 4,116 Sq Ft Building
  • Opo Sub Subdivision

Building Details

  • Gross Income $14,400
  • Net Operating Income $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,173

Year Built

Built in 1957

Lot Details

0

Listing Details

  • OWNERNAME: cic
  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Attribution Contact: 318-266-8566
  • CapRate: 4.9
  • Co List Office Mls Id: EXPR02NL
  • HumanModifiedYN: Yes
  • UniversalParcelId: urn:reso:upi:2.0:US:22017:171306021011400
  • Special Features: VirtualTour
  • Year Built: 1957

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Flooring: Hardwood, Tile
  • Appliances: Gas Range

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

  • Foundation: Slab
  • Roof: Mixed
  • Construction Materials: Brick
  • Pool Features: None
  • Waterfront: No

Garage/Parking

  • Cooling System: Window Unit(s)
  • Carport Spaces: 4.0
  • Parking Features: Detached Carport
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Other
  • Utilities: Electricity Available, Sewer Available, Water Available

Schools

  • Elementary School: Caddo ISD Schools
  • High School: Caddo ISD Schools
  • Junior High Dist: Caddo PSB

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.213
  • Parcel Number: 171306021011400
  • Lot Size Acres: 0.213
  • Lot Size Sq Ft: 9278.28

Building Info

  • Year Built: 1957
  • Units Total: 4

Multi Family

  • Insurance Expense: 2400.0
  • Annual Gross Income: 14400.0
  • Property Net Operating Income: 12000.0

Tax Info

  • TaxBlock: 4
  • Tax Lot: 49
  • Tax Annual Amount: 1173.0

MLS Schools

  • MiddleOrJuniorSchool: Caddo ISD Schools

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2025 12/11/25 For Sale $245,000 -- $60 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21118755

North Texas Real Estate Information Systems (NTREIS)
Louisiana Caddo Parish Shreveport 71101 Highland/Stoner Hill

240 Olive St, Shreveport, LA

For Sale

MultiFamily

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Nearby Homes
Listing Agent
Eunice Johnson-Strickland.
Section Image
EXP Realty, LLC
(318) 714-4459