Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turn-Key 6-Plex Investment Title is generated by Realmo AI

    806 W 32nd Street, Texarkana, TX 75503

    View on Map
    Claim this Listing
    For Sale
    $875,000

    MULTI_FAMILY - Texarkana, TX

    Lot size:
    0.48 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    63
    Last Refresh:
    Jun 3 at 11:06 am

    Property Features for 806 W 32nd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    12
    Bathrooms
    18
    Rooms
    Bathroom 14, Bedroom 11, Bathroom 12, Bathroom 13, Bathroom 6, Bedroom 7, Bathroom 7, Bathroom 1, Bedroom 8, Bedroom 12, Bathroom 16, Bedroom 4, Bathroom 17, Bedroom 1, Bedroom 5, Bathroom 4, Bathroom 5, Bedroom 9, Bathroom 18, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 10, Bedroom 3, Bathroom 3, Bathroom 8, Bathroom 9, Bathroom 15, Bathroom 11, Bathroom 10
    Parking
    13
    Parking features
    Parking Lot, Garage
    Patio and Porch features
    Porch
    Interior features
    EatInKitchen, GraniteCounters, HighSpeedInternet, KitchenIsland, OpenFloorplan
    Appliances
    Dishwasher, ElectricRange, ElectricWaterHeater, Microwave, Refrigerator
    Standard status
    Active
    APN
    08480004901
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Description
    GHIO FISH BLVD ADDN LOTS 1 4 2020-13968 12/22
    Tax Annual Amount
    17993

    Utilities

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

    Building Details

    Year built
    2020
    Floors in Building
    2
    Number of units
    6
    Flooring type
    Laminate
    Building materials
    Brick
    Roof type
    Composition, Shingle

    We can help!

    Listing Contact
    Bryson Swiggart

    Listing agent Bryson Swiggart License #0634498

    Listing office Tx Land & Legacy Realty, LLC Ennis, TX

    Listing date Apr 2, 2026

    MLS# 21133419 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

    • 2020‑built 6‑plex in Texarkana with all units 2 bed / 2.5 bath
    • All units individually metered with tenant‑paid utilities
    • Central electric HVAC with ceiling fans
    • Open floorplan with granite counters, eat‑in kitchen, and kitchen island
    • Appliances include dishwasher, electric range, microwave, and refrigerator
    • Brick construction with composition shingle roof; garage and parking lot space; porch

    Overview

    This turn-key 6-plex is fully occupied and ready for immediate investment. The units are individually metered, with tenant-paid utilities, supporting a clean, low-maintenance operating setup. Each unit is configured as a 2-bedroom, 2.5-bath layout, providing a consistent tenant experience across the property. Off-street parking is available for tenants and guests.

    The property is located directly across the street from a public park, in a neighborhood with surrounding businesses. Area amenities are described as convenient, with access to IH-30 about five minutes away, along with nearby grocery and multiple restaurants.

    For investors seeking a manageable, mid-size portfolio addition, this asset is positioned around consistent leasing demand and quick re-leasing when vacancies occur. With 100% occupancy and a unit mix that stays consistent, it may fit buyers looking for dependable monthly cash flow and an income property that is already operating at full capacity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.052132
    Latitude
    33.447611

    Nearby Similar for Sale

    • $698,500
      14,355 SF

      Texarkana Commercial Building For Sale

      14,355 SF commercial building suitable for retail or office use.
      702 Texas Blvd., Texarkana, TX 75501
      View Details
    • $325,000
      1,200 SF

      Texarkana Commercial Property For Sale

      Commercial property in Texarkana, TX, suitable for auto-related businesses.
      2007 Texas Blvd., Texarkana, TX 75501
      View Details
    • $500,000
      3,800 SF

      Texarkana Commercial Facility For Sale

      Versatile commercial facility on 2.67 acres with highway frontage.
      6466 S Hwy 59, Texarkana, TX 75501
      View Details
    • $900,000
      7,425 SF

      Texarkana Commercial Building For Sale

      Iconic location with a large building suitable for office or retail.
      3033 Kennedy Lane, Texarkana, TX 75503
      View Details
    • $175,000
      3,000 SF

      Versatile Building on High-Visibility Corner

      Turnkey training, office, or light industrial space in Texarkana.
      3005 S Lake Drive, Texarkana, TX 75501
      View Details
    • $500,000
      11,511 SF

      Texarkana Motel Investment Opportunity

      Turnkey motel with manager's apartment in downtown Texarkana.
      819 W 7th street, Texarkana, TX 75501
      View Details
    • $550,000
      4,503 SF

      Texarkana Law Office For Sale

      Custom-built office building with 10+ offices in a prime location.
      3512 Texas Blvd, Texarkana, TX 75503
      View Details
    • $175,000
      3,000 SF

      Versatile Texarkana Commercial Building

      Turnkey training/office/light industrial space on high-visibility corner lot.
      3005 S Lake Drive, Texarkana, TX 75501
      View Details
    • $469,000
      1,800 SF

      Texarkana Commercial Property For Sale

      Prime commercial property in Texarkana with long-term lease and 8.5 CAP.
      3725 N State Line Ave, Texarkana, TX 75503
      View Details
    • $350,000
      2,272 SF

      Event Venue with Creekside Ceremony

      Exceptional wedding and event venue with indoor and outdoor spaces.
      4600 Rose Acres, Texarkana, TX 75503
      View Details
    • $235,000
      7,570 SF

      Versatile Commercial Property in Texarkana

      High-visibility commercial property with shop, offices, and storage.
      2411 W 7th ST., Texarkana, TX 75501
      View Details
    • $599,000
      5,000 SF

      Versatile Commercial Property, Texarkana, TX

      2.939 acres with two steel buildings, no zoning restrictions.
      5315 Trexler Rd., Texarkana, TX 75501
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully occupied, individually metered 6-unit property designed for steady rental performance.
    Where is this apartment building located?
    The property is located at 806 W 32nd Street Texarkana, TX.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: 2020‑built 6‑plex in Texarkana with all units 2 bed / 2.5 bath; All units individually metered with tenant‑paid utilities; Central electric HVAC with ceiling fans
    (601) 955-6881
    We can help!
    Listing Contact
    Bryson Swiggart
    Real Estate License ID: 0634498
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    806 W 32nd Street, Texarkana, TX 75503
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!