Updated Duplex with Fenced
For Sale
$155,000
1103 E Leon St, Gatesville, TX 76528
Two leased units offer modern finishes, private outdoor areas, and flexible ownership or investment use.
Property Size924 SF
Price / SF$167.75
Days on Market128
Property Features for 1103 E Leon St
General Information
Standard status
Active
Size
924 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
private fenced yards
ramp
Building Details
Year Built
1984
Buildings
1
Tenancy
Multi
Listing Agency:
Camille Johnson
Listed By:
Kellie Gore · License #0697514
(254) 405-6162
Source:
Divinerealtygrp
Added: Jun 11
Changed: Oct 6
Last Checked: Oct 14 at 11:02PM
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 Camille Johnson
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Investment Insights
Based on property information with market context.
This 1984 duplex contains two residences, each arranged with one bedroom and one bathroom. The 924-square-foot property has updated kitchens and bathrooms, luxury vinyl plank flooring, refreshed finishes, and a newer roof. Both units include generous closet storage, dedicated pantry space, and private fenced yards. One residence also has an accessibility ramp, while ample parking supports day-to-day use.
Tenants are currently in place in both units, providing an established occupancy profile. The property is situated in a Gatesville neighborhood near shopping, dining, schools, and everyday amenities. Its two-unit configuration supports either continued rental operation or an owner-occupied arrangement with a separate residence on site.
Tenants are currently in place in both units, providing an established occupancy profile. The property is situated in a Gatesville neighborhood near shopping, dining, schools, and everyday amenities. Its two-unit configuration supports either continued rental operation or an owner-occupied arrangement with a separate residence on site.
Key Highlights
- Two‑unit duplex with 1‑bedroom, 1‑bathroom layouts
- 924 SF property built in 1984
- Updated kitchens, bathrooms, finishes, and luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,986
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$159,720
$159.7K
Cap Rate 7%
$114,086
$114.1K
Cap Rate 9%
$88,733
$88.7K
Market Conditions
NOI Build-Up for 924 SF
Gross rent
$12.2K $13.20/SF
− Vacancy
−$788 −$0.85/SF
EGI
$11.4K $12.35/SF
− OpEx
−$3.4K −$3.70/SF
NOI
$8.0K $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%
$159,720
Cap Rate 7%
$114,086
Cap Rate 9%
$88,733
Alternative Uses
Best Use
Multifamily LT 5
$114.1K
$99.8K – $133.1K
NOI $7,986 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$105.6K
$92.4K – $123.2K
NOI $7,389 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$221.9K
$194.2K – $258.9K
NOI $15,536 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
432
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
Frequently Asked Questions
What type of property is this?
Duplex - Two leased units offer modern finishes, private outdoor areas, and flexible ownership or investment use.
Where is this duplex located?
The property is located at 1103 E Leon St Gatesville, TX.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Two‑unit duplex with 1‑bedroom, 1‑bathroom layouts; 924 SF property built in 1984; Updated kitchens, bathrooms, finishes, and luxury vinyl plank flooring
