Three-Unit Brick
New
For Sale
$305,000
1 & 3 Pinto Circle, Texarkana, TX 75503
Residential Income, Texarkana, TX
Property Size3,466 SF
Lot Size0.31 Acres
Price / SF$87
Days on Market5
Property Features for 1 & 3 Pinto Circle
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bedroom 9, Bedroom 7, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 8, Bedroom 4, Bathroom 3, Bathroom 1
Interior features
Ceiling Fan(s)
Appliances
Dishwasher, Electric Range, Microwave
Subdivision
Cooper Lane Estates
Directions
Take Kings Hwy to Cooper Lane, turn on Galloping Way, tri-plex is on the corner of Galloping Way & Pinto Circle
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
Size
3,466 SF
Lot size
0.31 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Number of units
3
Flooring type
Carpet, Tile - Ceramic
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Impact Realty Group, LLC
(903) 223-0710
Listed By:
Tracy Spradlin · License #AR PB00054602 TX 493069
(903) 748-2477
Added: Aug 18
Changed: Aug 21
Last Checked: Aug 22 at 6:06AM
MLS# 205839
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.
Investment Insights
Based on property information with market context.
This 3,466-square-foot triplex, built in 2004, contains three residential units, each with 3 bedrooms, 2 bathrooms, a family room, and a kitchen with cabinet storage. Brick construction, composition roofing, central heating, and electric central air support the property’s core improvements. Unit features include ceiling fans, dishwashers, electric ranges, microwaves, carpet, and ceramic tile flooring.
Set on 0.31 acres at 1 & 3 Pinto Circle in Texarkana, the property is associated with Pleasant Grove ISD. Public water and public sewer serve the site, providing established utility connections for the three-unit configuration.
Set on 0.31 acres at 1 & 3 Pinto Circle in Texarkana, the property is associated with Pleasant Grove ISD. Public water and public sewer serve the site, providing established utility connections for the three-unit configuration.
Key Highlights
- Three‑unit triplex with 3 bedrooms and 2 bathrooms in each unit
- 3,466 square feet on 0.31 acres
- Built in 2004 with brick construction and composition roofing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,073
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$501,460
$501.5K
Cap Rate 7%
$358,186
$358.2K
Cap Rate 9%
$278,589
$278.6K
Market Conditions
NOI Build-Up for 3,466 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.7K $11.16/SF
− Vacancy
−$2.9K −$0.83/SF
EGI
$35.8K $10.33/SF
− OpEx
−$10.7K −$3.10/SF
NOI
$25.1K $7.23/SF
Area
Bowie County, TX
Vacancy
7.40%
Lease Rate
$11.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$501,460
Cap Rate 7%
$358,186
Cap Rate 9%
$278,589
Alternative Uses
Best Use
Multifamily LT 5
$358.2K
$313.4K – $417.9K
NOI $25,073 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$296.2K
$259.2K – $345.6K
NOI $20,734 @ 7.0% cap · market cap 6.80%
Theoretical Best
Hotel Hospitality
$2.61M
$2.28M – $3.05M
NOI $182,745 @ 7.0% cap · market cap 59.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 75503, TX
25,547
Population
11,464
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
78.5 sq mi
ZIP Area
325
Density / Sq Mi
$67,733
Median Household Income
$43,508
Median Earnings
$1,185
Median Rent
$214,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer matching bedroom and bathroom layouts with family rooms and kitchens.
Where is this triplex located?
The property is located at 1 & 3 Pinto Circle Texarkana, TX.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Three‑unit triplex with 3 bedrooms and 2 bathrooms in each unit; 3,466 square feet on 0.31 acres; Built in 2004 with brick construction and composition roofing
