401-403 Cheyenne Pl, Texarkana, TX 75503
MULTI_FAMILY - Texarkana, TX
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 6:06 pm
Property Features for 401-403 Cheyenne Pl
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 1, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2
- Parking features
- Open
- Window features
- Double Pane Windows
- Appliances
- Dishwasher, Electric Range, Refrigerator
- Standard status
- Active
- Size
- 2,176 SF
- Lot size
- 0.20 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2005
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl
- Building materials
- Brick, Vinyl Siding
- Roof type
- Shingle
Listing agent Heather Thompson License #SA00057604 (903) 826-4357
Listing office Better Homes & Gardens Real Estate Infinity 4602 McKnight Rd, Texarkana, TX (903) 306-1454
Listing date Jun 26, 2026
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.
HighLights
- Two‑unit property with 2 story dwellings on a 0.20‑acre lot in a cul‑de‑sac
- Unit #401: 3 bed, 1.5 bath, leased at $950/month
- Unit #403: 2 bed, 1.5 bath, leased at $920/month
- Parking accommodates 4 vehicles (open parking)
- Built in 2005 with brick and vinyl siding, shingle roof, and carpet/vinyl flooring
- Utilities include public water and public sewer; central heating and central air
Overview
The address is 401-403 Cheyenne Pl in Texarkana, TX 75503, in Bowie County. The listing notes TISD schools and places the property about 2 miles from Christus St. Michael Hospital. Grocery and Target are described as roughly a mile away.
The unit mix supports a range of tenant needs, with one larger 3-bedroom/1.5-bath home and one 2-bedroom/1.5-bath home, and both units are currently leased. For buyers seeking an owner-occupied or investor-held duplex, the clear two-unit layout, off-street parking for four vehicles, and existing lease status may align well with a straightforward residential income strategy.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.3k | $11.16 |
| − Vacancy | −$1.8k | −$0.83 |
| EGI | $22.5k | $10.33 |
| − OpEx | −$6.7k | −$3.10 |
| NOI | $15.7k | $7.23 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Texarkana
- County
- Bowie
- State
- Texas
- Longitude
- -94.0860037
- Latitude
- 33.4490356
