Listing provided courtesy of RE/MAX ProfessionalsMLS# 26009048MLS Provider
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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.

Source: Tyler Texas MLS, MLS#: 26009048

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  • Property Type
    Commercial Sale
  • Lot
    0.25 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1106 Esplanade St


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/29/2026Source: Tyler Texas MLS Added to Database
June 29, 2026