Turn Key Texarkana
For Sale
$875,000
806 West 32nd Street, Texarkana, TX 75503
100% occupied 6-plex near park, IH30, and amenities.
Property Size5,688 SF
Price / SF$153.83
Days on Market362
Property Features for 806 West 32nd Street
General Information
Standard status
Active
Size
5,688 SF
Total Parking Spaces
13
Property subtype
Multi-Family / Multiple Single Units
Amenities
Ceiling Fan(s), Central Air, Electric
Central, Electric
No
Laminate
Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
Eat-in Kitchen, Granite Counters, High Speed Internet Available, Kitchen Island, Open Floorplan
Composition, Shingle
Two
2
Slab
Public Records
6
Brick
Rear Porch
Building Details
Year Built
2020
Buildings
1
Listing Agency:
Tx Land & Legacy Realty, LLC
Listed By:
Bryson Swiggart · License #0634498
(817) 832-4273
Source:
Compass
Added: Oct 21, 2025
Changed: Oct 16
Last Checked: Oct 16 at 10:27AM
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 Tx Land & Legacy Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a 100% occupied 6-plex located in Texarkana. The property is situated directly across the street from a public park in a neighborhood with multiple businesses. The units are always easy to lease and typically leased within a few weeks when a vacancy comes up. Each unit features 2 bedrooms and 2.5 bathrooms. There is ample parking available for tenants and guests. The property is located 5 minutes from IH30 and a few minutes from a grocery store and multiple restaurants. The property size is 5688 square feet.
Key Highlights
- 100% Occupied & Turn‑Key: Provides immediate cash flow.
- High Occupancy Rate: Units are easy to lease.
- All Units 2 Bed/2.5 Bath: Attractive unit configuration.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,027
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,540
$680.5K
Cap Rate 7%
$486,100
$486.1K
Cap Rate 9%
$378,078
$378.1K
Market Conditions
NOI Build-Up for 5,688 SF
Gross rent
$70.3K $12.36/SF
− Vacancy
−$8.4K −$1.48/SF
EGI
$61.9K $10.88/SF
− OpEx
−$27.8K −$4.89/SF
NOI
$34.0K $5.98/SF
Area
Bowie County, TX
Vacancy
12.00%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,540
Cap Rate 7%
$486,100
Cap Rate 9%
$378,078
Alternative Uses
Best Use
Apartment 5plus
$486.1K
$425.3K – $567.1K
NOI $34,027 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.28M
$3.75M – $5.00M
NOI $299,900 @ 7.0% cap · market cap 34.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 75503, TX
25,547
Population
11,464
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
78.5 sq mi
ZIP Area
325
Density / Sq Mi
$67,733
Median Household Income
$43,508
Median Earnings
$1,185
Median Rent
$214,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - 100% occupied 6-plex near park, IH30, and amenities.
Where is this apartment building located?
The property is located at 806 West 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: 100% Occupied & Turn‑Key: Provides immediate cash flow.; High Occupancy Rate: Units are easy to lease.; All Units 2 Bed/2.5 Bath: Attractive unit configuration.
