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$199,000

506 N Walnut St., Clarksville, TX, 75426

Off MarketInfo
Beds6 Beds
Baths7 Bath
Baths2,934 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$67.83 / sqft
Year BuiltBuilt in 1881

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 7Bathrooms Full 7
AppliancesDishwasher
FlooringWood

Exterior

Exterior FeaturesBalcony
Lot Size16,771 sqft

Building Information

Year Built1918

Land Information

APN0-12330-07600-0010-00
Land UseResidential
Legal DescriptionLOT 1+4,E34 FT-5, N 25' OF E34'-6, N 25' OF 2-3 BLK 76 GOR-CVLLE TC-13 0.385 ACRES
Census Tract950502
Assessed Land Value$4,125
Assessed Improvement Value$127,884
Assessment Year2025

About this property

The Courthouse Inn is a rare opportunity to own a piece of Clarksville’s rich history. Built in the 1800s and located in the heart of the town’s historic downtown district, this six-bedroom, seven-bathroom bed and breakfast sits just steps from the iconic Red River County Courthouse. The property blends timeless architecture with modern comfort, offering guests a warm, inviting experience steeped in Southern charm. Original woodwork, vintage details, and spacious common areas make it ideal for hosting travelers, events, or simply enjoying the slower pace of small-town life. Surrounded by antique shops, local eateries, and cultural landmarks, The Courthouse Inn is more than a business—it’s a legacy waiting to be carried forward.

Investor Tools

Property Icon
$187,000
Estimated Property Value
$0Estimated Mortgage Balance
$187,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,194 /month
Positive
Cash Flow Estimate:
$398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$137/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$710
$132,009
2025
$4,125
$127,884
$132,009
No

Tax History

Year
Tax Paid
Assessed Value
2025
$710
$132,009

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$187,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Clarksville

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