Residential Income Property with Highway
6473 West Highway 199 Springtown, TX 76082
6473 West Highway 199, Springtown, TX, 76082
$350,000
For Sale
$350,000
Residential income property with three residences and a large shop, located on Highway 199 frontage.
Property Size832 SF
Lot Size2.50 Acres
Price / SF$420.67
Days on Market435
Property Features for 6473 West Highway 199
General Information
- Standard status
- Active
- Size
- 832 SF
- Lot size
- 2.50 Acres
- Property subtype
- Multi-Family / Multiple Single Units
Building Details
- Year Built
- 9999
Listing agency
The Bryants Co, Springtown
(817) 613-7189
Listed by
Dana Bryant · License #0460942
(817) 613-7189
Source
Compass
Added: May 14, 2025 Updated: Jul 22 at 9:11AM Checked: Jul 22 at 9:11AM
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 The Bryants Co, Springtown
Investment Insights
Based on property information with market context.
This property includes three residences plus a large shop on approximately 2.5 acres with Highway 199 frontage. The site is supported by a well and two septic systems, providing on-property utilities for the residences and shop.
The property is described as a high-visibility, high-traffic location with commercial potential for a business, along with rental income potential from the three residences and the large shop. It is located minutes from local schools, shopping, and dining, and is approximately 30 to 40 minutes from the Metroplex.
The property is described as a high-visibility, high-traffic location with commercial potential for a business, along with rental income potential from the three residences and the large shop. It is located minutes from local schools, shopping, and dining, and is approximately 30 to 40 minutes from the Metroplex.
Key Highlights
- +/- 2.5 acres with Highway 199 frontage, with a residential‑income setup including 3 residences and a large shop
- Well and two septic systems on the property
- One‑story construction with fiber cement, frame, and wood materials; composition roof
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.3k | $27.96 |
| − Vacancy | −$2.4k | −$2.84 |
| EGI | $20.9k | $25.12 |
| − OpEx | −$6.3k | −$7.54 |
| NOI | $14.6k | $17.58 |
832 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$209.0K
$182.9K – $243.8K
NOI $14,629 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$180.7K
$158.1K – $210.9K
NOI $12,651 @ 7.0% cap · market cap 3.61%
Theoretical Best
Industrial
$826.7K
$723.4K – $964.5K
NOI $57,871 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Residential income property with three residences and a large shop, located on Highway 199 frontage.
Where is this triplex located?
The property is located at 6473 West Highway 199 Springtown, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: +/- 2.5 acres with Highway 199 frontage, with a residential‑income setup including 3 residences and a large shop; Well and two septic systems on the property; One‑story construction with fiber cement, frame, and wood materials; composition roof
