Two-Unit
100 E Gruver Cir Unit 102, Hewitt, TX 76643
For Sale
$309,000
Each residence has a three-bedroom, two-bath plan, laundry connections, and a covered carport space.
Property Size2,230 SF
Lot Size0.31 Acres
Price / SF$138.57
Days on Market90
Property Features for 100 E Gruver Cir Unit 102
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
central heating and cooling
living room fireplace
dedicated laundry connections
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
M&D CRE, LLC
Listed By:
Kevin Weable · License TX #689810
(214) 801-7787
Source:
Divinerealtygrp
Added: Aug 14
Changed: Nov 1
Last Checked: Nov 10 at 10:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of M&D CRE, LLC
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Investment Insights
Based on property information with market context.
Built in 1978, this single-story duplex contains 2,230 square feet across two residences on approximately 0.305 acres. Brick exterior walls, a composition-shingle roof, and central heating and cooling serve the property; a living room fireplace is also present. Each unit has three bedrooms, two bathrooms, laundry connections, and a covered carport space.
The property is at 100 E Gruver Cir in Hewitt, within the Southern Hills area, with access throughout Hewitt and the greater Waco area.
The property is at 100 E Gruver Cir in Hewitt, within the Southern Hills area, with access throughout Hewitt and the greater Waco area.
Key Highlights
- Two residences with three bedrooms and two bathrooms apiece
- 2,230 square feet of building area on approximately 0.305 acres
- Built in 1978; single‑story brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,317
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,340
$386.3K
Cap Rate 7%
$275,957
$276.0K
Cap Rate 9%
$214,633
$214.6K
Market Conditions
NOI Build-Up for 2,230 SF
Gross rent
$30.2K $13.56/SF
− Vacancy
−$2.6K −$1.19/SF
EGI
$27.6K $12.37/SF
− OpEx
−$8.3K −$3.71/SF
NOI
$19.3K $8.66/SF
Area
McLennan County, TX
Vacancy
8.74%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,340
Cap Rate 7%
$275,957
Cap Rate 9%
$214,633
Alternative Uses
Best Use
Multifamily LT 5
$276.0K
$241.5K – $322.0K
NOI $19,317 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$253.9K
$222.2K – $296.2K
NOI $17,774 @ 7.0% cap · market cap 5.75%
Theoretical Best
Specialty Retail
$569.5K
$498.3K – $664.5K
NOI $39,867 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
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Business Placement
Demographics for 76643, TX
16,044
Population
6,231
Households
2.6
Avg Household Size
42
Median Age
37%
College-Educated
95%
High-School Grad
7.6 sq mi
ZIP Area
2,111
Density / Sq Mi
$83,798
Median Household Income
$50,432
Median Earnings
$1,389
Median Rent
$252,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in McLennan County, TX
Properties on Market for Duplexes in McLennan County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a three-bedroom, two-bath plan, laundry connections, and a covered carport space.
Where is this duplex located?
The property is located at 100 E Gruver Cir Unit 102 Hewitt, TX.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Two residences with three bedrooms and two bathrooms apiece; 2,230 square feet of building area on approximately 0.305 acres; Built in 1978; single‑story brick construction
