Historic 1911 Property in Texarkana Offers Three Homes and Immediate Rental Income – $159,000
Located at 2101 Hazel St in Texarkana, Texas, this unique property presents an exciting opportunity for real estate investors, restoration enthusiasts, and buyers looking to generate rental income while building long-term equity. Priced at $159,000, the property includes three separate homes, combining a historic main residence with two additional rental houses. The main home, originally built in 1911, offers approximately 3,065 square feet of living space, with five to six bedrooms, two full bathrooms, and one half bathroom. Along with its impressive size, original architectural details, and recent improvements, the property offers something particularly attractive to investors: two additional homes that are already leased and maintained.
The main residence is undoubtedly the centerpiece of this property. Built more than a century ago, the two-story home features an Early American and traditional architectural style that reflects the character of its era. Historic details throughout the house create an atmosphere that would be difficult to reproduce in a modern construction. From the beautiful wood flooring and original trim to the grand staircase and generously sized rooms, the home offers considerable potential for someone interested in preserving its historic character while introducing modern updates.
Upon entering the main residence, visitors are greeted by spacious interiors and impressive architectural features. High ceilings contribute to the open feeling throughout the house, while the grand staircase serves as one of the most distinctive elements of the interior. The original wood floors add warmth and character, creating a strong foundation for a restoration project. Much of the home’s traditional detailing remains, providing future owners with an opportunity to highlight its historic charm rather than completely redesigning the interior.
With five to six bedrooms, the main residence offers considerable flexibility. The existing layout includes two primary bedrooms, making it particularly interesting for larger households or buyers who need multiple private sleeping areas. Some of the additional bedrooms could also be converted into guest rooms, creative spaces, or dedicated home offices. The generous square footage allows for different arrangements depending on how the next owner intends to use the property.
The home also includes several separate living and gathering spaces. A family room provides a comfortable area for everyday relaxation, while a separate formal dining room offers the opportunity to host larger meals and special occasions. The dining arrangement includes both formal and breakfast areas, providing flexibility for different dining needs. The spacious rooms and traditional layout create an excellent opportunity to restore the home into a welcoming residence that combines historic elegance with modern functionality.
Another appealing feature is the dedicated office space. Whether used for remote work, managing a business, or organizing household activities, having a separate office can be especially useful. The property also features a sunroom, which could become one of the most enjoyable spaces in the house. With its connection to natural light, the sunroom offers an inviting setting for reading, relaxing, enjoying morning coffee, or simply taking a break from the rest of the home.
The kitchen and dining areas provide additional opportunities for improvement and customization. Buyers can explore different renovation ideas while considering the home’s original style and existing layout. The property also includes a utility room with interior laundry facilities, electric dryer hookups, and washer connections. These practical features provide a useful starting point for anyone planning to update the home for modern everyday living.
The main residence includes two full bathrooms and one half bathroom. Bathroom renovations are already in progress, creating an opportunity for the next owner to continue the improvements and complete the spaces according to their preferences. The existing bathrooms include shower and bathtub combinations. Combined with the home’s two primary bedrooms, these facilities provide a foundation for a comfortable larger household, although completing the renovation work will be an important consideration.
Several significant improvements have already been made to the property. The main residence has received a new roof, updated interior water lines, and sheetrock work. These improvements represent meaningful progress for a property of this age, potentially helping reduce some of the work required during the restoration process. The roofing features architectural shingles, while the home’s construction incorporates a combination of aluminum siding, brick, concrete, block, frame, and vinyl siding. Its pillar-and-post pier foundation is another important component that should be evaluated as part of any comprehensive inspection.
The property also includes central heating and natural gas, while cooling is provided through central air conditioning and window units. A gas water heater is included, and the home has several practical features that can support future improvements. Buyers should still evaluate the condition of the electrical, plumbing, HVAC, and structural systems before finalizing renovation plans.
However, what makes this property especially interesting from an investment perspective is that the main house is not the only residence included in the purchase. Two additional homes are located on the property, and both are currently leased and maintained. One is a one-bedroom, one-bathroom residence, while the other offers two bedrooms and one bathroom. These separate living spaces provide immediate rental income potential for the new owner, subject to reviewing the existing leases and rental arrangements.
Having three homes within one property creates several possibilities for different investment strategies. An investor could continue renting the two smaller residences while gradually restoring the historic main house. Alternatively, the main residence could eventually become another rental property, potentially creating an opportunity for multiple income streams from a single purchase. Buyers might also consider using one of the additional homes for extended family or guest accommodation, depending on their long-term plans and applicable property regulations.
The two additional residences also benefit from new roofs, and their current leased and maintained condition adds to the overall appeal. For someone entering the real estate investment market, acquiring a property that already has tenants can be particularly attractive because it offers an opportunity to begin with existing rental activity rather than starting entirely from scratch.
Outside, the property occupies approximately 0.26 acres and sits on a corner lot. Although the acreage is relatively modest, having three separate residences on the property makes efficient use of the available space. Covered outdoor areas, a patio, and porch features provide additional opportunities to enjoy the exterior. Partial fencing offers some separation around the property, while an attached carport provides covered parking. Additional structures, including a guest house, workshop, and outbuilding, contribute to the property’s overall versatility.
At an asking price of $159,000, this Texarkana property offers an unusual combination of historic character, multiple residences, and existing rental activity. Prospective buyers should carefully review the current leases, rental income, property boundaries, utility arrangements, and condition of all three homes before purchasing. It is also important to confirm that the separate residences comply with applicable local requirements.
Ultimately, 2101 Hazel St represents an opportunity that goes beyond purchasing a traditional single-family home. With a historic 1911 residence featuring more than 3,000 square feet, two additional rental houses, recent improvements, and original architectural details, the property offers several ways to create value. Whether the goal is to restore a beautiful historic home, maintain an income-producing rental property, or gradually develop a multi-residence investment, this $159,000 opportunity in Texarkana has plenty of potential for the right buyer.
