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    213-215 W Cedar St Gunter, TX 75058

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    For Sale
    $495,000

    Four rental units with additional land for future development.

    Lot size:
    0.50 Acres

    Property Features for 213-215 W Cedar St

    General Information

    Lot size
    0.50 Acres

    Building Details

    Year built
    1985

    Source: WhiteFlame Realty Agent Jason White

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gunter Investment Opportunity with Development Potential

    This investment opportunity is located in Gunter and includes two duplexes at 213-215 W. Cedar Street and 217-219 W. Cedar Street, comprising a total of four rental units, along with an unimproved 0.166-acre lot that offers future development potential. Two of the units feature 2 bedrooms and 1 bath, with approximately 924 square feet per side, while the other two units offer 2 bedrooms and 2 baths, with approximately 1,020 square feet per side. All units are currently leased with reliable tenants. The units at 215 and 217 W. Cedar Street are under one-year leases, while the units at 213 and 219 W. Cedar Street are leased month-to-month. Recent improvements include new roofs, updated exterior paint, and covered carports. The property is conveniently situated near Preston Road, Gunter High School, and Gunter Middle School, providing consistent rental income and potential for future expansion on the vacant lot.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gunter
    County
    Grayson
    State
    Texas
    Longitude
    -96.743052
    Latitude
    33.4526737

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    FAQs

    What type of property is this?
    Duplex - Four rental units with additional land for future development.
    Where is this duplex located?
    The property is located at 213-215 W Cedar St Gunter, TX.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - Four rental units with reliable tenants providing consistent rental income.; - Additional 0.166-acre lot included, offering future development potential.; - Two duplexes with a mix of 2-bedroom/1-bath and 2-bedroom/2-bath units.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    213-215 W Cedar St Gunter, TX 75058
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