#116197, Listing office: Impact Realty Group, LLC
Property details
About 5853 Wallace Rd
Investor Special! 2 Bed | 1 Bath | 850 Sq. Ft. Opportunity knocks! This 850 sq. ft. property is a blank canvas ready for your vision. Whether you’re an investor, flipper, or someone looking to build sweat equity, this home has serious potential. Located inside the city limits of Texarkana, AR, the property needs substantial repairs and updates throughout. Being sold AS-IS, this is your chance to bring it back to life and create value in a market with strong rental or resale potential. Don’t miss out on this diamond in the rough!
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCeiling Fan(s)
Size850 sqft
Lot size0.43 Acres
Year built1950
ParkingShared Driveway
MLS #117866
Summary
- Full Bathrooms: 1
- Appliances: Refrigerator, Gas Water Heater
- Flooring Type: Vinyl
- Total Bedroom Count: 2
- Attached Garage: No
- Parking: Shared Driveway
- Exterior: Porch
- Architectural Style: None Apply
- Heating: Central, Electric
- Cooling: Ceiling Fan(s)
- List Price: $24,900
- Price/SqFt: $29
- Annual Tax Amount: $301
- Tax Year: 2024
- Directions: Hwy 71 S to Wallace Rd. Turn East on Wallace. House is on right.
- Year Built: 1950
- Living Area: 850 SqFt
- Lot Size: 0.43 Acres
- MLS Number: 117866
- MLS Name: Texarkana
- Office Name: Elite Realty Group
- Office Phone: (850) 222-2738
© 2025 Texarkana Board of REALTORS® MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/16/2025, 12:45:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 08, 2024 | Home Sold | $13,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $5,250 | $301 |
History based on county public records data.
Nearby schools
10
Genoa Central Elementary School
Public District KG-4
5.4 mi
•12018 Highway 196
5
Fairview Elementary Aerospace & Pre-Engineering Discovery School
Public Magnet KG-5
6.3 mi
•801 E 16th St
4
Highland Park Elementary School
Public District PK-5
6.8 mi
•401 W 25th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $64,015. The majority of Texarkana, AR residents have income between $35k-100k annually. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
19%
<35k
65%
35k-100k
16%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
25%
Single, No Kids
12%
Single, with Kids
35%
Married, No Kids
28%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
10%
12-17 yrs old
19%
18-34 yrs old
44%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Hunting
Monster Trucks
NASCAR
Where do the neighbors shop?
Wal-Mart
Dollar General
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
Ram
Chevrolet
GMC
What do the neighbors listen to?
Classic Country- Country
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5853 Wallace Rd
The listing price of 5853 Wallace Rd property is $24,900.
The property 5853 Wallace Rd is a house located in Texarkana, Arkansas, 71854.
Active Listing: 5853 Wallace Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5853 Wallace Rd are: Genoa Central Elementary School (GreatSchools Rating 10/10), Fairview Elementary Aerospace & Pre-Engineering Discovery School (GreatSchools Rating 5/10), Highland Park Elementary School (GreatSchools Rating 4/10), Arkansas Middle School (GreatSchools Rating 5/10), Gary E. Cobb Middle School (GreatSchools Rating 7/10), Liberty-Eylau Middle School (GreatSchools Rating 2/10), Genoa Central High School (GreatSchools Rating 6/10), Arkansas High School (GreatSchools Rating 3/10), Liberty-Eylau High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $301 (source: MLS/based on county public records data).
The last sale was on February 8, 2024 for $13,000 (source: MLS/tax record).
The property at 5853 Wallace Rd has 2 bedrooms and 1 bathroom.
The property 5853 Wallace Rd is 850 SqFt (source: MLS/tax record).
The year of construction for 5853 Wallace Rd is 1950.
This home is located at 5853 Wallace Rd in Texarkana, AR and zip code 71854. This 850 square foot home, which was built in 1950, sits on a 0.43 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 3, 2025 and is currently priced at $24,900.
In June 2025, from all listings sold in Texarkana, AR there were more than 4 sold above asking price, over 12 sold below and more than 5 were sold right at the asked price. Between May and June 2025, Texarkana, AR real estate market has seen increase in the number of listings by 13.5%.
From Rocket Homes Real Estate and based on county public records data.