Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    401-403 Cheyenne Pl Texarkana, TX 75503

    View on Map
    Claim this Listing
    New
    For Sale
    $275,000

    MULTI_FAMILY - Texarkana, TX

    Property size:
    1,088 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $252/SF
    Added:
    May 7, 2026
    Days on Market:
    1
    Last Refresh:
    May 7 at 9:06 am

    Property Features for 401-403 Cheyenne Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 3
    Parking features
    Open
    Window features
    Double Pane Windows
    Appliances
    Dishwasher, Electric Range, Refrigerator
    Standard status
    Active
    Size
    1,088 SF
    Lot size
    0.20 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2005
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Carpet
    Building materials
    Brick, Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Heather Thompson

    Listing agent Heather Thompson License #SA00057604

    Listing office Better Homes & Gardens Real Estate Infinity 4602 McKnight Rd, Texarkana, TX

    Listing date May 7, 2026

    MLS# 204956 Listing URL

    Copyright © 2026 Texarkana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑generating property with two currently leased units.
    • Located in a cul‑de‑sac.
    • Both units have 2 bathrooms.
    • Conveniently located near Christus St. Michael Hospital, grocery stores, and Target.
    • Features TISD schools.
    • Parking accommodates 4 vehicles.

    Overview

    Texarkana Income Property For Sale

    This attractive two-unit income property features two-story dwellings situated on a 0.20-acre lot in a cul-de-sac. Parking is available for up to four vehicles. Unit #401 is a three-bedroom, two-bathroom unit with a monthly rent of $950. Unit #403 is a two-bedroom, two-bathroom unit with a monthly rent of $920. Both units are currently leased. The property is located within the Texarkana Independent School District (TISD), approximately two miles from Christus St. Michael Hospital, and about one mile from grocery stores and Target. The property size is 1,088 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.0860037
    Latitude
    33.4490356

    Nearby Similar for Sale

    • $500,000
      3,800 SF

      Texarkana Commercial Facility For Sale

      Versatile commercial facility on 2.67 acres with highway frontage.
      6466 S Hwy 59, Texarkana, TX 75501
      View Details
    • $495,000
      2,700 SF

      Restaurant Ready for New Venture

      Well-equipped restaurant near Hwy 67 W and school property.
      217 Redwater BLVD, Texarkana, TX 75501
      View Details
    • $900,000
      7,425 SF

      Texarkana Commercial Building For Sale

      Iconic location with a large building suitable for office or retail.
      3033 Kennedy Lane, Texarkana, TX 75503
      View Details
    • $175,000
      3,000 SF

      Versatile Building on High-Visibility Corner

      Turnkey training, office, or light industrial space in Texarkana.
      3005 S Lake Drive, Texarkana, TX 75501
      View Details
    • $175,000
      3,000 SF

      Texarkana Office/Training Facility For Sale

      Versatile metal building ideal for training, office, or light industrial.
      3005 S Lake Drive, Texarkana, TX 75501
      View Details
    • $550,000
      4,503 SF

      Texarkana Law Office For Sale

      Custom-built office building with 10+ offices in a prime location.
      3512 Texas Blvd, Texarkana, TX 75503
      View Details
    • $656,000

      Texarkana Office/Medical Office Opportunity

      Two-story office building near Christus Health in Texarkana, Texas.
      921 Texas Boulevard, Texarkana, TX 75501
      View Details
    • $550,000
      4,503 SF

      Texarkana Law Office Building

      Custom-built office with 10+ offices, perfect for professional practices.
      3512 Texas Boulevard, Texarkana, TX 75503
      View Details
    • $469,000
      1,800 SF

      Texarkana Commercial Property For Sale

      Prime commercial property in Texarkana with long-term lease and 8.5 CAP.
      3725 N State Line Ave, Texarkana, TX 75503
      View Details
    • $350,000
      2,272 SF

      Event Venue with Creekside Ceremony

      Exceptional wedding and event venue with indoor and outdoor spaces.
      4600 Rose Acres, Texarkana, TX 75503
      View Details
    • $325,000
      1,200 SF

      Texarkana Commercial Property For Sale

      Commercial property in Texarkana, TX, suitable for auto-related businesses.
      2007 Texas Blvd., Texarkana, TX 75501
      View Details
    • $500,000

      Prime Location Near A&M University

      Excellent location for various businesses near A&M University.
      6224 Richmond Rd, Texarkana, TX 75503
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit income property in Texarkana, Texas, currently leased.
    Where is this duplex located?
    The property is located at 401-403 Cheyenne Pl Texarkana, TX.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Income‑generating property with two currently leased units.; Located in a cul‑de‑sac.; Both units have 2 bathrooms.
    (903) 826-4357
    We can help!
    Listing Contact
    Heather Thompson
    Real Estate License ID: SA00057604
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    401-403 Cheyenne Pl, Texarkana, TX 75503
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!