Two-Home Duplex
For Sale
$435,000
214 County Rd 4870, Newark, TX 76071
Separate residences provide flexible living arrangements with independent metering, private outdoor areas, and dedicated parking for the cottage.
Property Size2,885 SF
Price / SF$150.78
Days on Market25
Property Features for 214 County Rd 4870
General Information
Standard status
Active
Size
2,885 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
storage sheds
fenced yard
Building Details
Year Built
1979
Buildings
2
Listing Agency:
One West Real Estate Co. LLC
(682) 422-3814
Listed By:
Angela Hornburg · License #0620365
Source:
Aboveandbeyondrealty
Added: Aug 8
Changed: Aug 29
Last Checked: Aug 31 at 7:07PM
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 One West Real Estate Co. LLC
Investment Insights
Based on property information with market context.
This duplex-style property includes two separate residences on one fully fenced lot. The primary home measures 2,800 square feet and offers three bedrooms, two bathrooms, formal living and dining areas, a family room, and a kitchen with 42-inch solid wood cabinetry. Fresh interior paint updates the main residence, while two storage sheds expand the available utility space. A two-car carport serves the property.
The detached cottage contains 800 square feet with two bedrooms, one bathroom, a separate entrance, its own fenced yard, and dedicated parking. It is currently tenant occupied and independently metered from the main home. Both residences have HVAC systems less than 10 years old, and the water heaters are less than 2 years old. The well pump was replaced in September 2025. Located outside city limits at 214 County Rd 4870 in Newark, Texas, the property was built in 1979.
The detached cottage contains 800 square feet with two bedrooms, one bathroom, a separate entrance, its own fenced yard, and dedicated parking. It is currently tenant occupied and independently metered from the main home. Both residences have HVAC systems less than 10 years old, and the water heaters are less than 2 years old. The well pump was replaced in September 2025. Located outside city limits at 214 County Rd 4870 in Newark, Texas, the property was built in 1979.
Key Highlights
- Two separate residences on one fully fenced lot
- 2,800‑square‑foot main home with 3 bedrooms and 2 bathrooms
- 800‑square‑foot detached cottage with 2 bedrooms and 1 bathroom
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
2
Residential units
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 - Separate residences provide flexible living arrangements with independent metering, private outdoor areas, and dedicated parking for the cottage.
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 separate residences on one fully fenced lot; 2,800‑square‑foot main home with 3 bedrooms and 2 bathrooms; 800‑square‑foot detached cottage with 2 bedrooms and 1 bathroom
