Duplex with Private Fenced
For Sale
$230,000
205/207 Cheyenne Pl, Texarkana, TX 75501
MULTI_FAMILY - Other - Texarkana, TX
Property Size1,707 SF
Lot Size0.16 Acres
Price / SF$134.74
Days on Market49
Property Features for 205/207 Cheyenne Pl
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 2, Bathroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1
Window features
Double Pane Windows
Interior features
Ceiling Fan(s)
Appliances
Dishwasher, Electric Range, Free-Standing Range
Subdivision
Brookwood Acres
Directions
Take Belt road, turn on Apache Trail, turn on Cheyenne
Standard status
Active
Size
1,707 SF
Lot size
0.16 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private fenced backyards
Building Details
Year built
2003
Floors in Building
1
Number of units
2
Flooring type
Plank, Vinyl
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Impact Realty Group, LLC
(903) 223-0710
Listed By:
Tracy Spradlin · License #AR PB00054602 TX 493069
(903) 748-2477
Added: Jun 25
Changed: Aug 12
Last Checked: Aug 12 at 3:06AM
MLS# 205380
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 duplex is designed for rental living, with each unit offering two bedrooms and two bathrooms. Both units include private fenced backyards, providing added outdoor space and privacy.
The property is a brick construction home built in 2003. Interior features include ceiling fan(s), and the home is supported by central heating and central air conditioning. Appliances listed include a dishwasher, an electric range, and a free-standing range. Flooring includes plank and vinyl.
Utilities and services are provided through public water and public sewer. The roof is composition, and the home is heated and cooled via central systems.
The property is a brick construction home built in 2003. Interior features include ceiling fan(s), and the home is supported by central heating and central air conditioning. Appliances listed include a dishwasher, an electric range, and a free-standing range. Flooring includes plank and vinyl.
Utilities and services are provided through public water and public sewer. The roof is composition, and the home is heated and cooled via central systems.
Key Highlights
- Duplex with two‑bedroom, two‑bath layout in each unit
- Private fenced backyard for each unit
- Brick construction, built in 2003
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
$12,348
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
5.37%
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%
$246,960
$247.0K
Cap Rate 7%
$176,400
$176.4K
Cap Rate 9%
$137,200
$137.2K
Market Conditions
NOI Build-Up for 1,707 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
$19.1K $11.16/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$17.6K $10.33/SF
− OpEx
−$5.3K −$3.10/SF
NOI
$12.3K $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%
$246,960
Cap Rate 7%
$176,400
Cap Rate 9%
$137,200
Alternative Uses
Best Use
Multifamily LT 5
$176.4K
$154.4K – $205.8K
NOI $12,348 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$145.9K
$127.7K – $170.2K
NOI $10,212 @ 7.0% cap · market cap 4.44%
Theoretical Best
Hotel Hospitality
$1.29M
$1.13M – $1.50M
NOI $90,002 @ 7.0% cap · market cap 39.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
614
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?
Duplex - Duplex featuring two-bedroom, two-bath units with private fenced backyards and central HVAC on public utilities.
Where is this duplex located?
The property is located at 205/207 Cheyenne Pl Texarkana, TX.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Duplex with two‑bedroom, two‑bath layout in each unit; Private fenced backyard for each unit; Brick construction, built in 2003
