Two-Building Quadplex
3204 Robin Lane, Texarkana, TX 75503
For Sale
$1,800,000
Eight townhome residences feature private garages, with a mix of furnished and unfurnished units.
Property Size11,184 SF
Lot Size1.67 Acres
Price / SF$160.94
Days on Market47
Property Features for 3204 Robin Lane
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Amenities
wood flooring
walk-in closets
large kitchens
open living areas
private garages
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
NAI American Realty
Listed By:
Steven Harvey · License TX #617762
(903) 793-2666
Source:
Naiglobal
Added: Sep 24
Last Checked: Nov 8 at 3:48AM
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 NAI American Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2023, this residential portfolio comprises two buildings with four three-bedroom, two-bathroom residences in each. The eight homes provide approximately 1,398 square feet apiece, with wood floors, walk-in closets, large kitchens, open living areas, and private garages. Three residences are furnished and five are unfurnished. The property totals approximately 11,184 square feet on about 1.67 acres and carries TH zoning and PD-21-3 designation.
The Robin Lane address is near Richmond Road, Galleria Oaks Drive, Moores Lane, and Summerhill Road. Nearby services and retail include Walmart Neighborhood Market, Ironwood Grill, Amigo Juan, Dot's Ace Hardware, and Dollar General.
The Robin Lane address is near Richmond Road, Galleria Oaks Drive, Moores Lane, and Summerhill Road. Nearby services and retail include Walmart Neighborhood Market, Ironwood Grill, Amigo Juan, Dot's Ace Hardware, and Dollar General.
Key Highlights
- Two buildings with four residences each; eight units total
- Each residence has 3 bedrooms, 2 bathrooms, and approximately 1,398 square feet
- ±11,184 SF total across the portfolio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,904
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,618,080
$1.6M
Cap Rate 7%
$1,155,771
$1.2M
Cap Rate 9%
$898,933
$898.9K
Market Conditions
NOI Build-Up for 11,184 SF
Gross rent
$124.8K $11.16/SF
− Vacancy
−$9.2K −$0.83/SF
EGI
$115.6K $10.33/SF
− OpEx
−$34.7K −$3.10/SF
NOI
$80.9K $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%
$1,618,080
Cap Rate 7%
$1,155,771
Cap Rate 9%
$898,933
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $80,904 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$955.8K
$836.3K – $1.12M
NOI $66,905 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$3.93M
$3.44M – $4.59M
NOI $275,395 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
Explore this area
Business Placement
Demographics for 75503, TX
25,547
Population
11,464
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
78.5 sq mi
ZIP Area
325
Density / Sq Mi
$67,733
Median Household Income
$43,508
Median Earnings
$1,185
Median Rent
$214,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Eight townhome residences feature private garages, with a mix of furnished and unfurnished units.
Where is this quadplex located?
The property is located at 3204 Robin Lane Texarkana, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two buildings with four residences each; eight units total; Each residence has 3 bedrooms, 2 bathrooms, and approximately 1,398 square feet; ±11,184 SF total across the portfolio
