Duplex with Standalone
For Sale
$435,000
214 County Rd 4870, Newark, TX 76071
MULTI_FAMILY - Newark, TX
Property Size2,885 SF
Lot Size0.60 Acres
Price / SF$150.78
Days on Market58
Property Features for 214 County Rd 4870
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 4
Parking
3
Parking features
Driveway, Carport
Interior features
BuiltInFeatures, DecorativeDesignerLightingFixtures, EatInKitchen, HighSpeedInternet, OpenFloorplan, Pantry, CableTv, WalkInClosets
Exterior features
Lighting, PrivateYard, Storage
Appliances
Dishwasher, ElectricCooktop, ElectricOven
Subdivision
Newark Beach Estates
Lot features
Acreage, Back Yard, Lawn, Few Trees
Elementary school
Sevenhills
Middle school
Chisholmtr
High school
Northwest
Elementary school district
Northwest ISD
Middle school district
Northwest ISD
High school district
Northwest ISD
Directions
From 35W N, take exit to 287 N, take exit to Newark and 718, turn left onto Avondale-Haslet Rd, turn left onto Central Dr, turn right onto Central Ave, turn left onto County Rd 4870.
Standard status
Active
APN
763202
Size
2,885 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Description
LOT 17 BLK 16 NEWARK BEACH ESTATES
Tax Annual Amount
4147
Legal Description
LOT 17 BLK 16 NEWARK BEACH ESTATES
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Well
Amenities
two storage sheds
Building Details
Year built
1979
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl
Roof type
Composition
Additional Structures
Storage
Listing Agency:
One West Real Estate Co. LLC
(682) 422-3814
Listed By:
Angela Hornburg · License #0620365
(682) 422-3812
Added: Jul 7
Changed: Aug 4
Last Checked: Sep 2 at 3:06AM
MLS# 21279220
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.
Investment Insights
Based on property information with market context.
Duplex with two separate homes on one oversized, fully fenced lot, designed for multi-generational living or rental income. The main home is approximately 2,800 sq. ft. and includes 3 bedrooms and 2 bathrooms with multiple living areas such as a formal living, dining, and family room. The kitchen features 42-inch solid wood cabinets, ample storage, and generous workspace. Fresh interior paint is included.
The second residence is a private 800 sq. ft. standalone cottage with 2 bedrooms and 1 bathroom, its own entrance, a fenced yard, and dedicated parking. Both homes are independently metered, adding convenience and flexibility. Outside city limits, the property offers country-style living and includes expansive front and back yards, two storage sheds, and a 2-car carport.
Key system updates include HVAC systems installed less than 10 years ago, water heaters installed less than 2 years ago, and a well pump replaced in September 2025. The property is served by a well and septic tank, with a composition roof and central heating and cooling.
The second residence is a private 800 sq. ft. standalone cottage with 2 bedrooms and 1 bathroom, its own entrance, a fenced yard, and dedicated parking. Both homes are independently metered, adding convenience and flexibility. Outside city limits, the property offers country-style living and includes expansive front and back yards, two storage sheds, and a 2-car carport.
Key system updates include HVAC systems installed less than 10 years ago, water heaters installed less than 2 years ago, and a well pump replaced in September 2025. The property is served by a well and septic tank, with a composition roof and central heating and cooling.
Key Highlights
- Two independently metered residences on one fully fenced lot for flexible living and rental income
- Main home: approx 2,800 sq. ft., 3 bedrooms, 2 bathrooms, multiple living areas and fresh interior paint
- Standalone cottage: approx 800 sq. ft., 2 bedrooms, 1 bathroom, private entrance, fenced yard, dedicated parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,733
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$434,660
$434.7K
Cap Rate 7%
$310,471
$310.5K
Cap Rate 9%
$241,478
$241.5K
Market Conditions
NOI Build-Up for 2,885 SF
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.
Gross rent
$35.0K $12.12/SF
− Vacancy
−$3.9K −$1.36/SF
EGI
$31.0K $10.76/SF
− OpEx
−$9.3K −$3.23/SF
NOI
$21.7K $7.53/SF
Area
Wise County, TX
Vacancy
11.21%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$434,660
Cap Rate 7%
$310,471
Cap Rate 9%
$241,478
Alternative Uses
Best Use
Multifamily LT 5
$310.5K
$271.7K – $362.2K
NOI $21,733 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$269.9K
$236.2K – $314.9K
NOI $18,893 @ 7.0% cap · market cap 4.34%
Theoretical Best
Hotel Hospitality
$2.17M
$1.90M – $2.54M
NOI $152,112 @ 7.0% cap · market cap 34.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 76071, TX
4,220
Population
1,579
Households
2.7
Avg Household Size
37
Median Age
16%
College-Educated
83%
High-School Grad
8.9 sq mi
ZIP Area
474
Density / Sq Mi
$102,654
Median Household Income
$53,084
Median Earnings
$1,253
Median Rent
$286,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two independently metered residences on one fully fenced lot, including a tenant-occupied cottage with dedicated parking.
Where is this duplex located?
The property is located at 214 County Rd 4870 Newark, TX.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two independently metered residences on one fully fenced lot for flexible living and rental income; Main home: approx 2,800 sq. ft., 3 bedrooms, 2 bathrooms, multiple living areas and fresh interior paint; Standalone cottage: approx 800 sq. ft., 2 bedrooms, 1 bathroom, private entrance, fenced yard, dedicated parking
