5-Unit Container Home
158 Nursery Rd, Livingston, TX 77351
For Sale
$725,000
Five rental homes, including one used for short-term stays, occupy a larger acreage parcel with Highway 190 access.
Property Size3,500 SF
Lot Size4.90 Acres
Price / SF$207.14
Days on Market46
Property Features for 158 Nursery Rd
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Tenant in Place
Building Details
Buildings
Construction
Listing Agency:
Ebby Halliday Realtors
Listed By:
Parker Kelly
(972) 335-6564
Source:
Exprealty
Added: Sep 25
Changed: Nov 7
Last Checked: Nov 8 at 6:35AM
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 Ebby Halliday Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Five container homes are established on approximately 4.9 acres in Livingston, Texas. The property has four homes of approximately 640 square feet each and one home of approximately 320 square feet. All five are generating rental income, with one currently operated as a short-term rental and the others used for long-term rentals.
Access is available from Highway 190, and Naskila Casino is approximately seven minutes away. The existing rental setup is situated within a larger parcel, with acreage extending beyond the homes.
Access is available from Highway 190, and Naskila Casino is approximately seven minutes away. The existing rental setup is situated within a larger parcel, with acreage extending beyond the homes.
Key Highlights
- Approximately 4.9 acres in Livingston, Texas
- Five container homes currently generating rental income
- Four homes are approximately 640 sqft each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,377
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,540
$467.5K
Cap Rate 7%
$333,957
$334.0K
Cap Rate 9%
$259,744
$259.7K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$48.3K $13.80/SF
− Vacancy
−$5.8K −$1.66/SF
EGI
$42.5K $12.14/SF
− OpEx
−$19.1K −$5.46/SF
NOI
$23.4K $6.68/SF
Area
Polk County, TX
Vacancy
12.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,540
Cap Rate 7%
$333,957
Cap Rate 9%
$259,744
Alternative Uses
Best Use
Apartment 5plus
$334.0K
$292.2K – $389.6K
NOI $23,377 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$892.1K
$780.6K – $1.04M
NOI $62,448 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 77351, TX
37,353
Population
17,934
Households
2.1
Avg Household Size
47
Median Age
15%
College-Educated
83%
High-School Grad
636.9 sq mi
ZIP Area
59
Density / Sq Mi
$62,710
Median Household Income
$35,645
Median Earnings
$1,057
Median Rent
$163,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Five rental homes, including one used for short-term stays, occupy a larger acreage parcel with Highway 190 access.
Where is this multifamily property located?
The property is located at 158 Nursery Rd Livingston, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Approximately 4.9 acres in Livingston, Texas; Five container homes currently generating rental income; Four homes are approximately 640 sqft each
