Quadplex with On-Site
508 E Hazelwood Street Princeton, TX 75407
New
For Sale
$998,000
Four-unit quadplex built August 2018 with on-site parking, spacious layouts, and individual lockable storage.
Days on Market3
Property Features for 508 E Hazelwood Street
General Information
Standard status
Active
Property subtype
Quadruplex
Building Details
Year Built
2017
Listing Agency:
ByOwner.com
(800) 296-9637
Listed By:
Dustin Tucker · License #0640970
Source:
Sociallivingre
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 10:13PM
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 ByOwner.com
Investment Insights
Based on property information with market context.
Built August 2018, this quadplex (four units) offers four 3-bedroom, 2-bath residences with open, airy floor plans. Each unit is approximately 1,400 SF and includes a master bedroom with a walk-in closet. Residents also have extra, lockable storage room space assigned for each unit, located next to the front door, plus access to a large on-property parking lot serving all residents.
The property is located at 508 E Hazelwood Street in Princeton, Texas, on a quiet street in the heart of Princeton. It overlooks the Princeton High School stadium and ACE Hardware, with views toward the Hwy 380 artery while remaining set back from surrounding activity. Walmart is about a 4-minute drive away.
For tenants or investors seeking a newer, well-organized multifamily setup, this quadplex combines consistent unit configurations, dedicated storage, and practical parking right on site.
The property is located at 508 E Hazelwood Street in Princeton, Texas, on a quiet street in the heart of Princeton. It overlooks the Princeton High School stadium and ACE Hardware, with views toward the Hwy 380 artery while remaining set back from surrounding activity. Walmart is about a 4-minute drive away.
For tenants or investors seeking a newer, well-organized multifamily setup, this quadplex combines consistent unit configurations, dedicated storage, and practical parking right on site.
Key Highlights
- Built August 2018 quadplex with four units
- Approximately 1,400 SF per unit with 3 bedrooms and 2 baths
- Master suite includes a walk‑in closet
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $173.4k | $30.96 |
| − Vacancy | −$18.6k | −$3.31 |
| EGI | $154.8k | $27.65 |
| − OpEx | −$69.7k | −$12.44 |
| NOI | $85.2k | $15.21 |
5,600 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.23M – $1.64M
NOI $98,468 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$1.22M
$1.06M – $1.42M
NOI $85,154 @ 7.0% cap · market cap 8.53%
Theoretical Best
Industrial
$5.56M
$4.87M – $6.49M
NOI $389,515 @ 7.0% cap · market cap 39.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex built August 2018 with on-site parking, spacious layouts, and individual lockable storage.
Where is this quadplex located?
The property is located at 508 E Hazelwood Street Princeton, TX.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Built August 2018 quadplex with four units; Approximately 1,400 SF per unit with 3 bedrooms and 2 baths; Master suite includes a walk‑in closet
