Duplex with Private
For Sale
$475,000
614 North 6th Street, Gunter, TX 75058
Full duplex with separate three-bedroom layouts, updated interior finishes, and individual garage access for each residence.
Property Size2,586 SF
Price / SF$183.68
Days on Market202
Property Features for 614 North 6th Street
General Information
Standard status
Active
Size
2,586 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Asking Price
$500,000
Amenities
Central Air
Electric
Carpet, Ceramic Tile
Dishwasher, Disposal
Open Floorplan, Pantry
No
Composition
One
1
Slab
Assessor
2
Brick, Siding
Building Details
Year Built
2018
Buildings
1
Listing Agency:
Henderson Luna Realty
(972) 898-3030
Listed By:
Henderson Luna · License #0511305
(972) 898-3030
Source:
Compass
Added: Feb 9
Changed: Aug 29
Last Checked: Aug 29 at 6:00PM
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 Henderson Luna Realty
Investment Insights
Based on property information with market context.
Built in 2018, this full duplex contains 2,586 square feet with two separate residences. Each unit includes three bedrooms, two full bathrooms, an open floor plan, pantry, central air, electric service, dishwasher, and disposal. Both interiors have fresh paint and brand-new carpet, with ceramic tile also included. Private one-car garages serve each side, providing two garage spaces overall. Brick and siding exterior construction sits on a slab foundation.
The property is located at 614 North 6th Street in Gunter, Texas, near schools, shopping, dining, and Preston Road. The two-unit configuration provides distinct living spaces, while the individual garages and practical interior layouts support separate occupancy.
The property is located at 614 North 6th Street in Gunter, Texas, near schools, shopping, dining, and Preston Road. The two-unit configuration provides distinct living spaces, while the individual garages and practical interior layouts support separate occupancy.
Key Highlights
- 2018 full duplex with 2,586 square feet
- Two units, each with 3 bedrooms and 2 full bathrooms
- Two‑car garage with 1‑car garage assigned to each unit
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
$19,823
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
4.17%
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%
$396,460
$396.5K
Cap Rate 7%
$283,186
$283.2K
Cap Rate 9%
$220,256
$220.3K
Market Conditions
NOI Build-Up for 2,586 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
$32.0K $12.36/SF
− Vacancy
−$3.6K −$1.41/SF
EGI
$28.3K $10.95/SF
− OpEx
−$8.5K −$3.29/SF
NOI
$19.8K $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%
$396,460
Cap Rate 7%
$283,186
Cap Rate 9%
$220,256
Alternative Uses
Best Use
Multifamily LT 5
$283.2K
$247.8K – $330.4K
NOI $19,823 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$251.0K
$219.7K – $292.9K
NOI $17,573 @ 7.0% cap · market cap 3.70%
Theoretical Best
Hotel Hospitality
$1.33M
$1.16M – $1.55M
NOI $92,863 @ 7.0% cap · market cap 19.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
183
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 - Full duplex with separate three-bedroom layouts, updated interior finishes, and individual garage access for each residence.
Where is this duplex located?
The property is located at 614 North 6th Street Gunter, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2018 full duplex with 2,586 square feet; Two units, each with 3 bedrooms and 2 full bathrooms; Two‑car garage with 1‑car garage assigned to each unit
