Three-Unit Residential
For Sale
$288,888
3730 Trotter Ln, Texarkana, TX 75503
Three occupied, single-level apartments each include private entry, outdoor space, and dedicated parking.
Property Size3,519 SF
Price / SF$82.09
Days on Market17
Property Features for 3730 Trotter Ln
General Information
Standard status
Active
Size
3,519 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Parking per Unit
2
Building Details
Year Built
2003
Buildings
1
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 12:59PM
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
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Investment Insights
Based on property information with market context.
Built in 2003, this Texarkana triplex contains 3,519 square feet across three separate three-bedroom apartments. Each single-level unit has its own entrance and outdoor area, plus a dishwasher, range, and two dedicated parking spaces. Interior finishes include carpet, ceramic tile, and luxury vinyl; the building also has central heat and air and a slab foundation.
The property is within Texarkana city limits, in Cooper Lane Estates. All three apartments are occupied.
The property is within Texarkana city limits, in Cooper Lane Estates. All three apartments are occupied.
Key Highlights
- Three occupied apartments, each with three bedrooms and a single‑level layout
- 3,519 square feet total; built in 2003
- Two dedicated parking spaces for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,456
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,120
$509.1K
Cap Rate 7%
$363,657
$363.7K
Cap Rate 9%
$282,844
$282.8K
Market Conditions
NOI Build-Up for 3,519 SF
Gross rent
$39.3K $11.16/SF
− Vacancy
−$2.9K −$0.83/SF
EGI
$36.4K $10.33/SF
− OpEx
−$10.9K −$3.10/SF
NOI
$25.5K $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%
$509,120
Cap Rate 7%
$363,657
Cap Rate 9%
$282,844
Alternative Uses
Best Use
Multifamily LT 5
$363.7K
$318.2K – $424.3K
NOI $25,456 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$300.7K
$263.2K – $350.9K
NOI $21,052 @ 7.0% cap · market cap 7.29%
Theoretical Best
Hotel Hospitality
$2.65M
$2.32M – $3.09M
NOI $185,539 @ 7.0% cap · market cap 64.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied, single-level apartments each include private entry, outdoor space, and dedicated parking.
Where is this triplex located?
The property is located at 3730 Trotter Ln Texarkana, TX.
What is the asking price?
The asking price for this property is $288,888.
What are key features of this property?
This property features: Three occupied apartments, each with three bedrooms and a single‑level layout; 3,519 square feet total; built in 2003; Two dedicated parking spaces for each unit
