# 505 Bub Hayner Rd, Karnack, TX 75661 > **TL;DR:** residential multi family, $1,050,000, built 1988. > Fireplace, A/C. Est. $5,615/mo. Listed 28 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,050,000 | | Year Built | 1988 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 28 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $5,309 | | Estimated Insurance | $306 | | **Total** | **$5,615** | ## Key Amenities - Fireplace - A/C ## Property Highlights - Built in 1988 - Fireplace ## Description ### Agent 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 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. ## Location - **Address:** 505 Bub Hayner Rd, Karnack, TX 75661 - **County:** Harrison - **Neighborhood:** Leisure Cove - **Coordinates:** 32.676384, -94.098465 - **Google Maps:** https://www.google.com/maps?q=32.676384,-94.098465 ## Listing Agent - **Name:** Sarah Johnston - **Brokerage:** Julie Woods & Associates Real Estate Firm - **Phone:** 9032209053 - **Broker Phone:** (903) 212-2896 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/505-Bub-Hayner-Rd_Karnack_TX_75661_M99414-33506?f=listhub&s=LAARTX&m=20265902&c=propsimple) ## Photos ![505 Bub Hayner Rd - Photo 1](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f4052458208r.jpg) ![505 Bub Hayner Rd - Photo 2](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f1963328837r.jpg) ![505 Bub Hayner Rd - Photo 3](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f318394248r.jpg) ![505 Bub Hayner Rd - Photo 4](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f2806524769r.jpg) ![505 Bub Hayner Rd - Photo 5](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f91500894r.jpg) ![505 Bub Hayner Rd - Photo 6](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f1652433527r.jpg) ![505 Bub Hayner Rd - Photo 7](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f1241393796r.jpg) ![505 Bub Hayner Rd - Photo 8](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f2199222999r.jpg) ![505 Bub Hayner Rd - Photo 9](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f3664833393r.jpg) ![505 Bub Hayner Rd - Photo 10](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f4071996320r.jpg) ![505 Bub Hayner Rd - Photo 11](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f2571832918r.jpg) ![505 Bub Hayner Rd - Photo 12](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f1896657398r.jpg) ![505 Bub Hayner Rd - Photo 13](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f2049496766r.jpg) ![505 Bub Hayner Rd - Photo 14](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f4223869890r.jpg) ![505 Bub Hayner Rd - Photo 15](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f419469164r.jpg) ![505 Bub Hayner Rd - Photo 16](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f3046777829r.jpg) ![505 Bub Hayner Rd - Photo 17](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f1408195116r.jpg) ![505 Bub Hayner Rd - Photo 18](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f1355071049r.jpg) ![505 Bub Hayner Rd - Photo 19](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f3562051183r.jpg) ![505 Bub Hayner Rd - Photo 20](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f1653525430r.jpg) ![505 Bub Hayner Rd - Photo 21](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f73083857r.jpg) ![505 Bub Hayner Rd - Photo 22](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f2684601144r.jpg) ![505 Bub Hayner Rd - Photo 23](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f461162644r.jpg) ![505 Bub Hayner Rd - Photo 24](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f2400638099r.jpg) ![505 Bub Hayner Rd - Photo 25](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f464814861r.jpg) ![505 Bub Hayner Rd - Photo 26](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f3132667639r.jpg) ![505 Bub Hayner Rd - Photo 27](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f232232208r.jpg) ![505 Bub Hayner Rd - Photo 28](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f2934608431r.jpg) ![505 Bub Hayner Rd - Photo 29](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f3588200940r.jpg) ![505 Bub Hayner Rd - Photo 30](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f2221759895r.jpg) ![505 Bub Hayner Rd - Photo 31](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f1831528473r.jpg) ![505 Bub Hayner Rd - Photo 32](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f2257864064r.jpg) ![505 Bub Hayner Rd - Photo 33](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f2426096018r.jpg) ![505 Bub Hayner Rd - Photo 34](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f3316140791r.jpg) ![505 Bub Hayner Rd - Photo 35](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f2068297913r.jpg) ![505 Bub Hayner Rd - Photo 36](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f1323476361r.jpg) ![505 Bub Hayner Rd - Photo 37](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f459881303r.jpg) ![505 Bub Hayner Rd - Photo 38](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f960890042r.jpg) ![505 Bub Hayner Rd - Photo 39](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f4008186408r.jpg) ![505 Bub Hayner Rd - Photo 40](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f2880200380r.jpg) ![505 Bub Hayner Rd - Photo 41](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f2072074548r.jpg) ![505 Bub Hayner Rd - Photo 42](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f661815432r.jpg) ![505 Bub Hayner Rd - Photo 43](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f2689781807r.jpg) ![505 Bub Hayner Rd - Photo 44](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f1765237213r.jpg) ![505 Bub Hayner Rd - Photo 45](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f3238587189r.jpg) ![505 Bub Hayner Rd - Photo 46](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f2922505123r.jpg) ![505 Bub Hayner Rd - Photo 47](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f3302895273r.jpg) ![505 Bub Hayner Rd - Photo 48](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f259797370r.jpg) ![505 Bub Hayner Rd - Photo 49](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f1646158498r.jpg) ![505 Bub Hayner Rd - Photo 50](http://lh.rdcpix.com/ec957e42023f106c9b9dd0fc615464bdl-f802559766r.jpg) --- **MLS#:** 20265902 | **Updated:** 2026-09-14 **Source:** listhub *Copyright © 2026 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/505-bub-hayner-rd-karnack-tx-75661-20265902) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/505-bub-hayner-rd-karnack-tx-75661-20265902#listing", "url": "https://www.propertysimple.ai/listing/505-bub-hayner-rd-karnack-tx-75661-20265902", "name": "505 Bub Hayner Rd, Karnack, TX 75661", "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 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. 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