Duplex with Standalone
For Sale
$435,000
214 County Rd 4870, Newark, TX 76071
ResidentialIncome, Newark, TX
Property Size2,885 SF
Lot Size0.60 Acres
Price / SF$150.78
Days on Market103
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 2, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2, 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
Electric, Ceiling Fan(s), Central Air
Water source
Well
Amenities
storage sheds
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
Listed By:
Angela Hornburg · License #0620365
(682) 422-3812
Added: Jul 7
Changed: Sep 15
Last Checked: Oct 17 at 5:06AM
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.
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Investment Insights
Based on property information with market context.
This duplex-style property includes two separate residences on a 0.597-acre fenced lot outside city limits. The primary home provides three bedrooms, two bathrooms, multiple living areas, formal dining, and a kitchen with 42-inch solid wood cabinetry. Fresh interior paint, tile and vinyl flooring, built-in features, pantry storage, and walk-in closets add practical functionality. A standalone cottage offers two bedrooms, one bathroom, a private entrance, fenced yard, and dedicated parking; it is currently tenant occupied.
Each residence is independently metered. Exterior improvements include two storage sheds, expansive front and rear yards, private-yard space, and a two-car carport. Major systems include HVAC equipment less than 10 years old, water heaters less than 2 years old, and a well pump replaced in September 2025. The property is served by a private well and septic tank, with central air, electric heating, an electric cooktop, and an electric oven.
Each residence is independently metered. Exterior improvements include two storage sheds, expansive front and rear yards, private-yard space, and a two-car carport. Major systems include HVAC equipment less than 10 years old, water heaters less than 2 years old, and a well pump replaced in September 2025. The property is served by a private well and septic tank, with central air, electric heating, an electric cooktop, and an electric oven.
Key Highlights
- Two separate residences on a 0.597‑acre fenced lot outside city limits
- Main home includes 3 bedrooms, 2 bathrooms, and multiple living areas
- Standalone cottage has 2 bedrooms, 1 bathroom, private entrance, fenced yard, and dedicated parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,733
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences share a fenced lot with independent metering and a tenant-occupied 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 a 0.597‑acre fenced lot outside city limits; Main home includes 3 bedrooms, 2 bathrooms, and multiple living areas; Standalone cottage has 2 bedrooms, 1 bathroom, private entrance, fenced yard, and dedicated parking
