Duplex with Additional
For Sale
$220,000
2019 Elizabeth St, Texarkana, TX 75501
The two-unit property includes one occupied apartment, one vacant apartment, and a separate structure requiring substantial renovation.
Property Size1,440 SF
Lot Size0.38 Acres
Price / SF$152.78
Days on Market10
Property Features for 2019 Elizabeth St
General Information
Standard status
Active
Size
1,440 SF
Lot size
0.38 Acres
Property subtype
Residential Income
Property Condition
Severity
Major Repairs Needed
Evidence
damaged by fire and needs an extensive remodel
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Buildings
2
Construction
brick
Listing Agency:
Dixie-Douglas, LLC. dba Real Estates Rambo
(903) 701-7856
Listed By:
Paloma Quintana Avila
(903) 809-3483
Source:
Exprealty
Added: Oct 5
Changed: Oct 13
Last Checked: Oct 13 at 2:29AM
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 Dixie-Douglas, LLC. dba Real Estates Rambo
Investment Insights
Based on property information with market context.
At 2019 Elizabeth St in Texarkana, this brick duplex contains 1,440 square feet on a 0.38-acre parcel. Its two apartments are arranged one above the other, with each offering two bedrooms and one bathroom. The lower unit is occupied, while the upper apartment is vacant.
A second building on the property sustained fire damage and requires extensive remodeling. The property is being sold as-is.
A second building on the property sustained fire damage and requires extensive remodeling. The property is being sold as-is.
Key Highlights
- Brick, up‑and‑down duplex with 1,440 square feet
- Two 2‑bedroom, 1‑bath apartments; lower unit occupied and upper unit vacant
- 0.38‑acre lot includes a second building with fire damage and extensive remodeling needs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,417
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,340
$208.3K
Cap Rate 7%
$148,814
$148.8K
Cap Rate 9%
$115,744
$115.7K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$16.1K $11.16/SF
− Vacancy
−$1.2K −$0.83/SF
EGI
$14.9K $10.33/SF
− OpEx
−$4.5K −$3.10/SF
NOI
$10.4K $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 Rate 5%
$208,340
Cap Rate 7%
$148,814
Cap Rate 9%
$115,744
Alternative Uses
Best Use
Multifamily LT 5
$148.8K
$130.2K – $173.6K
NOI $10,417 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$123.1K
$107.7K – $143.6K
NOI $8,614 @ 7.0% cap · market cap 3.92%
Theoretical Best
Hotel Hospitality
$1.08M
$949.1K – $1.27M
NOI $75,924 @ 7.0% cap · market cap 34.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
806
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property includes one occupied apartment, one vacant apartment, and a separate structure requiring substantial renovation.
Where is this duplex located?
The property is located at 2019 Elizabeth St Texarkana, TX.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Brick, up‑and‑down duplex with 1,440 square feet; Two 2‑bedroom, 1‑bath apartments; lower unit occupied and upper unit vacant; 0.38‑acre lot includes a second building with fire damage and extensive remodeling needs
