Duplex with Expansion
For Sale
$115,000
8523 US HIGHWAY 59 S, Texarkana, TX 75501
Residential Income, Texarkana, TX
Property Size1,312 SF
Lot Size1.45 Acres
Price / SF$87.65
Days on Market93
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 1, Bedroom 1, Bedroom 2, Bathroom 2
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
Amenities
washer and dryer hookups
Building Details
Year built
1958
Number of units
2
Listing Agency:
Fathom Realty-TX
(888) 455-6040
Listed By:
Holly Craigen
(903) 691-8117
Added: Jul 29
Changed: Oct 21
Last Checked: Oct 29 at 9:06AM
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.
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Investment Insights
Based on property information with market context.
This duplex contains two separate one-bedroom, one-bathroom residences within a 1,312-square-foot building. Each side includes washer and dryer hookups, while interior features include ceiling fans, central heating, central air conditioning, and an electric range. Constructed in 1958, the property is served by public water and private sewer.
The 1.45-acre parcel is located at 8523 US Highway 59 S in Texarkana, Texas, with Lake Wright Patman identified nearby. The expansive site provides room beyond the current duplex, and the property information supports consideration of additional units or a future home. The existing two-unit layout offers a straightforward residential income configuration.
The 1.45-acre parcel is located at 8523 US Highway 59 S in Texarkana, Texas, with Lake Wright Patman identified nearby. The expansive site provides room beyond the current duplex, and the property information supports consideration of additional units or a future home. The existing two-unit layout offers a straightforward residential income configuration.
Key Highlights
- 1.45‑acre parcel with an existing duplex and room for additional development
- Two 1‑bedroom, 1‑bathroom units
- 1,312 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,491
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,820
$189.8K
Cap Rate 7%
$135,586
$135.6K
Cap Rate 9%
$105,456
$105.5K
Market Conditions
NOI Build-Up for 1,312 SF
Gross rent
$14.6K $11.16/SF
− Vacancy
−$1.1K −$0.83/SF
EGI
$13.6K $10.33/SF
− OpEx
−$4.1K −$3.10/SF
NOI
$9.5K $7.23/SF
Area
Bowie County, TX
Vacancy
7.40%
Lease Rate
$11.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,820
Cap Rate 7%
$135,586
Cap Rate 9%
$105,456
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units offer washer and dryer hookups, central HVAC, and an electric range in each residence.
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 parcel with an existing duplex and room for additional development; Two 1‑bedroom, 1‑bathroom units; 1,312 square feet of building area
