Character-Rich Duplex with
For Sale
$695,000
300 W Spring St, Weatherford, TX 76086
Two residences feature distinctive architectural details, generous room layouts, covered outdoor spaces, and separate oversized garages.
Property Size3,600 SF
Price / SF$193.06
Days on Market24
Property Features for 300 W Spring St
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
2
Amenities
beautiful wood floors
fireplaces
impressive staircases
built-ins
covered porches
balconies
Building Details
Year Built
2000
Buildings
1
Listing Agency:
CLARK REAL ESTATE GROUP
Listed By:
John McGuire (817) 458-0402 · License #0668028
(817) 597-8776
Source:
Divinerealtygrp
Added: Sep 10
Changed: Oct 1
Last Checked: Oct 2 at 8:56PM
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 CLARK REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
Built in 2000, this 3,600-square-foot duplex is arranged as two residences of approximately 1,800 square feet each. Both sides include 3 bedrooms, 2.5 baths, spacious interiors, and an oversized 2-car garage. Interior character comes from wood flooring, fireplaces, built-in cabinetry, prominent staircases, covered porches, and balconies.
The property is located at 300 & 302 W Spring St in Weatherford, just blocks from the Downtown Square. Its two-residence configuration supports a variety of ownership arrangements, including occupying one side while leasing the other or maintaining adjacent living quarters for family. The property information also identifies possible future professional use, such as office space, subject to applicable zoning and city approval.
The property is located at 300 & 302 W Spring St in Weatherford, just blocks from the Downtown Square. Its two-residence configuration supports a variety of ownership arrangements, including occupying one side while leasing the other or maintaining adjacent living quarters for family. The property information also identifies possible future professional use, such as office space, subject to applicable zoning and city approval.
Key Highlights
- 3,600‑square‑foot duplex with two residences
- Each side offers approximately 1,800 square feet, 3 bedrooms, and 2.5 baths
- Oversized 2‑car garage serving each residence
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
$63,301
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
9.11%
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%
$1,266,020
$1.3M
Cap Rate 7%
$904,300
$904.3K
Cap Rate 9%
$703,344
$703.3K
Market Conditions
NOI Build-Up for 3,600 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
$100.7K $27.96/SF
− Vacancy
−$10.2K −$2.84/SF
EGI
$90.4K $25.12/SF
− OpEx
−$27.1K −$7.54/SF
NOI
$63.3K $17.58/SF
Area
Parker County, TX
Vacancy
10.16%
Lease Rate
$27.96 /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%
$1,266,020
Cap Rate 7%
$904,300
Cap Rate 9%
$703,344
Alternative Uses
Best Use
Multifamily LT 5
$904.3K
$791.3K – $1.06M
NOI $63,301 @ 7.0% cap · market cap 9.11%
Second Best
Apartment 5plus
$782.0K
$684.3K – $912.4K
NOI $54,742 @ 7.0% cap · market cap 7.88%
Theoretical Best
Industrial
$3.58M
$3.13M – $4.17M
NOI $250,403 @ 7.0% cap · market cap 36.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
Explore this area
Business Placement
Demographics for 76086, TX
21,429
Population
9,689
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
13.8 sq mi
ZIP Area
1,553
Density / Sq Mi
$61,415
Median Household Income
$38,347
Median Earnings
$1,389
Median Rent
$235,100
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature distinctive architectural details, generous room layouts, covered outdoor spaces, and separate oversized garages.
Where is this duplex located?
The property is located at 300 W Spring St Weatherford, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3,600‑square‑foot duplex with two residences; Each side offers approximately 1,800 square feet, 3 bedrooms, and 2.5 baths; Oversized 2‑car garage serving each residence
