MULTIFAMILYRADAR
33-Unit Multifamily in Texarkana, TX, photo 1
New construction
$5,395,000

33-Unit Multifamily in Texarkana, TX

TX · listed Mar 9, 2025 (598 days)

Price per unit compared
This property$163K
Within ~40 mi (16)$33K
Texas median (1,196)$92K
$/unit
$163,485
▲ 77% vs TX · 81st pct
Cap rate
—
 
NOI
$327K
$9,915/unit/yr
Units
33
33 bldg · 2026

Financials

Asking price
$5,395,000
Price per unit
$163,485
Price per sq ft
$159
Gross rent / year
$525,690
Net operating income
$327,207
NOI per unit
$9,915
Cap rate
Not stated
Gross yield
9.7%gross rent ÷ price
Occupancy
61%

As stated by the seller. Verify during due diligence.

Building

Units
33
Unit mix
Not stated
Buildings
33
Year built
2026
Building size
33,891 sq ft
Avg unit size
1,027 sq ft
Lot size
Not stated
Condition
New construction

Deal terms

Owner financing
Not stated

Listing

Listed
Mar 9, 2025
Days on market
598 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
2172

About this property

Brand new Complex Walking distance to the A&M University Texarkana campus. First Units Delivered March 2026! Construction is 100% complete. Currently going through Lease up phase. Great for an investor looking for a brand new construction property for minimal maintenance. Property can easily be geared towards student housing, or to the general public. All units are individually metered for water and Electricity. The University is in need of more student housing. Texas A&M University-Texarkana (TAMUT) Is one of the fastest growing campuses in the A&M system, it has experienced significant growth in recent years, including record enrollment and new academic partnerships. They just recently announced a brand new Sport Complex that is set to start construction in the near future, as well as a Brand new Business, Engineering & Technology building that is set to be complete in the Spring of 2026. With all this growth there is and will be more needs for General Staff and student housing close to campus. Within 5 minutes to all shopping, restaurants, & Healthcare. Come be apart of the growth! Rental rates have been proven and units are renting for $1475-1550 a month. Listed Income and expenses in take into account Taxes, Insurance, 10% Vacancy Rate, Maintenance, Trash, Grounds maintenance, Trash, and 8% Property Management fee. As of August 7th 20 units have been leased out and property is at a 61% Occupancy Rating, Management is consistently leasing units every week.

Location

Approximate area. The exact address is shared on request.

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