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    800 Washington St Clarksville, TX 75426

    Sponsored
    For Sale
    $589,000

    Nine-unit apartment building, 100% occupied.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a well-maintained, nine-unit apartment building located at 800 W Washington St, Clarksville, Texas, 75426. The property, built in 1976, boasts a two-story building encompassing 6,400 square feet situated on a 0.9-acre lot. Currently operating at 100% occupancy, this multifamily property offers immediate and substantial rental income. The building is classified as Class C and is zoned MF-33, allowing for a variety of potential uses within the permitted zoning regulations. The property features ample parking with approximately a dozen spaces available for residents. Conveniently located in Red River County, this property is close to the Beverly Heights and Rosehill neighborhoods. The asking price is $589,000, representing a price per unit of $65,444.44. This presents a strong return on investment potential for a savvy investor seeking a stable, cash-flowing asset in a desirable location. The property's strong occupancy rate and convenient location make it an attractive option for both seasoned and new investors in the multifamily market. Further due diligence is recommended to fully assess the investment potential.

    Property Features for 800 Washington St

    General Information

    Property type
    Multifamily properties
    Class
    C
    Lot Size
    39,204 SF

    Building Details

    Year Built
    1976
    Buildings
    1
    Stories
    2
    Units
    9

    HighLights

    • $589,000 asking price for a 9‑unit apartment building.
    • Multifamily property, Class C, with 9 units.
    • Built in 1976, two‑story building totaling 6,400 square feet.
    • Located on a 0.9‑acre lot in Clarksville, TX, zoned MF‑33.
    • 100% occupied, offering immediate rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Red River
    State
    Texas
    Longitude
    -95.0553723
    Latitude
    33.6091128

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    FAQs

    What type of property is this?
    Multifamily property - Nine-unit apartment building, 100% occupied.
    Where is this multifamily property located?
    The property is located at 800 Washington St Clarksville, TX.
    What is the asking price?
    The asking price for this property is $589,000.
    What are key features of this property?
    This property features: $589,000 asking price for a 9-unit apartment building.; Multifamily property, Class C, with 9 units.; Built in 1976, two-story building totaling 6,400 square feet.
    Request Owner's contact information
    800 Washington St Clarksville, TX 75426
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    Clarksville, TX 75426
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    800 Washington St Clarksville, TX 75426
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