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    Duplex-Style Manufactured Home Lot Title is generated by Realmo AI

    1495 CR 4224, Troup, TX 75789

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    Claim this Listing
    For Sale
    $223,000

    MULTI_FAMILY - Troup, TX

    Lot size:
    0.81 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    77
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 1495 CR 4224

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    5
    Rooms
    Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 5, Bedroom 4, Bedroom 3
    Parking
    4
    Interior features
    EatInKitchen, OpenFloorplan
    Fireplace
    1
    Appliances
    Dishwasher, ElectricRange, Disposal
    Standard status
    Active
    APN
    R151862
    Lot size
    0.81 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2024
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl, Carpet
    Roof type
    Composition

    We can help!

    Listing Contact
    Kayla Riggs
    Kayla Riggs

    Listing agent Kayla Riggs License #0718668

    Listing office Keller Williams Realty-Tyler 6761 Old Jacksonville Hwy, Tyler, TX

    Listing date Mar 19, 2026

    MLS# 21210200 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑producing property with two manufactured homes on one lot, both currently tenant‑occupied
    • Front manufactured home: 2 bedrooms and 2 bathrooms
    • Rear manufactured home: 3 bedrooms and 2 bathrooms
    • Recent improvements include newly added front and back porches, a redone driveway, and a privacy fence for separation
    • Central heating and central air in the home features; eat‑in kitchen and open floorplan
    • Appliances include dishwasher, electric range, and disposal; composition roof; vinyl and carpet flooring

    Overview

    This property consists of two well-maintained manufactured homes on a single lot, configured for two separate households. The front home is a manufactured residence with 2 bedrooms and 2 bathrooms. The rear home is located in the backyard and provides 3 bedrooms and 2 bathrooms. Both homes are described as currently tenant-occupied, and the seller reports recent improvements including newly added front and back porches, a redone driveway for improved access and parking, and the addition of a privacy fence to help separate and distinguish each home’s space.

    The site is located at 1495 CR 4224 in Troup, Texas, in Cherokee County (75789). The property sits on a lot of 0.81 acres, and the driveway work and fenced separation support practical day-to-day access and privacy for residents.

    For investors or buyers seeking residential income, this setup provides two distinct rental units already occupied, with floorplans that can serve different tenant household sizes. The combination of porches, privacy fencing, and the stated condition of both homes is intended to reduce maintenance burden and support a smoother ownership transition for the next operator or owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Troup
    County
    Smith
    State
    Texas
    Longitude
    -95.147431
    Latitude
    32.031444

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    FAQs

    What type of property is this?
    Duplex - Two tenant-occupied manufactured homes on one lot, offering separate living layouts for ongoing rental use.
    Where is this duplex located?
    The property is located at 1495 CR 4224 Troup, TX.
    What is the asking price?
    The asking price for this property is $223,000.
    What are key features of this property?
    This property features: Income‑producing property with two manufactured homes on one lot, both currently tenant‑occupied; Front manufactured home: 2 bedrooms and 2 bathrooms; Rear manufactured home: 3 bedrooms and 2 bathrooms
    (903) 534-6600
    We can help!
    Listing Contact
    Kayla Riggs
    Kayla Riggs
    Real Estate License ID: 0718668
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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