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    Two-Home Residential Income Property Title is generated by Realmo AI

    214 County Rd 4870, Newark, TX 76071

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    Claim this Listing
    New
    For Sale
    $445,000

    MULTI_FAMILY - Newark, TX

    Property size:
    2,885 SF
    Lot size:
    0.60 Acres
    Price / SF:
    $154/SF
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 12:06 pm

    Property Features for 214 County Rd 4870

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 2
    Parking
    3
    Parking features
    Driveway, Carport
    Interior features
    BuiltInFeatures, DecorativeDesignerLightingFixtures, EatInKitchen, HighSpeedInternet, OpenFloorplan, Pantry, CableTv, WalkInClosets
    Exterior features
    Lighting, PrivateYard, Storage
    Appliances
    Dishwasher, ElectricCooktop, ElectricOven
    Standard status
    Active
    APN
    763202
    Size
    2,885 SF
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Description
    LOT 17 BLK 16 NEWARK BEACH ESTATES
    Tax Annual Amount
    4147

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air, Ceiling Fan(s)
    Water source
    Well

    Building Details

    Year built
    1979
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile, Vinyl
    Roof type
    Composition
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Angela Hornburg

    Listing agent Angela Hornburg License #0620365

    Listing office One West Real Estate Co. LLC Mansfield, TX

    Listing date Jun 1, 2026

    MLS# 21279220 Listing URL

    Copyright © 2026 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.

    HighLights

    • Two separate residences on one oversized fully fenced lot: a 2,800 SF main home plus a private 800 SF standalone cottage
    • Main home offers 3 bedrooms and 2 bathrooms with multiple living spaces including formal living, dining, and a family room
    • Cottage features 2 bedrooms and 1 bathroom, with its own entrance, fenced yard, and dedicated parking; currently tenant occupied
    • Each home is independently metered, providing flexible setup for rental income and personal use
    • Multiple major system updates: HVAC systems less than 10 years old, water heaters less than 2 years old, and well pump replaced in September 2025
    • Utilities include well water and septic tank; exterior includes private yard, storage sheds, and a 2‑car carport

    Overview

    This residential income property features two separate homes on one oversized, fully fenced lot. The main home offers approximately 2,800 square feet with three bedrooms and two bathrooms, along with multiple living spaces including a formal living area, dining area, and family room. The kitchen includes solid wood cabinetry and ample storage. Fresh interior paint complements the home’s character and functionality. Outside, the property provides expansive front and back yards, two storage sheds, and additional space to suit a variety of lifestyles.

    The second residence is an approximately 800-square-foot standalone cottage with two bedrooms and one bathroom. It has its own entrance, fenced yard, and dedicated parking, and it is currently tenant occupied for immediate rental potential. Each home is independently metered, supporting true income-producing flexibility. A two-car carport is also included, and the property is located outside city limits for a more open, country-style setting.

    With an independently metered main residence and cottage, this setup is well-suited for investors seeking rental income as well as buyers looking for multi-generational living or a live-in and rent-out strategy. Major system updates include HVAC units under 10 years old, water heaters under two years old, and a well pump replacement in September 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Wise
    State
    Texas
    Longitude
    -97.495929
    Latitude
    33.004959

    FAQs

    What type of property is this?
    Duplex - Two independently metered homes on a fully fenced lot offer flexible living and income potential.
    Where is this duplex located?
    The property is located at 214 County Rd 4870 Newark, TX.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: Two separate residences on one oversized fully fenced lot: a 2,800 SF main home plus a private 800 SF standalone cottage; Main home offers 3 bedrooms and 2 bathrooms with multiple living spaces including formal living, dining, and a family room; Cottage features 2 bedrooms and 1 bathroom, with its own entrance, fenced yard, and dedicated parking; currently tenant occupied
    (682) 422-3812
    We can help!
    Listing Contact
    Angela Hornburg
    Real Estate License ID: 0620365
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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