Brick Duplex With Identical Floor
New
For Sale
$465,000
516-518 Wood Drive, Gunter, TX 75058
Two separate residences offer matching layouts, private fenced yards, and covered rear porches near Downtown Gunter.
Property Size2,554 SF
Days on Market6
Property Features for 516-518 Wood Drive
General Information
Standard status
Active
Size
2,554 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Building Size
2,554 SF
Year Built
2021
Buildings
1
Stories
1
Units
2
Construction
brick
Tenancy
Multi
Listing Agency:
Mauzy Realty
(214) 356-8710
Listed By:
Charles Mauzy · License #0425036
(214) 356-8710
Source:
1111brokerage
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 20 at 2:42PM
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 Mauzy Realty
Investment Insights
Based on property information with market context.
Completed in 2021, this one-story brick duplex contains two matching residences, each arranged with three bedrooms and two bathrooms. Both units feature tall ceilings, upgraded finishes, granite kitchen countertops, contemporary cabinetry, stainless steel appliances, and built-in microwaves. The rear primary suites include dual sinks and two large walk-in closets. Each side also has a private backyard with a covered porch and wood fencing.
The property is located a few blocks from Downtown Gunter, with access to Sherman, Frisco, US 75, the Dallas North Tollway, and Highway 289. One unit has laminate flooring in the bedrooms following an April 2026 replacement, and both residences were refreshed before new tenants moved in. The leases extend through 04-30-2027 and 12-31-2026, respectively.
The property is located a few blocks from Downtown Gunter, with access to Sherman, Frisco, US 75, the Dallas North Tollway, and Highway 289. One unit has laminate flooring in the bedrooms following an April 2026 replacement, and both residences were refreshed before new tenants moved in. The leases extend through 04-30-2027 and 12-31-2026, respectively.
Key Highlights
- 2021 one‑story brick duplex with two residences
- Each unit includes 3 bedrooms, 2 bathrooms, and an identical floor plan
- Primary suites feature dual sinks and two large walk‑in closets
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
$19,578
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
4.21%
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%
$391,560
$391.6K
Cap Rate 7%
$279,686
$279.7K
Cap Rate 9%
$217,533
$217.5K
Market Conditions
NOI Build-Up for 2,554 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
$31.6K $12.36/SF
− Vacancy
−$3.6K −$1.41/SF
EGI
$28.0K $10.95/SF
− OpEx
−$8.4K −$3.29/SF
NOI
$19.6K $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%
$391,560
Cap Rate 7%
$279,686
Cap Rate 9%
$217,533
Alternative Uses
Best Use
Multifamily LT 5
$279.7K
$244.7K – $326.3K
NOI $19,578 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$247.9K
$216.9K – $289.3K
NOI $17,355 @ 7.0% cap · market cap 3.73%
Theoretical Best
Hotel Hospitality
$1.31M
$1.15M – $1.53M
NOI $91,714 @ 7.0% cap · market cap 19.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
83
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer matching layouts, private fenced yards, and covered rear porches near Downtown Gunter.
Where is this duplex located?
The property is located at 516-518 Wood Drive Gunter, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 2021 one‑story brick duplex with two residences; Each unit includes 3 bedrooms, 2 bathrooms, and an identical floor plan; Primary suites feature dual sinks and two large walk‑in closets
