1106 ESPLANADE ST, MARSHALL, TX 75670
Homes for sale in Marshall.
Homes for sale in 75670.
List Price$395,000
1106 Esplanade St
Marshall, TX 75670
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
Similar Listings
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.
Schools
Walk Score
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