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24-Unit Apartment Property
For Sale
$950,000

56 Gatewood Drive, Booker, TX 79005

Two-story apartment units include washer and dryer connections, with select residences offering fireplaces.

Property SizeContact for details
Days on Market357

Property Features for 56 Gatewood Drive

General Information

Standard status Active
Property subtype MultiFamily

Units

Unit Mix 24 x 2-story units, 22 x 2BR/1.5BA, 2 x 2BR/1BA
Multifamily Units 48

Amenities

washer/dryer hook-ups
fireplaces

Building Details

Year Built 2021
Listing Agency: Executive Realty
Listed By: Jessica Wineinger · License #810930
Source: Compass
Added: Sep 11, 2025 Changed: Aug 31 Last Checked: Aug 30 at 2:30AM

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 Executive Realty

Investment Insights

Based on property information with market context.

This apartment property includes 24 two-story units configured as 22 two-bedroom, one-and-a-half-bath residences and two two-bedroom, one-bath residences. Washer and dryer connections are provided throughout, while fireplaces are featured in the 22 units with one-and-a-half baths.

The buildings were constructed in 2021. Both complexes have received roof and siding improvements within the last few years, providing updated exterior components across the property.

Key Highlights

  • 24 two‑story apartment units
  • Unit mix includes 22 two‑bedroom, 1.5‑bath units and 2 two‑bedroom, 1‑bath units
  • Washer and dryer hookups in the units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Garden Center Grocery & Convenience Store Butcher Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

48
Residential units

Location Intelligence

Trade Area within ½ mile

120
Businesses Nearby

Demographics for 79005, TX

1,693
Population
701
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
76%
High-School Grad
203.2 sq mi
ZIP Area
8
Density / Sq Mi
$69,236
Median Household Income
$39,559
Median Earnings
$860
Median Rent
$144,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story apartment units include washer and dryer connections, with select residences offering fireplaces.
Where is this apartment building located?
The property is located at 56 Gatewood Drive Booker, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 24 two‑story apartment units; Unit mix includes 22 two‑bedroom, 1.5‑bath units and 2 two‑bedroom, 1‑bath units; Washer and dryer hookups in the units
More about this property
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