Two-Unit Duplex
For Sale
$115,000
8523 Us Highway 59 S, Texarkana, TX 75501
Two residential units feature one-bedroom layouts with washer and dryer hookups.
Property Size1,312 SF
Lot Size1.45 Acres
Price / SF$87.65
Days on Market92
Property Features for 8523 Us Highway 59 S
General Information
Standard status
Active
Size
1,312 SF
Lot size
1.45 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
washer and dryer hookups
Building Details
Buildings
1
Listing Agency:
Fathom Realty-TX
(888) 455-6040
Listed By:
Holly Craigen · License #AR SA00084673 TX 694773
(903) 691-8117
Source:
Exprealty
Added: Jul 30
Changed: Oct 25
Last Checked: Oct 28 at 1:54PM
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 Fathom Realty-TX
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Investment Insights
Based on property information with market context.
This duplex contains 1,312 square feet with two separate one-bedroom, one-bathroom units. Each side includes washer and dryer hookups, providing a straightforward residential configuration for rental occupancy or individual use. The property is situated on 1.45 acres, offering substantial land alongside the existing improvements.
Located at 8523 US Highway 59 S in Texarkana, Texas, the property is near Lake Wright Patman. The site may also support additional construction or a future homesite, as described in the property information.
Located at 8523 US Highway 59 S in Texarkana, Texas, the property is near Lake Wright Patman. The site may also support additional construction or a future homesite, as described in the property information.
Key Highlights
- 1.45‑acre duplex property in Texarkana, TX
- Two units, each with 1 bedroom and 1 bathroom
- 1,312 square feet of property size
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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Property Analytics
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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 residential units feature one-bedroom layouts with 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 duplex property in Texarkana, TX; Two units, each with 1 bedroom and 1 bathroom; 1,312 square feet of property size
