8-Unit Apartment
105 West Pine Street Whitewright, TX 75491
105 West Pine Street, Whitewright, TX, 75491
$675,000
For Sale
$675,000
Fully occupied 8-plex with separately metered utilities and in-unit washer/dryer connections.
Property Size5,971 SF
Price / SF$113.05
Days on Market93
Property Features for 105 West Pine Street
General Information
- Standard status
- Active
- Size
- 5,971 SF
- Property subtype
- Multi-Family / Apartment/5Plex+
Building Details
- Year Built
- 1979
Listing agency
DFW Elite
(903) 819-2928
Listed by
Sheri Kent · License #0496604
(903) 819-2928
Source
Compass
Added: Apr 21 Updated: Jul 22 at 8:56AM Checked: Jul 22 at 8:56AM
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 DFW Elite
Investment Insights
Based on property information with market context.
This fully occupied 8-unit apartment building offers eight 1-bedroom, 1-bath units. The floor plans feature spacious living areas and large bedrooms, with 14x14 dimensions noted for both the living room and bedrooms. Each unit has front and back doors, an individual storage closet, and interior washer and dryer connections, along with separate utility metering for gas, water, and electric so tenants pay independently.
Shared courtyards are provided for the building. Each unit allows up to two parking spaces. The owner’s stated responsibilities include taxes, insurance, maintenance, and lawn care, and a new roof was installed on all units in 2023.
The property is configured as a long-term, tenant-occupied income asset with individually metered services and a unit-level layout designed for comfortable 1BR living.
Shared courtyards are provided for the building. Each unit allows up to two parking spaces. The owner’s stated responsibilities include taxes, insurance, maintenance, and lawn care, and a new roof was installed on all units in 2023.
The property is configured as a long-term, tenant-occupied income asset with individually metered services and a unit-level layout designed for comfortable 1BR living.
Key Highlights
- Fully occupied 8‑plex with long‑term tenant leases in place
- 8 units total; each unit is 1BR/1BA and approximately 650 SF
- Each unit has front and back doors plus individual storage closets and interior washer/dryer connections
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.8k | $14.04 |
| − Vacancy | −$10.1k | −$1.68 |
| EGI | $73.8k | $12.36 |
| − OpEx | −$33.2k | −$5.56 |
| NOI | $40.6k | $6.80 |
5,971 SF · lease $14.04/SF/yr · vacancy 12.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$579.6K
$507.2K – $676.3K
NOI $40,575 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.06M
$2.68M – $3.57M
NOI $214,419 @ 7.0% cap · market cap 31.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully occupied 8-plex with separately metered utilities and in-unit washer/dryer connections.
Where is this apartment building located?
The property is located at 105 West Pine Street Whitewright, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Fully occupied 8‑plex with long‑term tenant leases in place; 8 units total; each unit is 1BR/1BA and approximately 650 SF; Each unit has front and back doors plus individual storage closets and interior washer/dryer connections
