8523 S Highway 59, Texarkana, TX 75501
MULTI_FAMILY - Texarkana, TX
- Added:
- Apr 27, 2026
- Days on Market:
- 45
- Last Refresh:
- Jun 10 at 11:06 am
Property Features for 8523 S Highway 59
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
- Standard status
- Active
- Size
- 1,312 SF
- Lot size
- 1.45 Acres
Utilities
- Sewer type
- Septic Tank
Building Details
- Year built
- 1958
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Frame
Listing agent Brandi Winkles License #SA00069190 (903) 748-9055
Listing office Texarkana Legacy Group 210 N Stateline Ave Suite 502, Texarkana, TX (870) 779-8000
Listing date Apr 27, 2026
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 featuring two comfortable 1‑bedroom, 1‑bathroom units.
- Large 1.45‑acre fenced lot offering ample space.
- Potential for expansion or additional development on the property.
- Excellent location, conveniently situated near beautiful Lake Wright Patman.
- Suitable for Airbnb, VRBO, or short‑term rentals, presenting income opportunities.
- Motivated seller, offering a great opportunity.
Overview
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 | $14.6k | $11.16 |
| − Vacancy | −$1.1k | −$0.83 |
| EGI | $13.6k | $10.33 |
| − OpEx | −$4.1k | −$3.10 |
| NOI | $9.5k | $7.23 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Texarkana
- County
- Bowie
- State
- Texas
- Longitude
- -94.146078
- Latitude
- 33.342661
