Texarkana Triplex Investment
1302 Bowie Texarkana, TX 75501
For Sale
$289,900
MULTI_FAMILY - Other - Texarkana, TX
Property Size3,083 SF
Lot Size0.22 Acres
Price / SF$94.03
Days on Market93
Property Features for 1302 Bowie
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 7, Bathroom 3, Bedroom 8, Bedroom 4
- Parking features
- Garage
- Interior features
- Ceiling Fan(s)
- Appliances
- Electric Cooktop, Electric Oven, Refrigerator
- Standard status
- Active
- Size
- 3,083 SF
- Lot size
- 0.22 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating)
- Cooling system
- Ductless, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Carpet, Tile
- Building materials
- Shingle Siding
- Roof type
- Composition
- Architectural style
- Other
Listing Agency:
Fathom Realty-TX
(888) 455-6040
Listed By:
Ashly King · License #AR SA00086546 TX 717562
(903) 306-9009
Added: Apr 24
Changed: Jul 12
Last Checked: Jul 25 at 12:06PM
MLS# 204844
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 triplex presents an investment opportunity with income potential. The property comprises three units: Unit A features 3 bedrooms and 1 bath, Unit B includes 3 bedrooms and 1 bath, and Unit C offers 2 bedrooms and 1 bath. Units B and C have undergone recent renovations, enhancing their appeal and rental value. The roof is approximately 4 years old. Situated on a lot of 0.215 acres, the property has a size of 3083 square feet. This property, located in Texarkana, Texas, is suited for both experienced and new investors.
Key Highlights
- Triplex with 3 units: Unit A (3 bed/1 bath), Unit B (3 bed/1 bath), and Unit C (2 bed/1 bath)
- Units B and C have been recently renovated
- Roof is approximately 4 years old
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.4k | $11.16 |
| − Vacancy | −$2.5k | −$0.83 |
| EGI | $31.9k | $10.33 |
| − OpEx | −$9.6k | −$3.10 |
| NOI | $22.3k | $7.23 |
3,083 SF · lease $11.16/SF/yr · vacancy 7.40% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with strong income potential, recently renovated units.
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: Triplex with 3 units: Unit A (3 bed/1 bath), Unit B (3 bed/1 bath), and Unit C (2 bed/1 bath); Units B and C have been recently renovated; Roof is approximately 4 years old
