1BR/1BA Duplex
New
For Sale
$115,000
8523 US HIGHWAY 59 S, Texarkana, TX 75501
MULTI_FAMILY - Texarkana, TX
Property Size1,312 SF
Lot Size1.45 Acres
Price / SF$87.65
Days on Market2
Property Features for 8523 US HIGHWAY 59 S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Interior features
Ceiling Fan(s)
Appliances
Electric Range
Subdivision
George Morris A-372
Directions
HWY 59 across from Lakeway Grocery
Standard status
Active
Size
1,312 SF
Lot size
1.45 Acres
Utilities
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Number of units
2
Listing Agency:
Fathom Realty-TX
(888) 455-6040
Listed By:
Holly Craigen · License #AR SA00084673 TX 694773
(903) 691-8117
Added: Jul 29
Last Checked: Jul 30 at 7:06PM
MLS# 205665
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex features one bedroom and one bathroom on each side, providing a mirrored layout within the property. Washer and dryer hookups are also in place, supporting everyday resident convenience.
The property is situated on approximately 1.45 acres, offering additional outdoor space alongside the existing duplex. The site is listed for sale in Texarkana, TX, with the address at 8523 US Highway 59 S (75501) in Bowie County.
In addition to the current duplex configuration, the property size provides room to expand with additional units, or to develop in a way that aligns with the buyer’s plans for the land. The remarks also note proximity to Lake Wright Patman.
The property is situated on approximately 1.45 acres, offering additional outdoor space alongside the existing duplex. The site is listed for sale in Texarkana, TX, with the address at 8523 US Highway 59 S (75501) in Bowie County.
In addition to the current duplex configuration, the property size provides room to expand with additional units, or to develop in a way that aligns with the buyer’s plans for the land. The remarks also note proximity to Lake Wright Patman.
Key Highlights
- 1.45‑acre property with a well‑maintained duplex featuring 1 bed and 1 bath on each side
- Washer and dryer hookup available for each side
- Central heating and central air conditioning
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 |
1,312 SF · lease $11.16/SF/yr · vacancy 7.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$135.6K
$118.6K – $158.2K
NOI $9,491 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$112.1K
$98.1K – $130.8K
NOI $7,849 @ 7.0% cap · market cap 6.83%
Theoretical Best
Hotel Hospitality
$988.2K
$864.7K – $1.15M
NOI $69,175 @ 7.0% cap · market cap 60.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 75501, TX
36,423
Population
15,302
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
86%
High-School Grad
96.3 sq mi
ZIP Area
378
Density / Sq Mi
$46,782
Median Household Income
$33,758
Median Earnings
$904
Median Rent
$125,700
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?
Duplex - Well-maintained duplex with one bedroom and one bathroom on each side, plus washer and dryer hookups.
Where is this duplex located?
The property is located at 8523 US HIGHWAY 59 S Texarkana, TX.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: 1.45‑acre property with a well‑maintained duplex featuring 1 bed and 1 bath on each side; Washer and dryer hookup available for each side; Central heating and central air conditioning
