1106 ESPLANADE ST, MARSHALL, TX 75670

Homes for sale in Marshall.

Homes for sale in 75670.


Active

List Price$395,000

1106 Esplanade St

Marshall, TX 75670

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #26009048

11,024

Square Feet

Commercial

Type

About This Property

Introducing an exceptional investment opportunity in Marshall, Texas--a stabilized 7-unit multifamily property ideally located at 1106 Esplanade Street, just approximately half a mile from East Texas Baptist University. Combining recent major capital improvements with future income potential, this property is an excellent opportunity for both seasoned investors and owner-operators. Situated on approximately 0.253 acres, the property features a two-story, 3,400-square-foot apartment building with a desirable unit mix of five 1-bedroom, 1-bath units, one 2-bedroom, 1-bath unit, and one studio apartment. Each unit offers its own unique character, appealing to a wide range of tenants and contributing to consistent occupancy. Major improvements have already been completed, including a full roof replacement with architectural shingles in December 2023, extensive renovations in 2023, and foundation work completed in January 2026--allowing a new owner to focus on maximizing returns rather than major repairs. The property also features copper wiring, individually metered electric for applicable units, and ample off-street parking for residents. Adding even more value is a large detached garage/storage building, creating opportunities for additional rental income, tenant storage, or future redevelopment possibilities. Located near East Texas Baptist University and surrounded by major employers, retail, restaurants, and everyday conveniences--including Walmart, Lowe's, Chick-fil-A, CVS, McDonald's, Family Dollar, Dollar General, Verizon, Firestone, and more--the property benefits from strong workforce and student housing demand. With a proven unit mix, significant recent improvements, excellent location, and opportunities for future rent growth through active management, this Marshall multifamily property offers the ideal combination of stability, upside potential, and long-term investment value.

Property Features

Location Information

County

Harrison

Directions

Head east on I-20 E, take exit 610 towards FM 3251, turn left, continue onto FM 3251, turn right onto FM 968E, turn right onto US-80 E, turn left onto N Grove St, turn right onto Virginia St, turn right onto Esplanade St and the destination will be on the left.

Interior Features

Heating

Space Heat

Cooling

Window Unit(s)

Exterior Features

Construction

Brick Veneer

Lot Size in Acres

0.253

Septic or Sewer

Public Sewer

Zoning

Multi Family Dwelling

Water

Public

Road Access Type

City/Town Road

Parking Description

Off Street; 6-10

Has Waterfront

No

Topography

Level

Additional Information

Building Description

Apartments

Year Built

1930

Property Type

COM

Status

Active

Property SubType

Building

Square Feet Source

HCAD

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Mortgage Calculator

$1,844

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$1,423

Monthly Tax

$329

Monthly Insurance

$92

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

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