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    1610 Newsom Mound Rd Springtown, TX 76082

    For Sale
    $985,000

    Multiple Single Units - Springtown, TX

    Lot size:
    3.35 Acres
    Days on Market:
    66
    Last Refresh:
    Dec 5 at 8:06 pm

    Property Features for 1610 Newsom Mound Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    11
    Bathrooms
    6
    APN
    R000069436
    Parking
    24
    Parking features
    Assigned, Carport, Covered
    Interior features
    High Speed Internet Available
    Exterior features
    Storage
    Appliances
    Dishwasher, Dryer, Microwave, Range, Range - Gas, Washer
    Lot size
    3.35 Acres

    Utilities

    Heating system
    Central, Propane (Heating)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Tile, Tile - Ceramic
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Storage

    Welcome Home Residential PLLC (214) 733-3596

    Listing agent Gene Monroe (214) 733-3596 License #0517879

    Listing date Oct 1, 2025

    MLS# 21075365 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Six Tenant-Occupied Homes on 3.351 Acres

    This unique property in Springtown, Texas, presents an investment opportunity with six tenant-occupied homes situated on 3.351 acres. Each home occupies approximately half an acre and is surrounded by Pecan and Blackjack oak trees. Five of the homes feature two bedrooms and one bath; four of these were fully renovated in 2010, and the fifth was fully renovated in 2022. These five homes have pier and beam foundations and include central HVAC, propane heat, and hardwired smoke detectors. The sixth home, constructed in 2018, offers one bedroom and one bath, a slab foundation, Hardie plank siding, packaged terminal AC with electric heat, and battery-operated smoke detectors. Five homes are equipped with owner-supplied washer and dryers. Each home includes a 150-gallon propane tank, 200-amp electric service, a refrigerator with icemaker, built-in microwave, dishwasher, propane range, propane tankless water heater, tile flooring, Low-E vinyl double-pane single-hung windows, ceiling fans, mini blinds, and motion detection exterior security lights. Two homes have one-car attached garages, while three have large detached carports. Each home has its own septic system, with two being aerobic and four being conventional. Each home is separately metered, with tenants responsible for their own water, electricity, propane, and lawn care. The owner provides a community dumpster for trash disposal. The property is projected to produce a 7% cap rate based on the listing price with a conservative projected net income for 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Department Store Food Market Storage Facility HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springtown
    County
    Parker
    State
    Texas
    Longitude
    -97.598768
    Latitude
    32.915227

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    FAQs

    What type of property is this?
    Single family property - Six homes on 3.351 acres, an excellent investment opportunity.
    Where is this single family property located?
    The property is located at 1610 Newsom Mound Rd Springtown, TX.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: - Six tenant-occupied homes on 3.351 acres, providing immediate rental income.; - Projected 7% cap rate for 2025 based on the listing price.; - Five homes renovated with modern amenities (four in 2010, one in 2022).
    (214) 733-3596
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1610 Newsom Mound Rd Springtown, TX 76082
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