Four-Unit Townhome
1102 Newcastle Drive Weatherford, TX 76086
1102 Newcastle Drive, Weatherford, TX, 76086
$1,650,000
For Sale
$1,650,000
Four attached 3-bedroom, 2-bath townhomes are fully occupied, with each unit featuring a two-car garage.
Property Size9,856 SF
Price / SF$167.41
Days on Market169
Property Features for 1102 Newcastle Drive
General Information
- Standard status
- Active
- Size
- 9,856 SF
- Property subtype
- Multi-Family / Multiple Single Units
Building Details
- Year Built
- 2014
Listing agency
Symphony Commercial, LLC
(214) 995-2931
Listed by
Mohsen Tartibi · License #0549193
(214) 995-2931
Source
Compass
Added: Feb 2 Updated: Jul 21 at 1:40AM Checked: Jul 21 at 8:14AM
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 Symphony Commercial, LLC
Investment Insights
Based on property information with market context.
This for-sale townhome package includes four attached units configured as 3 bedrooms and 2 bathrooms each. All four townhomes are fully occupied, with 100% occupancy reported, and each unit includes a two-car garage. The property is presented as a turnkey investment with current tenants in place.
Additional investment availability is noted: 12 more individual townhome units located on three separate blocks within the same neighborhood are also available for purchase. Interested parties can request financials, rent roll, and showing details.
The offering provides a straightforward, owner-managed multi-unit structure with attached layouts and consistent unit amenities across the four units.
Additional investment availability is noted: 12 more individual townhome units located on three separate blocks within the same neighborhood are also available for purchase. Interested parties can request financials, rent roll, and showing details.
The offering provides a straightforward, owner-managed multi-unit structure with attached layouts and consistent unit amenities across the four units.
Key Highlights
- Four attached 3BR/2BA townhomes, fully occupied and 100% leased
- Each townhome includes a two‑car garage
- Year built 2014; frame, siding, and wood construction with slab foundation
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 | $305.1k | $30.96 |
| − Vacancy | −$32.7k | −$3.31 |
| EGI | $272.5k | $27.65 |
| − OpEx | −$122.6k | −$12.44 |
| NOI | $149.9k | $15.21 |
9,856 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.48M
$2.17M – $2.89M
NOI $173,303 @ 7.0% cap · market cap 10.50%
Second Best
Apartment 5plus
$2.14M
$1.87M – $2.50M
NOI $149,870 @ 7.0% cap · market cap 9.08%
Theoretical Best
Industrial
$9.79M
$8.57M – $11.43M
NOI $685,547 @ 7.0% cap · market cap 41.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four attached 3-bedroom, 2-bath townhomes are fully occupied, with each unit featuring a two-car garage.
Where is this quadplex located?
The property is located at 1102 Newcastle Drive Weatherford, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Four attached 3BR/2BA townhomes, fully occupied and 100% leased; Each townhome includes a two‑car garage; Year built 2014; frame, siding, and wood construction with slab foundation
