8-Unit Apartment
For Sale
$324,900
1301 Pine St, Texarkana, TX 75501
Eight separate residences include both one- and two-bedroom layouts.
Property Size2,568 SF
Price / SF$126.52
Days on Market8
Property Features for 1301 Pine St
General Information
Standard status
Active
Size
2,568 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR, 4 x 1BR
Multifamily Units
8
Listing Agency:
Impact Realty Group, LLC
(903) 223-0710
Listed By:
Tracy Spradlin · License #AR PB00054602 TX 493069
(903) 748-2477
Source:
Exprealty
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 4 at 2:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Impact Realty Group, LLC
Investment Insights
Based on property information with market context.
This apartment property contains eight units across two bedroom configurations: four one-bedroom apartments and four two-bedroom apartments. The mix provides distinct floor plans within a single multifamily asset.
The building is located at 1301 Pine St in Texarkana, Texas, and contains 2,568 square feet.
The building is located at 1301 Pine St in Texarkana, Texas, and contains 2,568 square feet.
Key Highlights
- Eight‑unit apartment property
- Four one‑bedroom units and four two‑bedroom units
- 2,568 square feet at 1301 Pine St, Texarkana, TX
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
$15,362
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
4.73%
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%
$307,240
$307.2K
Cap Rate 7%
$219,457
$219.5K
Cap Rate 9%
$170,689
$170.7K
Market Conditions
NOI Build-Up for 2,568 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
$31.7K $12.36/SF
− Vacancy
−$3.8K −$1.48/SF
EGI
$27.9K $10.88/SF
− OpEx
−$12.6K −$4.89/SF
NOI
$15.4K $5.98/SF
Area
Bowie County, TX
Vacancy
12.00%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
45.00%
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%
$307,240
Cap Rate 7%
$219,457
Cap Rate 9%
$170,689
Alternative Uses
Best Use
Apartment 5plus
$219.5K
$192.0K – $256.0K
NOI $15,362 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.93M
$1.69M – $2.26M
NOI $135,398 @ 7.0% cap · market cap 41.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
Explore this area
Business Placement
Demographics for 75501, TX
36,423
Population
15,302
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
86%
High-School Grad
96.3 sq mi
ZIP Area
378
Density / Sq Mi
$46,782
Median Household Income
$33,758
Median Earnings
$904
Median Rent
$125,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight separate residences include both one- and two-bedroom layouts.
Where is this apartment building located?
The property is located at 1301 Pine St Texarkana, TX.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Eight‑unit apartment property; Four one‑bedroom units and four two‑bedroom units; 2,568 square feet at 1301 Pine St, Texarkana, TX
