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    Updated Multi-Family Home Title is generated by Realmo AI

    401 Barker Street, Bowie, TX 76230

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    For Sale
    $165,000

    MULTI_FAMILY - Bowie, TX

    Lot size:
    0.25 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    59
    Last Refresh:
    Jun 3 at 1:06 pm

    Property Features for 401 Barker Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1
    Parking
    2
    Parking features
    Carport
    Patio and Porch features
    Deck, Porch
    Interior features
    DecorativeDesignerLightingFixtures, KitchenIsland, OpenFloorplan
    Exterior features
    Deck
    Fireplace
    1
    Appliances
    Dishwasher, ElectricRange, Microwave
    Standard status
    Active
    APN
    R000028220
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 0.250 LOT 1R BLK 15 LINDSEY
    Tax Annual Amount
    48

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1997
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Laminate, Tile
    Roof type
    Composition

    We can help!

    Listing Contact
    Jordan Davis
    Jordan Davis

    Listing agent Jordan Davis License #0632691

    Listing office Keller Williams Legacy TX

    Listing date Apr 6, 2026

    MLS# 21217365 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1997‑built home with an open floorplan, decorative designer lighting fixtures, and kitchen island
    • Updated kitchen with new stainless steel appliances, butcher block countertops, and electric range, microwave, and dishwasher
    • Electric fireplace set into the large kitchen island plus central heating and central air with ceiling fans
    • Primary suite includes a walk‑in shower with massage and multiple spray settings
    • Quarter‑acre lot with two covered decks and a porch; exterior includes fresh exterior paint
    • Carport parking with public water and public sewer; composition roof

    Overview

    This updated multi-family home is currently tenant occupied, providing immediate rental income and a straightforward path for investors seeking in-place cash flow. Inside, the light-filled layout features abundant windows, fresh paint, new carpet, and updated light fixtures throughout. The kitchen is designed for everyday living and entertaining, with a large island, an electric fireplace built into the island, stainless steel appliances, butcher block countertops, and plentiful cabinet space. The primary suite includes a walk-in shower with massage and multiple spray settings for a spa-like feel. Additional comfort and flexibility come from two covered decks, extending usable outdoor space for quiet mornings or evenings. Recent exterior updates, including fresh exterior paint, further support curb appeal.

    Conveniently located with easy access to Highway 287, the home places commuting, shopping, and dining within minutes, while still offering a more settled, residential feel. The property sits on a spacious quarter-acre lot.

    As a tenant-occupied investment, this home may appeal to buyers looking for reduced downtime between ownership and rent collection. The combination of updates, on-site living appeal, and established occupancy can make it a practical fit for investors who want a ready-to-manage rental rather than a renovation project. Owner financing is also available, which may broaden options for qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowie
    County
    Montague
    State
    Texas
    Longitude
    -97.856065
    Latitude
    33.555369

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    FAQs

    What type of property is this?
    Single family property - Tenant-occupied and move-in ready, offering immediate rental income with convenient access to Highway 287.
    Where is this single family property located?
    The property is located at 401 Barker Street Bowie, TX.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: 1997‑built home with an open floorplan, decorative designer lighting fixtures, and kitchen island; Updated kitchen with new stainless steel appliances, butcher block countertops, and electric range, microwave, and dishwasher; Electric fireplace set into the large kitchen island plus central heating and central air with ceiling fans
    (972) 599-7000
    We can help!
    Listing Contact
    Jordan Davis
    Jordan Davis
    Real Estate License ID: 0632691
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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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