Fourplex With Two-Car
16460 Fm 2964 Whitehouse, TX 75791
For Sale
$795,000
Four all-electric units in Whitehouse ISD, each with a two-car garage and in-unit washer/dryer connections.
Property Size6,648 SF
Price / SF$119.58
Days on Market637
Property Features for 16460 Fm 2964
General Information
- Standard status
- Active
- Size
- 6,648 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2021
Listing Agency:
Gregory Realty
(903) 570-2411
Listed By:
Jason T Gregory · License #0481741
(903) 570-2411
Source:
Exitrealty
Added: Oct 25, 2024
Changed: Jul 23
Last Checked: Jul 23 at 6:56AM
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 Gregory Realty
Investment Insights
Based on property information with market context.
This fourplex offers four residential units, totaling 6,648 square feet, with each unit featuring a two-car garage and all-electric service. Interiors include a living room, ceiling fans, blinds, vinyl flooring, and a utility room with washer and dryer connections. Kitchens are equipped with a stove, refrigerator, dishwasher, and microwave, with an eat-in kitchen layout. Each unit includes central heating and air.
The property is located at 16460 FM 2964 in Whitehouse, Texas within Whitehouse ISD.
Each unit provides a two-bedroom/two-bath or three-bedroom/two-bath configuration, with the two-bedroom units listed as 2br/2ba and the three-bedroom units listed as 3br/2ba.
The property is located at 16460 FM 2964 in Whitehouse, Texas within Whitehouse ISD.
Each unit provides a two-bedroom/two-bath or three-bedroom/two-bath configuration, with the two-bedroom units listed as 2br/2ba and the three-bedroom units listed as 3br/2ba.
Key Highlights
- Fourplex built in 2021 in Whitehouse ISD
- All four units are all‑electric
- Each unit includes a 2‑car garage
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 | $89.7k | $13.50 |
| − Vacancy | −$7.7k | −$1.15 |
| EGI | $82.1k | $12.35 |
| − OpEx | −$24.6k | −$3.70 |
| NOI | $57.5k | $8.64 |
6,648 SF · lease $13.50/SF/yr · vacancy 8.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$820.7K
$718.2K – $957.5K
NOI $57,452 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$713.0K
$623.9K – $831.8K
NOI $49,910 @ 7.0% cap · market cap 6.28%
Theoretical Best
Hotel Hospitality
$5.01M
$4.38M – $5.84M
NOI $350,516 @ 7.0% cap · market cap 44.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four all-electric units in Whitehouse ISD, each with a two-car garage and in-unit washer/dryer connections.
Where is this quadplex located?
The property is located at 16460 Fm 2964 Whitehouse, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Fourplex built in 2021 in Whitehouse ISD; All four units are all‑electric; Each unit includes a 2‑car garage
