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36-Unit Apartment Building

501 Westlawn Drive, Texarkana, TX 75501

For Sale
Contact for pricing

The community has one- and two-bedroom apartments and an on-site laundry room.

Property SizeContact for details
Days on Market12

Property Features for 501 Westlawn Drive

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 25 x 1BR, 11 x 2BR
Multifamily Units 36

Additional Details

Highway Access Yes

Amenities

on-site laundry
Listing Agency: Keller Williams Realty
Listed By: Greg Brownd · License TX #596497
Source: Crexi
Added: Oct 30 Changed: Nov 8 Last Checked: Nov 10 at 7:24AM

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 Keller Williams Realty

Rey
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Investment Insights

Based on property information with market context.

This 36-unit apartment property includes 25 one-bedroom units and 11 two-bedroom units, along with an on-site laundry facility. Potential work identified for the community includes finishing apartment renovations, installing additional washer and dryer connections, and making operational changes intended to improve occupancy and rents. Its unit mix and laundry amenity define the existing configuration.

At 501 Westlawn Drive in Texarkana, the property is across from Highland Park Elementary. Texarkana College is 2.5 miles away, and CHRISTUS St. Michael Health System is less than 4 miles away. Interstate 30 is nearby. Area developments cited include an expanding Texas A&M University-Texarkana campus, AI data center projects, and planned commercial lithium processing plants.

Key Highlights

  • 36 apartments: 25 one‑bedroom units and 11 two‑bedroom units
  • On‑site laundry facility
  • Across from Highland Park Elementary at 501 Westlawn Drive, Texarkana, TX 75501

Property Analytics

Lease Details

36
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

409
Businesses Nearby

Demographics for 75501, TX

36,423
Population
15,302
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
86%
High-School Grad
96.3 sq mi
ZIP Area
378
Density / Sq Mi
$46,782
Median Household Income
$33,758
Median Earnings
$904
Median Rent
$125,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The community has one- and two-bedroom apartments and an on-site laundry room.
Where is this apartment building located?
The property is located at 501 Westlawn Drive Texarkana, TX.
What are key features of this property?
This property features: 36 apartments: 25 one‑bedroom units and 11 two‑bedroom units; On‑site laundry facility; Across from Highland Park Elementary at 501 Westlawn Drive, Texarkana, TX 75501
(806) 777-4459 · Office Call to check price and availability
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