Brick Duplex with Two
For Sale
$399,999
414 N 5th Street, Gunter, TX 75058
ResidentialIncome, Gunter, TX
Property Size2,348 SF
Lot Size0.25 Acres
Price / SF$170.36
Days on Market52
Property Features for 414 N 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3
Parking
4
Parking features
Driveway
Interior features
EatInKitchen
Appliances
Dishwasher
Subdivision
Original Town Gunter
Elementary school
Gunter
Middle school
Gunter
High school
Gunter
Elementary school district
Gunter ISD
Middle school district
Gunter ISD
High school district
Gunter ISD
Directions
See GPS
Standard status
Active
APN
225120
Lot size
0.25 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
ORIGINAL TOWN PLAT GUNTER REPLAT LT 1-3 BLK 1
Tax Annual Amount
7291
Legal Description
ORIGINAL TOWN PLAT GUNTER REPLAT LT 1-3 BLK 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2003
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Buildings
1
Listing Agency:
OmniKey Realty, LLC.
Listed By:
Bernard Bell
(972) 480-8280
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 29 at 9:06AM
MLS# 21381161
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.
Built in 2003, this brick duplex contains approximately 2,348 square feet across two residential units on a 0.25-acre lot. The property includes eat-in kitchens, vinyl flooring, central heating and central air, shingle roofing, dishwasher appliances, and driveway parking. Public sewer serves the property, and the layout includes three bedrooms and two bathrooms overall.
The duplex is located at 414 N 5th Street in Gunter, Texas, near the community’s schools, shopping, dining, and major routes. Its location also provides access to Sherman, Frisco, and the broader North Texas area. The property is currently leased by unit, with both leases extending through August 31, 2027.
The duplex is located at 414 N 5th Street in Gunter, Texas, near the community’s schools, shopping, dining, and major routes. Its location also provides access to Sherman, Frisco, and the broader North Texas area. The property is currently leased by unit, with both leases extending through August 31, 2027.
Key Highlights
- Two‑unit duplex totaling approximately 2,348 square feet
- Built in 2003 with brick construction and shingle roofing
- Situated on a 0.25‑acre lot in Gunter, TX
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,999
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,980
$360.0K
Cap Rate 7%
$257,129
$257.1K
Cap Rate 9%
$199,989
$200.0K
Market Conditions
NOI Build-Up for 2,348 SF
Gross rent
$29.0K $12.36/SF
− Vacancy
−$3.3K −$1.41/SF
EGI
$25.7K $10.95/SF
− OpEx
−$7.7K −$3.29/SF
NOI
$18.0K $7.67/SF
Area
Grayson County, TX
Vacancy
11.40%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,980
Cap Rate 7%
$257,129
Cap Rate 9%
$199,989
Alternative Uses
Best Use
Multifamily LT 5
$257.1K
$225.0K – $300.0K
NOI $17,999 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$227.9K
$199.5K – $265.9K
NOI $15,956 @ 7.0% cap · market cap 3.99%
Theoretical Best
Hotel Hospitality
$1.20M
$1.05M – $1.41M
NOI $84,317 @ 7.0% cap · market cap 21.08%
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
185
Businesses Nearby
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Business Placement
Demographics for 75058, TX
3,799
Population
1,265
Households
3
Avg Household Size
37
Median Age
47%
College-Educated
86%
High-School Grad
53.8 sq mi
ZIP Area
71
Density / Sq Mi
$117,689
Median Household Income
$40,000
Median Earnings
$1,398
Median Rent
$467,400
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-unit brick property with central HVAC, driveway parking, and public sewer service.
Where is this duplex located?
The property is located at 414 N 5th Street Gunter, TX.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two‑unit duplex totaling approximately 2,348 square feet; Built in 2003 with brick construction and shingle roofing; Situated on a 0.25‑acre lot in Gunter, TX
