New Multifamily Apartment
Lionel Avenue Texarkana, TX 75503
Lionel Avenue, Texarkana, TX, 75503
$5,395,000
For Sale
$5,395,000
MULTI_FAMILY - Texarkana, TX
Property Size33,891 SF
Lot Size2.40 Acres
Price / SF$159.19
Days on Market10
Property Features for Lionel Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 1
- Parking
- 66
- Parking features
- Assigned, Driveway
- Patio and Porch features
- Porch
- Interior features
- EatInKitchen, GraniteCounters, HighSpeedInternet, MultipleMasterSuites, OpenFloorplan, WalkInClosets
- Appliances
- Dryer, ElectricRange, Disposal, Microwave
- Standard status
- Active
- APN
- 30180003300
- Size
- 33,891 SF
- Lot size
- 2.40 Acres
Taxes and HOA fees
- Tax Description
- WRIGHTRIDGE ADDN LOTs 13, 14, 15
- Tax Annual Amount
- 100000
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Ceiling Fan(s), Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 33
- Flooring type
- Laminate
- Building materials
- Brick, WoodSiding
- Roof type
- Composition, Shingle
Listing Agency
Tx Land & Legacy Realty, LLC
(817) 832-4273
Ennis, TX
Listed by
Bryson Swiggart · License #0634498
(601) 955-6881
Added: Jul 10 Checked: Jul 19 at 7:06 am
MLS# 20861984
Listing URL
Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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 brand-new multifamily apartment complex is 100% complete and currently in the lease-up phase, with first units delivered March 2026. The property is configured as an apartment building with individually metered water and electricity, supporting straightforward resident billing and reduced utility coordination.
The complex is within walking distance to Texas A&M University–Texarkana campus. The university has experienced growth in recent years, and additional campus projects are noted in the remarks, contributing to an increased need for nearby student and general housing.
The site totals 2.4 acres and includes 33,891 square feet of building area. As presented, the property is intended to serve either student-oriented housing or the general public, with the current leasing effort underway.
The complex is within walking distance to Texas A&M University–Texarkana campus. The university has experienced growth in recent years, and additional campus projects are noted in the remarks, contributing to an increased need for nearby student and general housing.
The site totals 2.4 acres and includes 33,891 square feet of building area. As presented, the property is intended to serve either student-oriented housing or the general public, with the current leasing effort underway.
Key Highlights
- Brand‑new complex under construction with YearBuilt 2026; first units delivered March 2026 and starting to lease
- Walking distance to Texas A&M University–Texarkana (TAMUT)
- Multiple master suites with open floorplan, eat‑in kitchen, granite counters, and walk‑in closets
Local Financial Insights For Apartment 5plus
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 | $418.9k | $12.36 |
| − Vacancy | −$50.3k | −$1.48 |
| EGI | $368.6k | $10.88 |
| − OpEx | −$165.9k | −$4.89 |
| NOI | $202.7k | $5.98 |
33,891 SF · lease $12.36/SF/yr · vacancy 12.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.90M
$2.53M – $3.38M
NOI $202,744 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$25.53M
$22.34M – $29.78M
NOI $1,786,903 @ 7.0% cap · market cap 33.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Brand-new apartment complex is 100% complete and in lease-up, with individually metered water and electricity.
Where is this apartment building located?
The property is located at Lionel Avenue Texarkana, TX.
What is the asking price?
The asking price for this property is $5,395,000.
What are key features of this property?
This property features: Brand‑new complex under construction with YearBuilt 2026; first units delivered March 2026 and starting to lease; Walking distance to Texas A&M University–Texarkana (TAMUT); Multiple master suites with open floorplan, eat‑in kitchen, granite counters, and walk‑in closets
