3-Unit Brick
For Sale
$299,000
3729 Steeplechase Dr, Texarkana, TX 75503
Each residence has a separate entrance, dedicated parking, and a three-bedroom layout.
Property Size3,500 SF
Price / SF$85.43
Days on Market17
Property Features for 3729 Steeplechase Dr
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Residential Income
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Amenities
dedicated parking
Building Details
Buildings
1
Construction
brick
Listing Agency:
eXp Realty, LLC- TX
(888) 519-7431
Listed By:
Megan Driver
(903) 701-5722
Source:
Exprealty
Added: Oct 1
Changed: Oct 8
Last Checked: Oct 16 at 9:51AM
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 eXp Realty, LLC- TX
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick triplex contains 3,500 heated square feet across three separate three-bedroom units. Each residence has its own entrance and dedicated parking, providing distinct access for occupants.
The property is located in the Pleasant Grove area of Texarkana, Texas.
The property is located in the Pleasant Grove area of Texarkana, Texas.
Key Highlights
- Three separate 3‑bedroom units
- 3,500 heated square feet
- Separate entrance and dedicated parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,319
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,380
$506.4K
Cap Rate 7%
$361,700
$361.7K
Cap Rate 9%
$281,322
$281.3K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$39.1K $11.16/SF
− Vacancy
−$2.9K −$0.83/SF
EGI
$36.2K $10.33/SF
− OpEx
−$10.9K −$3.10/SF
NOI
$25.3K $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%
$506,380
Cap Rate 7%
$361,700
Cap Rate 9%
$281,322
Alternative Uses
Best Use
Multifamily LT 5
$361.7K
$316.5K – $422.0K
NOI $25,319 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$299.1K
$261.7K – $349.0K
NOI $20,938 @ 7.0% cap · market cap 7.00%
Theoretical Best
Hotel Hospitality
$2.64M
$2.31M – $3.08M
NOI $184,538 @ 7.0% cap · market cap 61.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
27
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has a separate entrance, dedicated parking, and a three-bedroom layout.
Where is this triplex located?
The property is located at 3729 Steeplechase Dr Texarkana, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three separate 3‑bedroom units; 3,500 heated square feet; Separate entrance and dedicated parking for each unit
