Brick Duplex with Fenced
For Sale
$230,000
205/207 Cheyenne Pl, Texarkana, TX 75501
Residential Income, Texarkana, TX
Property Size1,707 SF
Lot Size0.16 Acres
Price / SF$134.74
Days on Market96
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
Bathroom 4, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 2, 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: Sep 16
Last Checked: Sep 28 at 8:06AM
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 2003 brick duplex contains 1,707 square feet across two residential units. Each unit includes two bedrooms, two bathrooms, a private fenced backyard, central heating and central air. Interior finishes include plank and vinyl flooring, ceiling fans, dishwashers, and electric ranges. Composition roofing and public water and sewer service complete the property’s core improvements.
Located in Texarkana, Texas, the property is identified as 205/207 Cheyenne Pl and sits on 0.16 acres. The duplex configuration provides separate living spaces within one income-producing residential asset, with four bedrooms and four bathrooms represented across the two units.
Located in Texarkana, Texas, the property is identified as 205/207 Cheyenne Pl and sits on 0.16 acres. The duplex configuration provides separate living spaces within one income-producing residential asset, with four bedrooms and four bathrooms represented across the two units.
Key Highlights
- Two‑unit duplex with 1,707 square feet of total property size
- Each unit includes 2 bedrooms and 2 bathrooms
- Private fenced backyard provided for each unit
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
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
631
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 - Each residence offers two bedrooms, two bathrooms, and a private fenced backyard.
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: Two‑unit duplex with 1,707 square feet of total property size; Each unit includes 2 bedrooms and 2 bathrooms; Private fenced backyard provided for each unit
