1106 Esplanade St

Description

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.