505 Bub Hayner Road

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Active
$1,000,050

505 Bub Hayner Rd, Karnack, TX 75661

Est: $5,389/moGet pre-approved
Multi FamilyProperty Type
1988Year Built

Description

Rare income-producing opportunity near the iconic waters of caddo lake! Welcome to The Cove at 505 Bub Hayner Road in Karnack, Texas, where strong investment potential, acreage, and the East Texas lake lifestyle come together in one truly unique property. Situated on approximately 7.7 acres and offered at $1,050,000, this established investment property features 14 total rentals, including two RV sites with additional RV accommodations in the works, creating multiple streams of income with even more...Rare income-producing opportunity near the iconic waters of caddo lake! Welcome to The Cove at 505 Bub Hayner Road in Karnack, Texas, where strong investment potential, acreage, and the East Texas lake lifestyle come together in one truly unique property. Situated on approximately 7.7 acres and offered at $1,050,000, this established investment property features 14 total rentals, including two RV sites with additional RV accommodations in the works, creating multiple streams of income with even more potential for future growth. The residential units offer a desirable mix of floor plans ranging from one-bedroom/one-bath and two-bedroom units to spacious three-bedroom/two-bath residences, appealing to a variety of tenants. One of the property’s greatest strengths is its consistent rental history. The units have historically maintained strong occupancy and consistently stay rented, providing an established income stream for the next owner. Many of the units have also been updated, making this an attractive opportunity for an investor looking to step into an operating rental property rather than start from the ground up. Based on the seller-provided 2025 T12 and reported net operating income, the property reflects an approximate 11.7% cap rate at the current $1,050,000 asking price. T12 and additional financial information are available to qualified buyers for review. What truly sets The Cove apart is the setting. Residents and guests can enjoy a private boat ramp and fishing pier, providing convenient access to the incredible outdoor lifestyle surrounding Caddo Lake. The existing RV sites provide an additional source of revenue, while planned additional RV accommodations offer even more potential for a future owner to expand the property’s income-producing capabilities. An additional on-site building creates another exciting opportunity and could potentially be transformed into a laundry facility, snack shop, convenience area, or additional tenant amenity. Aerobic systems are already in place, adding to the property’s existing infrastructure. With 14 rentals, strong and consistent occupancy, multiple income streams, an approximate 11.7% cap rate based on seller-provided financials, 7.7 acres, RV accommodations, private water access, and additional upside potential, The Cove offers an investment opportunity that is increasingly difficult to replicate. Own the income. Own the acreage. Own a piece of the Caddo Lake lifestyle. Offered at $1,050,000. Schedule your private tour today and discover the investment potential of 505 Bub Hayner Road.
1 day on Market
  • Listed by: Sarah Johnston 903.220.9053 sarahljohnstonrealtor@gmail.com TREC #0789818 • Julie Woods & Associate RE Firm
Last updated: 08/19/2026 01:36 PM • Source: Longview Area Association of REALTORS, MLS#: 20265902
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Listing Courtesy of Julie Woods & Associate RE Firm, Sarah Johnston
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$5,389 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,339

Property Taxes

$50

HOA Dues

$0

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Property Information for 505 Bub Hayner Road

Property Details

  • MLS Type: Residential Income / Multi Family
  • County: Harrison County
  • Architectural Style: Slab, Pier And Beam, 2 Story, Combo Pier And Beam/Slab
  • Subdivision Name: Leisure Cove

Building Information

  • Residences: 14
  • Year Built: 1988

Summary

Location and General Information
  • Directions: From Texas Highway 43, Take a right on FM 2682. Take a right on FM 134. Take a left on FM 1999. Take another left on FM 9 and a right on Bub Hayner Rd. Property on your right.
  • Latitude: 32.676384
  • Longitude: -94.098466
  • MLS Area Major: KARNACK ISD
Taxes and HOA
  • Parcel Number: 56319
Parking
  • Attached Garage: Yes
  • Carport: Yes
  • Parking Features: Attached

Property

Lot Information
  • Lot Features: Landscaped
Property and Assessments
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1988
Building Features
  • Construction Materials: Brick, Frame
  • Roof: Metal, Composition, Flat
Utilities
  • Utilities: Electricity Available

Interior and Exterior Features

Exterior Features
  • Fencing: Partial
  • Patio And Porch Features: Patio
Interior Features
  • Appliances: Dishwasher, Electric Oven, Electric Range, Oven
  • Cooling: Central Air, Ceiling Fan(s)
  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes
  • Fireplace Features: Living Room
  • Flooring: Tile, Vinyl, Carpet
  • Interior Features: Pantry, High Ceilings, High Speed Internet
  • Laundry Features: In Bathroom
  • Window Features: Skylight(s)

Multi Family

Multi Family Information
  • Number Of Units Total: 14

Property History for 505 Bub Hayner Road

DateEvent & SourcePriceAppreciation
Aug 18, 2026

Listed (Active)

Longview Area Association of REALTORS #20265902

$1,000,050—
DateEvent & SourcePrice
08/18/2026

Listed (Active)

Longview Area Association of REALTORS #20265902

$1,000,050

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 505 Bub Hayner Road

Taxable Value

Land

$11,100

Additions

$115,690
Total$126,790

Tax Record

2024

$601 ($50 / month)

Home Facts

Beds

0

Total Finished SqFt

1,276 SqFt

Above Grade Finished SqFt

1,276 SqFt

Stories

1

Lot Size

5,271 SqFt

Style

Single Family Residence

Year Built

1994

County

HARRISON

APN

01975.00007.00010.000000

Schools near 505 Bub Hayner Road

This home is within Karnack Independent School District.
Rating
School
Type
Grades
Distance
George Washington Carver Elementary School
Public - PK to 8
Jefferson High School
Public - 9 to 12
Rating
School
Distance
George Washington Carver Elementary School
PublicPK to 8

Jefferson High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 505 Bub Hayner Road, Karnack, TX 75661

505 Bub Hayner Road is a multi-family home for sale in Karnack, TX 75661. This property was listed for sale on August 18, 2026 by Julie Woods & Associate RE Firm, it's currently listed at $1,000,050. This listing's school district is Karnack Independent School District. Nearby schools include George Washington Carver Elementary School and Jefferson High School. 505 Bub Hayner Road is a 0-bed, 0-bath multi-family home built in 1988.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Julie Woods & Associate RE Firm, Sarah Johnston

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Longview Area Association of REALTORS®. 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. Real estate listings held by brokerage firms other than Compass and its related brokerages, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Longview Area Association of REALTORS®. All Rights Reserved.