Renovated Triplex
For Sale
$289,900
1302 Bowie, Texarkana, TX 75501
Two units were recently renovated, with a bedroom mix suited to varied residential leasing needs.
Property Size3,083 SF
Days on Market121
Property Features for 1302 Bowie
General Information
Standard status
Active
Size
3,083 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Building Details
Building Size
3,083 SF
Year Built
1950
Stories
2
Units
3
Listing Agency:
Fathom Realty-TX
(903) 306-9009
Listed By:
Ashly King · License #AR SA00086546 TX 717562
(903) 306-9009
Source:
Texarkanalegacygroup
Added: Apr 17
Changed: Aug 14
Last Checked: Aug 14 at 6:10AM
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 Fathom Realty-TX
Investment Insights
Based on property information with market context.
This triplex, built in 1950, contains three residential units with a varied bedroom configuration. Units A and B each offer 3 bedrooms and 1 bath, while Unit C includes 2 bedrooms and 1 bath. Units B and C have undergone recent renovations, providing updated elements within the property’s residential layout.
The roof is approximately 4 years old. The property is located at 1302 Bowie in Texarkana, Texas, and offers a three-unit configuration with separate residential spaces for multifamily ownership or operation.
The roof is approximately 4 years old. The property is located at 1302 Bowie in Texarkana, Texas, and offers a three-unit configuration with separate residential spaces for multifamily ownership or operation.
Key Highlights
- Three‑unit property with two 3‑bedroom units and one 2‑bedroom unit
- Unit A: 3 bedrooms and 1 bath
- Unit B: 3 bedrooms and 1 bath; recently renovated
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
$22,302
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
7.69%
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%
$446,040
$446.0K
Cap Rate 7%
$318,600
$318.6K
Cap Rate 9%
$247,800
$247.8K
Market Conditions
NOI Build-Up for 3,083 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
$34.4K $11.16/SF
− Vacancy
−$2.5K −$0.83/SF
EGI
$31.9K $10.33/SF
− OpEx
−$9.6K −$3.10/SF
NOI
$22.3K $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%
$446,040
Cap Rate 7%
$318,600
Cap Rate 9%
$247,800
Alternative Uses
Best Use
Multifamily LT 5
$318.6K
$278.8K – $371.7K
NOI $22,302 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$263.5K
$230.5K – $307.4K
NOI $18,443 @ 7.0% cap · market cap 6.36%
Theoretical Best
Hotel Hospitality
$2.32M
$2.03M – $2.71M
NOI $162,551 @ 7.0% cap · market cap 56.07%
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
284
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
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 - Two units were recently renovated, with a bedroom mix suited to varied residential leasing needs.
Where is this triplex located?
The property is located at 1302 Bowie Texarkana, TX.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Three‑unit property with two 3‑bedroom units and one 2‑bedroom unit; Unit A: 3 bedrooms and 1 bath; Unit B: 3 bedrooms and 1 bath; recently renovated
