Gatesville Quadplex with Private
106 Bluebonnet Street Unit 4, Gatesville, TX 76528
Well-maintained quadplex in Gatesville with private backyards and patios.
Type:Multi-Family / Fourplex
Property size:
4,352 SFPrice / SF:
$149/SF- Added:
- Sep 25, 2025
- Days on Market:
- 249
- Last Refresh:
- Mar 13 at 6:25 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 agent Glenda Hall License #0578236 (254) 362-5370
Listing office UCRE Heart of Texas Land & Home (254) 362-5370
Listing date Sep 25, 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
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.
- New roof installed in November 2022, ensuring low maintenance for years to come.
- Convenient two‑story townhome layout with a first‑floor bedroom in each unit.
- Located in a quiet residential area close to schools and local amenities.
Overview
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.
Local Financial Insights For Multifamily LT 5
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 | $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
NOI $37,615 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$497.2K
$435.0K – $580.0K
NOI $34,801 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$1.05M
$914.7K – $1.22M
NOI $73,172 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Gatesville
- County
- Coryell
- State
- Texas
- Longitude
- -97.709989
- Latitude
- 31.4113493
Nearby Similar for Sale
FAQs
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.**
