Updated Duplex with Private
1103 East Leon Street Gatesville, TX 76528
For Sale
$169,000
Fully updated duplex offering two 1-bedroom, 1-bath units with private fenced yards and a newer roof.
Property Size924 SF
Price / SF$182.90
Days on Market83
Property Features for 1103 East Leon Street
General Information
- Standard status
- Active
- Size
- 924 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1984
Listing Agency:
Camille Johnson
(903) 388-6143
Listed By:
Paige Gore · License #0697514
(903) 388-6143
Source:
Compass
Added: May 2
Changed: Jul 21
Last Checked: Jul 23 at 8:33AM
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
Investment Insights
Based on property information with market context.
This fully updated duplex includes two separate 1-bedroom, 1-bath units, each with updated kitchens and bathrooms and luxury vinyl plank flooring. Thoughtful layouts provide closet space and dedicated pantry storage, and each unit has a private fenced yard. The property also includes ample parking and a newer roof. One unit has a ramp for convenient accessibility.
The duplex is located in a Gatesville neighborhood convenient to shopping, dining, schools, and everyday amenities.
Tenants are in place in both units, supporting immediate rental income potential for an investor or flexibility for an owner-occupant arrangement.
The duplex is located in a Gatesville neighborhood convenient to shopping, dining, schools, and everyday amenities.
Tenants are in place in both units, supporting immediate rental income potential for an investor or flexibility for an owner-occupant arrangement.
Key Highlights
- Fully updated duplex in a 1‑story slab foundation setting, built in 1984
- Two total units, each with a 1‑bedroom, 1‑bath layout
- Luxury vinyl plank flooring and updated kitchens and bathrooms in both units
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 | $12.2k | $13.20 |
| − Vacancy | −$788 | −$0.85 |
| EGI | $11.4k | $12.35 |
| − OpEx | −$3.4k | −$3.70 |
| NOI | $8.0k | $8.64 |
924 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$114.1K
$99.8K – $133.1K
NOI $7,986 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$105.6K
$92.4K – $123.2K
NOI $7,389 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$221.9K
$194.2K – $258.9K
NOI $15,536 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully updated duplex offering two 1-bedroom, 1-bath units with private fenced yards and a newer roof.
Where is this duplex located?
The property is located at 1103 East Leon Street Gatesville, TX.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Fully updated duplex in a 1‑story slab foundation setting, built in 1984; Two total units, each with a 1‑bedroom, 1‑bath layout; Luxury vinyl plank flooring and updated kitchens and bathrooms in both units
