Duplex Property with Development
For Sale
Under Contract
$499,999
312 Ralph Street, White Settlement, TX 76108
ResidentialIncome, White Settlement, TX
Property Size2,251 SF
Lot Size1.61 Acres
Price / SF$222.12
Days on Market48
Property Features for 312 Ralph Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Bathroom 3, Bedroom 1
Parking
4
Parking features
Open, Garage
Interior features
EatInKitchen, GraniteCounters, HighSpeedInternet, KitchenIsland
Appliances
Dishwasher, ElectricRange
Subdivision
Sunset Gardens Add
Lot features
Back Yard, Lawn, Few Trees
Elementary school
Liberty
Middle school
Brewer,Tannahill
High school
Brewer
Elementary school district
White Settlement ISD
Middle school district
White Settlement ISD
High school district
White Settlement ISD
Directions
GPS Friendly!!
Standard status
Active Under Contract
APN
03042367
Size
2,251 SF
Lot size
1.61 Acres
Taxes and HOA fees
Tax Description
SUNSET GARDENS ADDN-WHT STLMNT BLOCK 5 LOT 9
Tax Annual Amount
3429
Legal Description
SUNSET GARDENS ADDN-WHT STLMNT BLOCK 5 LOT 9
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet, Laminate
Roof type
Composition
Listing Agency:
Rafter B Realty, LLC
Listed By:
Cammie Ryan · License #0664937
(817) 707-0977
Added: Sep 17
Changed: Nov 1
Last Checked: Nov 3 at 6:06AM
MLS# 21389171
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-oriented property includes two livable homes on 1.607 acres, along with multiple supporting structures. The improvements total 2,251 square feet and include a three-car garage with an 800-square-foot workshop plus approximately 400 square feet of additional living space above. One included residence at 316 Ralph Street has two bedrooms, one and a half bathrooms, and a garage or workshop area; it is currently occupied on a month-to-month basis. Both roofs are approximately 5–6 years old.
Interior features include granite counters, an eat-in kitchen, kitchen island, dishwasher, electric range, laminate, carpet, tile, central heating, and central air. The property is served by public water and sewer, with an on-site water well that is not currently working. The city has approved construction of duplexes or townhomes, and the site is near Lockheed Martin, shopping, and dining in White Settlement.
Interior features include granite counters, an eat-in kitchen, kitchen island, dishwasher, electric range, laminate, carpet, tile, central heating, and central air. The property is served by public water and sewer, with an on-site water well that is not currently working. The city has approved construction of duplexes or townhomes, and the site is near Lockheed Martin, shopping, and dining in White Settlement.
Key Highlights
- 1.607‑acre property with two livable homes and additional structures
- City approval for duplex or townhome construction
- 2,251 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,580
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,600
$791.6K
Cap Rate 7%
$565,429
$565.4K
Cap Rate 9%
$439,778
$439.8K
Market Conditions
NOI Build-Up for 2,251 SF
Gross rent
$62.9K $27.96/SF
− Vacancy
−$6.4K −$2.84/SF
EGI
$56.5K $25.12/SF
− OpEx
−$17.0K −$7.54/SF
NOI
$39.6K $17.58/SF
Area
ZIP 76108
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 Rate 5%
$791,600
Cap Rate 7%
$565,429
Cap Rate 9%
$439,778
Alternative Uses
Best Use
Multifamily LT 5
$565.4K
$494.8K – $659.7K
NOI $39,580 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$489.0K
$427.9K – $570.5K
NOI $34,229 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$594.3K
$520.0K – $693.3K
NOI $41,598 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
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Business Placement
Demographics for 76108, TX
46,170
Population
18,031
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
43.1 sq mi
ZIP Area
1,071
Density / Sq Mi
$78,471
Median Household Income
$44,235
Median Earnings
$1,418
Median Rent
$238,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two livable homes, supporting structures, and residential development approval create a flexible multifamily property.
Where is this duplex located?
The property is located at 312 Ralph Street White Settlement, TX.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 1.607‑acre property with two livable homes and additional structures; City approval for duplex or townhome construction; 2,251 square feet of property size
