Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Timpson, TX - Investment Opportunity Title is generated by Realmo AI

    988 N 2nd St, Timpson, TX 75975

    View on Map
    Claim this Listing
    For Sale
    $49,000

    Other - Timpson, TX

    Added:
    Apr 13, 2026
    Days on Market:
    35
    Last Refresh:
    May 17 at 11:06 am

    Property Features for 988 N 2nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Fireplace
    1
    Standard status
    Active

    Taxes and HOA fees

    Tax Annual Amount
    1627

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1995
    Number of units
    3
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Aleisha Morris
    Aleisha Morris

    Listing agent Aleisha Morris

    Listing office East Texas Preferred Properties, LLC - Kilgore 115 S Martin Street, Kilgore, TX

    Listing date Apr 13, 2026

    MLS# 20262568 Listing URL

    Copyright © 2026 Longview Area Association 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

    • Rental investment opportunity: Own 3 potential rent houses on one city lot.
    • One unit is currently rented with a long‑term (20+ year) tenant.
    • Central heating and cooling systems are present.
    • Enjoy the cozy fireplace included.
    • Property includes composition roof.
    • Motivated seller willing to consider all reasonable offers.

    Overview

    This property in Timpson, Texas, presents a rental investment opportunity featuring three mobile homes situated on a single city lot. According to the listing information, two of the mobile homes are currently vacant and require complete renovation. One unit is currently rented and has a tenant of over 20 years. The property is located in Shelby County, with the postal code 75975.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Pharmacy Nail Salon Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Timpson
    County
    Shelby
    State
    Texas
    Longitude
    -94.396737
    Latitude
    31.908847

    Nearby Similar for Sale

    • $920,000

      94 Acres Farm and Ranch

      94-acre farm and ranch featuring a main and guest house.
      6644 Cr 4020, TIMPSON, TX 75975
      View Details
    • $205,000

      34 Acre Farm and Ranch

      34 acre farm and ranch property near downtown Timpson.
      143 Cr 4256, TIMPSON, TX 75975
      View Details
    • $79,000

      Timpson, TX Investment Opportunity

      Two leased mobile homes on a large country lot.
      123 CR 4009, Timpson, TX 75975
      View Details
    • $725,000
      7,500 SF

      East Texas Ranch with Shop

      53-acre ranch featuring a shop, home, and pasture.
      4466 FM 1970N, TIMPSON, TX 75975
      View Details
    • $380,000
      12,400 SF

      Timpson Commercial Property on Highway

      Spacious commercial property with warehouse on high-traffic US highways.
      189 N 1st Street, Timpson, TX 75975
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Three mobile homes on one lot, rental investment opportunity.
    Where is this mobile home & rv park located?
    The property is located at 988 N 2nd St Timpson, TX.
    What is the asking price?
    The asking price for this property is $49,000.
    What are key features of this property?
    This property features: Rental investment opportunity: Own 3 potential rent houses on one city lot.; One unit is currently rented with a long‑term (20+ year) tenant.; Central heating and cooling systems are present.
    (903) 390-1236
    We can help!
    Listing Contact
    Aleisha Morris
    Aleisha Morris
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    988 N 2nd St, Timpson, TX 75975
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!