1193 Cowpen Road
About This Property
Located between Karnack and Marshall, this 86.78-acre East Texas property offers a perfect mix of rural living, recreation, and investment potential. The recently updated 4-bedroom, 2-bath home features fresh paint and new flooring installed within the past two years, making it move-in ready.
The land is divided by Cowpen Road, with approximately 73 acres on the east side and 14 acres on the west. The property features a healthy mix of hardwood and pine timber, providing excellent habitat for deer, hogs, and other wildlife-ideal for hunting or recreational use.
With over 1,800 feet of road frontage on the east side, the tract offers potential for subdividing into smaller parcels, and the 14-acre west-side portion could also be sold separately for added investment flexibility.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 2, 2026 | No longer available | - | |
| No longer available | |||
| Jun 10, 2025 | Listed by Nolan Properties LLC | $525,000 | |
| Listed by Nolan Properties LLC | |||
| Dec 20, 2021 | No longer available | - | |
| No longer available | |||
| Dec 20, 2021 | In contract | - | |
| In contract | |||
| Dec 19, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017