Apartment Property with Lake
New
For Sale
$1,050,000
505 Bub Hayner Rd, Karnack, TX 75661
MULTI-FAMILY, Karnack, TX
Property SizeContact for details
Lot Size7.70 Acres
Days on Market4
Property Features for 505 Bub Hayner Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Laundry Room, Family Room, Den
Parking features
Carport
Patio and Porch features
Patio, Deck
Interior features
Partial Curtains, Carpeting, Vinyl Flooring, Tile Flooring, High Ceilings
Exterior features
Fence Partial, Open Patio, Wood Deck
Fencing
Partial
Fireplace
1
Appliances
Electric Range/Oven, 2 Or More Ovens, Dishwasher, Vent Fan, Ice Maker Connection
Subdivision
Leisure Cove
Lot features
Landscaped
Directions
From Texas Highway 43, Take a right on FM 2682. Take a right on FM 134. Take a left on FM 1999. Take another left on FM 9 and a right on Bub Hayner Rd. Property on your right.
Standard status
Active
Lot size
7.70 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
private boat ramp
fishing pier
Building Details
Year built
1988
Number of units
14
Building materials
Brick, Frame
Roof type
Flat
Listing Agency:
Julie Woods & Associate RE Firm
(903) 587-5373
Listed By:
Sarah Johnston · License #0789818
(903) 220-9053
Added: Aug 18
Changed: Aug 21
Last Checked: Aug 21 at 8:06PM
MLS# 20265902
Copyright © 2026 Longview Area Association 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.
Investment Insights
Based on property information with market context.
This apartment property occupies approximately 7.7 acres and includes 14 total rentals, with a mix of one-bedroom, two-bedroom, and three-bedroom residences. Two RV sites add another component to the property, while many of the residential units have been updated. Interior features include carpeting, vinyl and tile flooring, high ceilings, central heating and cooling, and select fireplaces. Carport parking, partial fencing, patios, and decks are also present. Built in 1988, the property includes brick and frame construction and an additional on-site building.
Outdoor amenities include a private boat ramp and fishing pier, providing direct water access associated with Caddo Lake. Aerobic systems are in place, and the property has historically maintained strong occupancy. Seller-provided 2025 T12 financials support an approximate 11.7% cap rate. The additional building is identified as a possible location for a laundry facility, snack shop, convenience area, or tenant amenity, subject to future planning and approvals.
Outdoor amenities include a private boat ramp and fishing pier, providing direct water access associated with Caddo Lake. Aerobic systems are in place, and the property has historically maintained strong occupancy. Seller-provided 2025 T12 financials support an approximate 11.7% cap rate. The additional building is identified as a possible location for a laundry facility, snack shop, convenience area, or tenant amenity, subject to future planning and approvals.
Key Highlights
- 14 total rentals across approximately 7.7 acres
- Unit mix includes one‑bedroom, two‑bedroom, and three‑bedroom residences
- Two RV sites provide an additional rental component
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 75661, TX
2,381
Population
1,642
Households
1.5
Avg Household Size
53
Median Age
17%
College-Educated
80%
High-School Grad
128.5 sq mi
ZIP Area
19
Density / Sq Mi
$72,578
Median Household Income
$32,304
Median Earnings
$848
Median Rent
$110,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Operating rental community with varied residential layouts, RV sites, and direct recreational access.
Where is this apartment building located?
The property is located at 505 Bub Hayner Rd Karnack, TX.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 14 total rentals across approximately 7.7 acres; Unit mix includes one‑bedroom, two‑bedroom, and three‑bedroom residences; Two RV sites provide an additional rental component
