Independently Metered Two-Home
214 County Rd 4870 Newark, TX 76071
214 County Rd 4870, Newark, TX, 76071
$435,000
For Sale
$435,000
MULTI_FAMILY - Newark, TX
Property Size2,885 SF
Lot Size0.60 Acres
Price / SF$150.78
Days on Market12
Property Features for 214 County Rd 4870
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 1
- 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
- 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
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Ceiling Fan(s), Central Air
- Water source
- Well
Building Details
- Year built
- 1979
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Tile
- Roof type
- Composition
- Additional Structures
- Storage
Listing Agency
One West Real Estate Co. LLC
(682) 422-3814
Mansfield, TX
Listed by
Angela Hornburg · License #0620365
(682) 422-3812
Added: Jul 7 Checked: Jul 18 at 7:06 pm
MLS# 21279220
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.
Investment Insights
Based on property information with market context.
This property features two separate homes on one oversized, fully fenced lot. The main residence offers approximately 2,800 square feet with three bedrooms and two bathrooms, along with multiple living spaces including a formal living room, formal dining room, and a family room. The kitchen includes 42-inch solid wood cabinets, ample storage, and generous workspace, and the interior has fresh paint. Exterior amenities include expansive front and back yards, two storage sheds, and a 2-car carport.
A second residence provides a private 800-square-foot standalone cottage with two bedrooms and one bathroom. The cottage has its own entrance, fenced yard, and dedicated parking. It is currently tenant occupied. Each home is independently metered, which supports practical day-to-day convenience for split use and rental flexibility. The property is located outside city limits near 214 County Rd 4870 in Newark, Wise County, TX.
For buyers seeking a residential income setup with the option to live in one home while renting the other, this configuration is designed for that flexibility. The seller notes major system updates, including HVAC systems installed less than 10 years ago, water heaters installed less than two years ago, and a well pump replaced in September 2025. The seller is also offering a $20,000 buyer credit that can be used toward closing costs, buy-down, or cosmetic updates.
A second residence provides a private 800-square-foot standalone cottage with two bedrooms and one bathroom. The cottage has its own entrance, fenced yard, and dedicated parking. It is currently tenant occupied. Each home is independently metered, which supports practical day-to-day convenience for split use and rental flexibility. The property is located outside city limits near 214 County Rd 4870 in Newark, Wise County, TX.
For buyers seeking a residential income setup with the option to live in one home while renting the other, this configuration is designed for that flexibility. The seller notes major system updates, including HVAC systems installed less than 10 years ago, water heaters installed less than two years ago, and a well pump replaced in September 2025. The seller is also offering a $20,000 buyer credit that can be used toward closing costs, buy-down, or cosmetic updates.
Key Highlights
- Two separate residences on one oversized fully fenced lot: 2,800 SF main home plus a standalone 800 SF cottage.
- Cottage is tenant‑occupied and provides immediate rental potential; cottage has 2 bedrooms, 1 bathroom, its own entrance, fenced yard, and dedicated parking.
- Main home offers 3 bedrooms and 2 bathrooms with multiple living spaces, including formal living, dining, and a family room.
Local 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 | $35.0k | $12.12 |
| − Vacancy | −$3.9k | −$1.36 |
| EGI | $31.0k | $10.76 |
| − OpEx | −$9.3k | −$3.23 |
| NOI | $21.7k | $7.53 |
2,885 SF · lease $12.12/SF/yr · vacancy 11.21% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate residences on a 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 separate residences on one oversized fully fenced lot: 2,800 SF main home plus a standalone 800 SF cottage.; Cottage is tenant‑occupied and provides immediate rental potential; cottage has 2 bedrooms, 1 bathroom, its own entrance, fenced yard, and dedicated parking.; Main home offers 3 bedrooms and 2 bathrooms with multiple living spaces, including formal living, dining, and a family room.
