Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tenant-Occupied Income Property in Calvert, TX Title is generated by Realmo AI

    304 W Burnett, Calvert, TX 77837

    View on Map
    Claim this Listing
    For Sale
    $75,000

    Multiple Single Units - Calvert, TX

    Lot size:
    0.40 Acres
    Added:
    Jan 16, 2026
    Days on Market:
    120
    Last Refresh:
    May 16 at 5:06 pm

    Property Features for 304 W Burnett

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    4
    Interior features
    Eat-in Kitchen
    Standard status
    Active
    APN
    030000017280
    Lot size
    0.40 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1950
    Floors in Building
    1
    Flooring type
    Carpet, Laminate
    Roof type
    Composition, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Myka Allen-Johnson

    Listing agent Myka Allen-Johnson

    Listing office Elevate Texas Real Estate 1507 W Stan Schlueter Loop, Killeen, TX

    Listing date Jan 16, 2026

    MLS# 20975954 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

    • Four separate, tenant‑occupied buildings providing immediate rental income.
    • Significant potential for increased value through renovation, redevelopment, or repositioning.
    • Priced for quick sale, presenting an attractive investment opportunity.
    • Multiple income streams from existing tenants.
    • Versatile property suitable for multi‑family, rental, flip, or redevelopment strategies.
    • Includes eat‑in kitchens, carpet and laminate flooring, natural gas heating, and multi/window unit cooling.

    Overview

    This property features four separate tenant-occupied buildings, presenting opportunities for rental income or future development. This property is being sold AS-IS and is suited for multi-family, rental, flip, or redevelopment ventures. The property is currently generating income with tenants in place. The lot size is 0.396 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Law Firm Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Food Market Department Store Accounting Firm Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Calvert
    County
    Robertson
    State
    Texas
    Longitude
    -96.672381
    Latitude
    30.979872

    Nearby Similar for Sale

    • $350,000
      2,250 SF

      Highway Frontage Commercial Investment Opportunity

      One-acre commercial property with highway frontage and restaurant infrastructure.
      1621 S Main Street, Calvert, TX 77837
      View Details
    • $315,000
      2,600 SF

      Farmhouse on 2 Acres Near Calvert

      Farm property with rental income potential near Calvert, Texas.
      9523 West Farm to Market 1644, Calvert, TX 77837
      View Details
    • $299,000
      4,500 SF

      Historic Victorian Foundry on Main

      Victorian-era foundry with original features in historic Calvert, Texas.
      502 S MAIN, Calvert, TX 77837
      View Details
    • $1,250,000
      2,918 SF

      Stunning 30-Acre Countryside Property

      30-acre property with main home, barn, shop, and pond.
      10794 Fm 2159, Calvert, TX 77837
      View Details
    • $425,000

      Historic Mixed-Use Building in Calvert

      Unique 1868 building with potential for various commercial uses.
      Main Street, Calvert, TX 77837
      View Details
    • $299,000

      Historic Victorian Foundry in Calvert

      Victorian-era foundry with original features on Main Street.
      MAIN, Calvert, TX 77837
      View Details
    • $250,000
      750 SF

      Restaurant and Light Industrial Buildings

      Two freestanding retail properties with high visibility on State Highway.
      N Main St, Calvert, TX 77837
      View Details
    • $250,000
      3,250 SF

      Two Retail Properties in Calvert

      Two freestanding retail properties in high-traffic Calvert, Texas.
      304 Main St, Calvert, TX 77837
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Four tenant-occupied buildings on one property, ideal for rental income.
    Where is this multifamily property located?
    The property is located at 304 W Burnett Calvert, TX.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Four separate, tenant‑occupied buildings providing immediate rental income.; Significant potential for increased value through renovation, redevelopment, or repositioning.; Priced for quick sale, presenting an attractive investment opportunity.
    (254) 346-4126
    We can help!
    Listing Contact
    Myka Allen-Johnson
    Real Estate License ID: 0505260
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    304 W Burnett, Calvert, TX 77837
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!