Four-Unit Multifamily
For Sale
$619,900
106 Bluebonnet St Unit 4, Gatesville, TX 76528
Fully occupied residential income property with private outdoor space and functional three-bedroom floor plans.
Property Size4,352 SF
Price / SF$142.44
Days on Market361
Property Features for 106 Bluebonnet St Unit 4
General Information
Standard status
Active
Size
4,352 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Amenities
private fenced backyard
covered patio
Building Details
Year Built
2004
Listing Agency:
UCRE Heart of Texas Land & Home
Listed By:
Glenda Hall · License #0578236
(254) 362-5370
Source:
Dfwareahousehunt
Added: Oct 19, 2025
Changed: Oct 10
Last Checked: Oct 12 at 7:54PM
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 four-unit multifamily property at 106 Bluebonnet Street in Gatesville, Texas, contains 4,352 square feet completed in 2004. Each residence measures approximately 1,088 square feet and includes three bedrooms, two bathrooms, a full kitchen, living area, and a first-floor bedroom. Private fenced yards and covered patios provide dedicated outdoor space for each unit.
The property is 100% occupied and has a roof installed in 2022. It sits in an established residential neighborhood near schools, shopping, restaurants, and local services. Exterior viewing only; tenants should not be disturbed.
The property is 100% occupied and has a roof installed in 2022. It sits in an established residential neighborhood near schools, shopping, restaurants, and local services. Exterior viewing only; tenants should not be disturbed.
Key Highlights
- Four units totaling 4,352 square feet
- Each unit is approximately 1,088 square feet with a 3‑bedroom, 2‑bath layout
- 100% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,615
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,300
$752.3K
Cap Rate 7%
$537,357
$537.4K
Cap Rate 9%
$417,944
$417.9K
Market Conditions
NOI Build-Up for 4,352 SF
Gross rent
$57.4K $13.20/SF
− Vacancy
−$3.7K −$0.85/SF
EGI
$53.7K $12.35/SF
− OpEx
−$16.1K −$3.70/SF
NOI
$37.6K $8.64/SF
Area
Coryell County, TX
Vacancy
6.46%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,300
Cap Rate 7%
$537,357
Cap Rate 9%
$417,944
Alternative Uses
Best Use
Multifamily LT 5
$537.4K
$470.2K – $626.9K
NOI $37,615 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$497.2K
$435.0K – $580.0K
NOI $34,801 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$1.05M
$914.7K – $1.22M
NOI $73,172 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 76528, TX
18,773
Population
7,311
Households
2.6
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
486.3 sq mi
ZIP Area
39
Density / Sq Mi
$66,989
Median Household Income
$37,705
Median Earnings
$848
Median Rent
$189,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residential income property with private outdoor space and functional three-bedroom floor plans.
Where is this quadplex located?
The property is located at 106 Bluebonnet St Unit 4 Gatesville, TX.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Four units totaling 4,352 square feet; Each unit is approximately 1,088 square feet with a 3‑bedroom, 2‑bath layout; 100% occupancy
