Building Details

Building Size 2,348 SF

Year Built 2003

Tenancy Multi

Listing Agency: LivingWell Realty

Listed By: Brent & Deb Wells Show Phone

Source: Livingwell

Added: Oct 26 Last Checked: Oct 26 at 3:21PM

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Investment Insights

Based on property information with market context.

This duplex in Gunter contains 2,348 square feet of living space across two residences. Built in 2003, the property is located at 414 N 5th Street.

Both units are leased through August 31, 2027. Unit 412 and unit 414 provide the property’s two separate residential spaces.

Key Highlights

• 2,348 square feet of living space
• Built in 2003
• Two units, identified as 412 and 414

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

Is this asking price fair?

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 (±1% cap)

NOI $17,999 @ 7.0% cap · market cap 4.50%

Second Best

Apartment 5plus

$227.9K

$199.5K – $265.9K (±1% cap)

NOI $15,956 @ 7.0% cap · market cap 3.99%

Theoretical Best

Hotel Hospitality

$1.20M

$1.05M – $1.41M (±1% cap)

NOI $84,317 @ 7.0% cap · market cap 21.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

Duplex with Two Leased Units

412-414 N 5th St, Gunter, TX 75058

$399,999

View details

2021 Brick Duplex with Two Units

516-518 Wood Drive, Gunter, TX 75058

$430,000

0.28 Acres

View details

Frequently Asked Questions

What type of property is this?

Duplex - Both residences are leased through August 31, 2027, providing an established rental configuration.

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: 2,348 square feet of living space; Built in 2003; Two units, identified as 412 and 414