Brick Duplex with Two
New
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 Market6
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
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1
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
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
Listing Agency:
OmniKey Realty, LLC.
(972) 480-8280
Listed By:
Bernard Bell · License #0718117
(305) 998-9922
Added: Sep 8
Changed: Sep 12
Last Checked: Sep 13 at 5:06AM
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.
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 = 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
$17,999
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
4.50%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Explore this area
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
Check the figures for this property
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-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
