3-Unit Rental
520 Liveoak Street, Meridian, TX 76665
For Sale
New
$255,000
ResidentialIncome, Meridian, TX
Property Size2,400 SF
Lot Size0.19 Acres
Price / SF$106.25
Days on Market5
Property Features for 520 Liveoak Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
White Label Realty
(254) 870-4044
Listed By:
Carrie Millea · License TX #723173
(830) 387-9224
Added: Nov 6
Last Checked: Nov 10 at 3:06AM
MLS# 21430626
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit rental property in Meridian contains approximately 2,400 square feet of combined living area. One residence measures 1,200 square feet, while the other two are 600 square feet each. All three units are occupied. The property was built in 1999 and sits on a 0.19-acre lot.
A metal roof was installed approximately four years ago, and the downstairs unit has a new central air conditioning system. Heating is electric and central; cooling is electric with central air. The property is served by public sewer.
A metal roof was installed approximately four years ago, and the downstairs unit has a new central air conditioning system. Heating is electric and central; cooling is electric with central air. The property is served by public sewer.
Key Highlights
- Three units, all currently occupied
- Approximately 2,400 square feet of combined living space
- One 1,200‑square‑foot unit and two 600‑square‑foot units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,790
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,800
$415.8K
Cap Rate 7%
$297,000
$297.0K
Cap Rate 9%
$231,000
$231.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$32.5K $13.56/SF
− Vacancy
−$2.8K −$1.19/SF
EGI
$29.7K $12.37/SF
− OpEx
−$8.9K −$3.71/SF
NOI
$20.8K $8.66/SF
Area
Bosque County, TX
Vacancy
8.74%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,800
Cap Rate 7%
$297,000
Cap Rate 9%
$231,000
Alternative Uses
Best Use
Multifamily LT 5
$297.0K
$259.9K – $346.5K
NOI $20,790 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$273.3K
$239.1K – $318.8K
NOI $19,129 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$633.2K
$554.0K – $738.7K
NOI $44,323 @ 7.0% cap · market cap 17.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 76665, TX
2,390
Population
1,441
Households
1.7
Avg Household Size
47
Median Age
17%
College-Educated
89%
High-School Grad
167.3 sq mi
ZIP Area
14
Density / Sq Mi
$62,098
Median Household Income
$36,500
Median Earnings
$624
Median Rent
$124,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied residences include a larger unit and two smaller apartments, with a metal roof and central air in the downstairs unit.
Where is this triplex located?
The property is located at 520 Liveoak Street Meridian, TX.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Three units, all currently occupied; Approximately 2,400 square feet of combined living space; One 1,200‑square‑foot unit and two 600‑square‑foot units
