Two-Home Duplex
For Sale
$437,500
6430 E US Highway 84, Gatesville, TX 76528
Residential, Gatesville, TX
Property Size2,608 SF
Lot Size2.77 Acres
Price / SF$167.75
Days on Market185
Property Features for 6430 E US Highway 84
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Fencing
Fenced
Fireplace
1
Subdivision
J B Smith
Lot features
One To Three Acres, Outside City Limits
Elementary school district
Gatesville ISD
Middle school district
Gatesville ISD
High school district
Gatesville ISD
Directions
from Gatesville Courthouse, take Hwy 84 east to South Mountain. Property is across from Mountain Baptist Church, watch for sign on fence.
Standard status
Active
APN
157123
Size
2,608 SF
Lot size
2.77 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
0907 J B SMITH, ACRES 2.7717, & 1484 RICHARDSON
Tax Annual Amount
2752
Legal Description
0907 J B SMITH, ACRES 2.7717, & 1484 RICHARDSON
Utilities
Sewer type
Public Sewer
Heating system
Fireplace(s), Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1965
Floors in Building
1
Roof type
Mixed
Architectural style
Other
Buildings
2
Listing Agency:
Tejas Real Estate
(254) 865-8954
Listed By:
Shelley Herring · License #0674589
(254) 865-3675
Added: Apr 29
Changed: Oct 29
Last Checked: Oct 30 at 12:06AM
MLS# 612162
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex property comprises two tenant-occupied residences totaling 2,608 square feet on 2.7717 acres. One manufactured home offers three bedrooms, two baths, two living areas, and bonus space within the primary suite. The second residence has two bedrooms and one bath and has been remodeled inside and out. Central air, electric heating, fireplaces, public sewer, and mixed roofing are among the reported property features.
The site is outside city limits at 6430 E US Highway 84 in Gatesville, with two entrances from the highway. Mature trees, perimeter fencing, and the broad acreage create separation between the homes. Mountain Water Supply has indicated availability for two additional water meters, subject to buyer verification. The property was built in 1965 and is located within reach of Waco, Temple, Killeen, and Fort Hood.
The site is outside city limits at 6430 E US Highway 84 in Gatesville, with two entrances from the highway. Mature trees, perimeter fencing, and the broad acreage create separation between the homes. Mountain Water Supply has indicated availability for two additional water meters, subject to buyer verification. The property was built in 1965 and is located within reach of Waco, Temple, Killeen, and Fort Hood.
Key Highlights
- Two tenant‑occupied residences totaling 2,608 square feet
- 2.7717‑acre tract with mature trees and perimeter fencing
- Manufactured home includes 3 bedrooms, 2 baths, and two living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,541
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,820
$450.8K
Cap Rate 7%
$322,014
$322.0K
Cap Rate 9%
$250,456
$250.5K
Market Conditions
NOI Build-Up for 2,608 SF
Gross rent
$34.4K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$32.2K $12.35/SF
− OpEx
−$9.7K −$3.70/SF
NOI
$22.5K $8.64/SF
Area
Coryell County, TX
Vacancy
6.46%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,820
Cap Rate 7%
$322,014
Cap Rate 9%
$250,456
Alternative Uses
Best Use
Multifamily LT 5
$322.0K
$281.8K – $375.7K
NOI $22,541 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$297.9K
$260.7K – $347.6K
NOI $20,855 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$626.4K
$548.1K – $730.8K
NOI $43,849 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
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Business Placement
Demographics for 76528, TX
18,773
Population
7,311
Households
2.6
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
486.3 sq mi
ZIP Area
39
Density / Sq Mi
$66,989
Median Household Income
$37,705
Median Earnings
$848
Median Rent
$189,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied residences sit on a fenced tract with separate highway entrances and room for additional water connections.
Where is this duplex located?
The property is located at 6430 E US Highway 84 Gatesville, TX.
What is the asking price?
The asking price for this property is $437,500.
What are key features of this property?
This property features: Two tenant‑occupied residences totaling 2,608 square feet; 2.7717‑acre tract with mature trees and perimeter fencing; Manufactured home includes 3 bedrooms, 2 baths, and two living areas
