Two-Unit Duplex with Leased
For Sale
$399,999
414 N 5th Street #412, Gunter, TX 75058
Built in 2003 with both residences leased through August 31, 2027.
Property Size2,348 SF
Price / SF$170.36
Days on Market51
Property Features for 414 N 5th Street #412
General Information
Standard status
Active
Size
2,348 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
2003
Buildings
1
Tenancy
Multi
Listing Agency:
OmniKey Realty, LLC.
(972) 480-8280
Listed By:
Bernard Bell · License #0718117
(954) 588-8484
Source:
Lonestarluxuryrealty
Added: Sep 12
Changed: Oct 29
Last Checked: Nov 1 at 5:16AM
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 OmniKey Realty, LLC.
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Investment Insights
Based on property information with market context.
This duplex contains approximately 2,348 total square feet across two residential units and was built in 2003. Each side provides a separate living arrangement, supporting continued rental use or occupancy by an owner and another household.
Both units are currently leased through 8-31-27. The property is situated near central Gunter, with access to local schools, shopping, dining, and major routes. Sherman, Frisco, and other North Texas destinations are within convenient driving distance.
Both units are currently leased through 8-31-27. The property is situated near central Gunter, with access to local schools, shopping, dining, and major routes. Sherman, Frisco, and other North Texas destinations are within convenient driving distance.
Key Highlights
- Two‑unit duplex with approximately 2,348 total square feet
- Constructed in 2003
- Unit #412 leased through 8‑31‑27
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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Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
Multi-tenant
Tenancy
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
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2003 with both residences leased through August 31, 2027.
Where is this duplex located?
The property is located at 414 N 5th Street #412 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 with approximately 2,348 total square feet; Constructed in 2003; Unit #412 leased through 8‑31‑27
