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    Texarkana Duplex with Updated Unit Title is generated by Realmo AI

    6221-6223 Sandlin Ave., Texarkana, TX 75503

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    For Sale
    $235,000

    MULTI_FAMILY - Other - Texarkana, TX

    Property size:
    1,968 SF
    Lot size:
    0.43 Acres
    Price / SF:
    $119/SF
    Added:
    May 29, 2026
    Days on Market:
    2
    Last Refresh:
    May 30 at 2:06 pm

    Property Features for 6221-6223 Sandlin Ave.

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 4
    Parking features
    Carport
    Interior features
    Ceiling Fan(s)
    Fireplace
    1
    Appliances
    Dishwasher, Disposal, Electric Cooktop, Electric Oven, Gas Water Heater, Vented Exhaust Fan
    Standard status
    Active
    Size
    1,968 SF
    Lot size
    0.43 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1981
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Plank, Tile
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Virginia Ann Prazak
    Virginia Ann Prazak

    Listing agent Virginia Ann Prazak License #AR EB00067015 TX 639257

    Listing office Raffaelli Realtors / TXK Homes, LLC 1901 Mall Dr, Texarkana, TX

    Listing date May 29, 2026

    MLS# 205162 Listing URL

    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

    • Duplex offers immediate rental income potential with one unit currently tenant‑occupied.
    • Unit 6223 is move‑in ready with new floor covering, fresh paint, new kitchen countertops, and appliances.
    • Each unit features 2 bedrooms and 2 bathrooms, plus a laundry area.
    • Located in a desirable and convenient location with easy access to schools, shopping, restaurants, and medical facilities.
    • Property includes essential appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Gas Water Heater, and Vented Exhaust Fan.
    • Central air conditioning and natural gas heating.

    Overview

    This duplex presents an investment opportunity in a convenient Texarkana location. The property features two units, each containing 2 bedrooms, 2 bathrooms, and a laundry area. Unit 6223 has been updated with new floor covering, fresh paint, new kitchen countertops, and appliances, making it move-in ready. Unit 6221 is currently tenant-occupied. Situated on a 0.43-acre lot, the property offers a total of 1968 square feet of living space. The location provides easy access to schools, shopping, restaurants, and medical facilities, contributing to its desirability as a rental property.

    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 $22.0k $11.16
    − Vacancy −$1.6k −$0.83
    EGI $20.3k $10.33
    − OpEx −$6.1k −$3.10
    NOI $14.2k $7.23
    1,968 SF · lease $11.16/SF/yr · vacancy 7.40% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $203.4K
    $178.0K – $237.3K (±1% cap)
    NOI $14,236 @ 7.0% cap · market cap 6.06%
    Second Best
    Apartment 5plus
    $168.2K
    $147.2K – $196.2K (±1% cap)
    NOI $11,773 @ 7.0% cap · market cap 5.01%
    Theoretical Best
    Hotel Hospitality
    $1.48M
    $1.30M – $1.73M (±1% cap)
    NOI $103,763 @ 7.0% cap · market cap 44.15%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.0779377
    Latitude
    33.4823981

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    FAQs

    What type of property is this?
    Duplex - Duplex in high-demand area with updated and tenant-occupied units.
    Where is this duplex located?
    The property is located at 6221-6223 Sandlin Ave. Texarkana, TX.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Duplex offers immediate rental income potential with one unit currently tenant‑occupied.; Unit 6223 is move‑in ready with **new floor covering, fresh paint, new kitchen countertops, and appliances.**; Each unit features 2 bedrooms and 2 bathrooms, plus a laundry area.
    (903) 277-3333
    We can help!
    Listing Contact
    Virginia Ann Prazak
    Virginia Ann Prazak
    Real Estate License ID: AR EB00067015 TX 639257
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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.

    More about this property
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