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    Two-Home Residential Income Opportunity Title is generated by Realmo AI

    1304/1306 West End Avenue, Clarksville, TX 75426

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    For Sale
    $99,900

    MULTI_FAMILY - Clarksville, TX

    Lot size:
    0.55 Acres
    Added:
    Jan 20, 2026
    Days on Market:
    135
    Last Refresh:
    Jun 4 at 5:06 pm

    Property Features for 1304/1306 West End Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    3
    Parking features
    Carport
    Interior features
    HighSpeedInternet, CableTv
    Standard status
    Active
    APN
    0-12840-00200-0040-00
    Lot size
    0.55 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1951
    Floors in Building
    1
    Number of units
    2
    Building materials
    Frame
    Roof type
    Composition, Metal

    We can help!

    Listing Contact
    Ashley Kelsoe

    Listing agent Ashley Kelsoe License #0789847

    Listing office Glass Land and Home LLC Paris, TX

    Listing date Jan 20, 2026

    MLS# 21153253 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two homes side by side, each offering 2 bedrooms and 1 bathroom
    • Each residence includes ample storage throughout the home
    • Generously sized lots with large backyards for outdoor use and entertaining
    • Built in 1951 with frame construction
    • Parking includes a carport
    • Utilities include public water and public sewer; roof includes composition and metal

    Overview

    This for-sale package features two homes positioned side by side, each offering a two-bedroom, one-bath layout. Both residences sit on generously sized lots with large backyards, creating practical outdoor space for entertaining, gardening, pets, or future improvements. Inside, each home includes ample storage throughout, supporting everyday convenience for tools, toys, and seasonal items. With renovation potential in place, the opportunity is well suited for cosmetic updates or other value-add changes at your preferred pace.

    The property is located in Clarksville, Texas, in a relaxed small-town setting characterized by quiet streets and a close-knit community feel. The location also provides easy access to schools, balancing privacy with day-to-day convenience.

    For investors, the layout supports a straightforward approach to revive-and-rent or keep both as income producers. For owner-occupants, it allows a flexible plan to live in one home while updating the other, potentially creating immediate equity as improvements are completed. Whether you are building a first rental portfolio or expanding an existing one, this two-home package offers a practical path to future appreciation through controlled renovations and steady rental income potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Red River
    State
    Texas
    Longitude
    -95.061175
    Latitude
    33.605366

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    FAQs

    What type of property is this?
    Single family property - Two side-by-side homes offer flexible live-or-rent options and renovation potential for steady income or resale value.
    Where is this single family property located?
    The property is located at 1304/1306 West End Avenue Clarksville, TX.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Two homes side by side, each offering 2 bedrooms and 1 bathroom; Each residence includes ample storage throughout the home; Generously sized lots with large backyards for outdoor use and entertaining
    (903) 785-8457
    We can help!
    Listing Contact
    Ashley Kelsoe
    Real Estate License ID: 0789847
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    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.

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    1304/1306 West End Avenue, Clarksville, TX 75426
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