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    Lufkin Multifamily Property with Guest House Title is generated by Realmo AI

    3306 S Chestnut, Lufkin, TX 75901

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    For Sale
    $489,900

    MULTI_FAMILY - Lufkin, TX

    Property size:
    2,881 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $170/SF
    Added:
    Feb 16, 2026
    Days on Market:
    99
    Last Refresh:
    May 26 at 11:06 pm

    Property Features for 3306 S Chestnut

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 3
    Interior features
    Ceiling Fan(s), Kitchen Island, Pantry
    Exterior features
    Automated Sprinkler, Fenced Yard, Multiple Houses
    Fencing
    Fenced
    Fireplace
    1
    Standard status
    Active
    Size
    2,881 SF
    Lot size
    1.00 Acre

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1998
    Flooring type
    Tile, Carpet
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Gazebo

    We can help!

    Listing Contact
    Suzette Grimes
    Suzette Grimes

    Listing agent Suzette Grimes License #TREC 0623192

    Listing office Century 21 Cota Realty 210 E. Lufkin Ave, LUFKIN, TX

    Listing date Feb 16, 2026

    MLS# 65108056 Listing URL

    Copyright © 2026 Deep East Texas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Main house plus separate 1‑bed, 1‑bath guest house, ideal for income generation or private office
    • Large 24x40 3‑car garage with double‑sided shop rollup doors and storage
    • Expansive fenced backyard with outdoor lighting and pre‑installed pool/generator hookups
    • Durable construction with 50‑year architectural shingle roof (2018), reinforced piers, and enhanced insulation
    • Multiple high‑efficiency HVAC units and whole‑house water purification system (2025)
    • Seamless indoor‑outdoor flow with French doors, sunroom, and covered back patio

    Overview

    This property, located in Lufkin, TX, features a 4-bed, 2.5-bath main residence and a 1-bed, 1-bath guest house, situated on a 1-acre lot. The main home includes decorative high ceilings, two wood-burning or gas fireplaces, multiple high-efficiency HVAC units, and a sunroom. French doors facilitate indoor-outdoor flow, leading to a covered back patio. The property also features a 24x40 three-car garage with double-sided shop rollup doors and storage. The backyard is fenced and includes outdoor lighting, with pre-installed hookups for a future pool or generator. The roof was replaced in 2018 with 50-year architectural shingles. A whole-house water purification system is planned for 2025. Reinforced piers and enhanced insulation contribute to the property's durability and energy efficiency. The 2,881 square foot guest house is suitable for use as a private office, studio, or income-producing Airbnb, with average annual earnings of $13,000-$20,000. This property offers space and upgrades.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shaw Insurance Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lufkin
    County
    Angelina
    State
    Texas
    Longitude
    -94.7073853
    Latitude
    31.3019567

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    FAQs

    What type of property is this?
    Single family property - Four-bed residence with a one-bed guest house on one acre.
    Where is this single family property located?
    The property is located at 3306 S Chestnut Lufkin, TX.
    What is the asking price?
    The asking price for this property is $489,900.
    What are key features of this property?
    This property features: Main house plus separate 1‑bed, 1‑bath guest house, ideal for income generation or private office; **Large 24x40 3‑car garage with double‑sided shop rollup doors and storage**; Expansive fenced backyard with outdoor lighting and pre‑installed pool/generator hookups
    (936) 404-0688
    We can help!
    Listing Contact
    Suzette Grimes
    Suzette Grimes
    Real Estate License ID: TREC 0623192
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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