Brick Duplex with Fenced
205/207 Cheyenne Pl, Texarkana, TX 75501
For Sale
$224,500
Residential Income, Texarkana, TX
Property Size1,707 SF
Lot Size0.16 Acres
Price / SF$131.52
Days on Market124
Property Features for 205/207 Cheyenne Pl
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Window features
Interior features
Appliances
Subdivision
Directions
Standard status
Size
Lot size
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Impact Realty Group, LLC
(903) 223-0710
Listed By:
Tracy Spradlin
(903) 748-2477
Added: Jul 12
Changed: Nov 11
Last Checked: Nov 12 at 9:06AM
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.
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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 / Yr
$12,348
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
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
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 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 5.50%
Second Best
Apartment 5plus
$145.9K
$127.7K – $170.2K
NOI $10,212 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$600.5K
$525.4K – $700.6K
NOI $42,033 @ 7.0% cap · market cap 18.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
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 $224,500.
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
