Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    601-603 Clay Street Glen Rose, TX 76043

    View on Map
    Claim this Listing
    New
    For Sale
    $250,000

    Duplex - Glen Rose, TX

    Type:Duplex
    Lot size:
    0.17 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 24 at 5:06 pm

    Property Features for 601-603 Clay Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking
    3
    Parking features
    Carport, Garage
    Patio and Porch features
    Patio, Porch
    Interior features
    Cable Tv Available, Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Fence
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    08953
    Lot size
    0.17 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1986
    Floors in Building
    1
    Flooring type
    Tile, Vinyl
    Building materials
    Brick
    Roof type
    Fiberglass
    Architectural style
    Other

    We can help!

    Listing Contact
    Lori Brannon

    Listing agent Lori Brannon

    Listing office Elevate Realty Group 5353 Acton Hwy, Suite C, Granbury, TX

    Listing date Apr 23, 2026

    MLS# 21240274 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.

    Overview

    Glen Rose Duplex Investment Opportunity

    Located on a corner lot in Glen Rose, this duplex presents an investment opportunity. The property features two units, each with 2 bedrooms and 1 bathroom, providing functional layouts suitable for tenants or multi-generational living. The property is fully occupied, offering immediate rental income. One unit has been recently updated, while the other presents a value-add opportunity and is ready for updates. The corner lot location provides added accessibility and potential for additional parking. Each unit has its own private entrance along with practical outdoor space for tenant use. The lot size is 0.165 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Rose
    County
    Somervell
    State
    Texas
    Longitude
    -97.749768
    Latitude
    32.231437

    Nearby Similar for Sale

    • $400,000

      Glen Rose Retail Opportunity

      High-visibility retail building on US Highway 67 in Glen Rose.
      608 Big Bend Trail, Glen Rose, TX 76043
      View Details
    • $425,000

      Glen Rose Restaurant Opportunity

      Landmark restaurant location with outdoor area and expansion potential.
      212 NE Barnard Street, Glen Rose, TX 76043
      View Details
    • $250,000

      Historic Building in Glen Rose, TX

      Corner lot property with B3 zoning near town square.
      112 Barnard Street, Glen Rose, TX 76043
      View Details
    • $199,750

      Warehouse with Office Space

      Commercial property with warehouse and office space near Hwy 67.
      1497 W Highway 67, Glen Rose, TX 76043
      View Details
    • $850,000

      Glen Rose Storage Facility Investment

      145-unit storage facility on 2 acres in Glen Rose.
      2699 Fm 56, Glen Rose, TX 76043
      View Details
    • $1,100,000

      Established Event Venue Near Glen Rose

      Event venue on 17 acres near Fort Worth, Dallas, Waco.
      3119 County Road 2730, Glen Rose, TX 76043
      View Details
    • $1,100,000

      Glen Rose Hotel and Cottages

      Unique property near historic square, ideal for boutique hotel.
      301 NE Barnard Street, Glen Rose, TX 76043
      View Details
    • $315,000

      Glen Rose Gas Station Opportunity

      Unique gas station and rock house near Paluxy River Walk.
      210 Austin Road, Glen Rose, TX 76043
      View Details
    • $349,000

      Glen Rose Income-Producing Duplex

      Income-producing duplex in Glen Rose with immediate rental income.
      605-607 Clay Street, Glen Rose, TX 76043
      View Details
    • $1,472,777

      Glen Rose Cabins and Land

      12.59 acres with cabins, creek, and development potential.
      4403 Fm-205, Glen Rose, TX 76043
      View Details
    • $875,000

      Glen Rose RV Park Investment

      Established RV park in a thriving tourist destination.
      1607 US 67, Glen Rose, TX 76043
      View Details
    • $350,000

      Texas Hill Country Ranch

      10-acre ranch with top-of-the-world views and unmatched privacy.
      Tbd Lot 7 Private Road 12, Glen Rose, TX 76043
      View Details

    FAQs

    What type of property is this?
    Duplex - Fully occupied duplex on a corner lot in Glen Rose.
    Where is this duplex located?
    The property is located at 601-603 Clay Street Glen Rose, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Immediate rental income from fully occupied duplex.; Two units, each with 2 bedrooms and 1 bathroom.; One unit is **recently updated**.
    (817) 736-5757
    We can help!
    Listing Contact
    Lori Brannon
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!