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Gatesville Quadplex with Private Backyards

106 Bluebonnet Street Unit 4 Gatesville, TX 76528

106 Bluebonnet Street Unit 4, Gatesville, TX, 76528

$650,000

For Sale

$650,000

Well-maintained quadplex in Gatesville with private backyards and patios.

Property Size4,352 SF

Price / SF$149.36

AddedOct 1, 2025

Days on Market288

Last RefreshJul 4 at 1:22 pm

Property Features for 106 Bluebonnet Street Unit 4

General Information

Standard status: Active
Size: 4,352 SF
Property subtype: Multi-Family / Fourplex

Building Details

Year Built: 2004

Listing office UCRE Heart of Texas Land & Home

Listing date Oct 1, 2025

Source Compass

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 UCRE Heart of Texas Land & Home

Investment Insights

Based on property information with market context.

This well-maintained quadplex is located in a peaceful Gatesville neighborhood. The property consists of four units, each featuring 3 bedrooms, 2 full bathrooms, and approximately 1,088 sq. ft. of living space. The units have a two-story townhome layout, including a full-size kitchen, a comfortable living area, and a first-floor bedroom. Each unit includes a private backyard and covered patio. The property received a new roof in November 2022. It is located in a quiet residential area close to schools and local amenities.

Key Highlights

Well‑maintained quadplex in a peaceful neighborhood, offering immediate rental income potential.
Each unit features 3 bedrooms and 2 full bathrooms with approximately 1,088 sq. ft. of living space.
Each unit has a private backyard and covered patio.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$57.4k	$13.20
− Vacancy	−$3.7k	−$0.85
EGI	$53.7k	$12.35
− OpEx	−$16.1k	−$3.70
NOI	$37.6k	$8.64

4,352 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$537.4K

$470.2K – $626.9K (±1% cap)

NOI $37,615 @ 7.0% cap · market cap 5.79%

Second Best

Apartment 5plus

$497.2K

$435.0K – $580.0K (±1% cap)

NOI $34,801 @ 7.0% cap · market cap 5.35%

Theoretical Best

Office A

$1.05M

$914.7K – $1.22M (±1% cap)

NOI $73,172 @ 7.0% cap · market cap 11.26%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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Suggested Use

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For sale
Quadplexes
TX
Gatesville
76528
106 Bluebonnet Street Unit 4

What type of property is this?

Quadplex - Well-maintained quadplex in Gatesville with private backyards and patios.

Where is this quadplex located?

The property is located at 106 Bluebonnet Street Unit 4 Gatesville, TX.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Well‑maintained quadplex in a peaceful neighborhood, offering immediate rental income potential.; Each unit features **3 bedrooms and 2 full bathrooms** with approximately 1,088 sq. ft. of living space.; **Each unit has a private backyard and covered patio.**