Multifamily Property with
For Sale
$300,000
6473 W Hwy 199, Springtown, TX 76082
Three residences and a large shop occupy an acreage property with highway frontage and on-site water and septic systems.
Property Size832 SF
Lot Size2.50 Acres
Price / SF$360.58
Days on Market383
Property Features for 6473 W Hwy 199
General Information
Standard status
Active
Size
832 SF
Lot size
2.50 Acres
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Amenities
residences
shop
well
septic systems
Listing Agency:
The Bryants Co, Springtown
Listed By:
Dana Bryant (817) 220-2021 · License #0460942
(682) 990-6856
Source:
Granburyhomefinder
Added: Sep 19, 2025
Changed: Oct 1
Last Checked: Oct 5 at 7:30PM
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 multifamily property spans approximately 2.5 acres and includes three residences along with a large shop. The site is served by a private well and two septic systems, providing infrastructure for the existing improvements.
Positioned on Highway 199 in Springtown, the property offers highway frontage and a high-traffic setting. Schools, shopping, and dining are located nearby, while the Metroplex is approximately 30–40 minutes away. The combination of residential improvements, additional shop space, acreage, and commercial potential creates a multifaceted property profile.
Positioned on Highway 199 in Springtown, the property offers highway frontage and a high-traffic setting. Schools, shopping, and dining are located nearby, while the Metroplex is approximately 30–40 minutes away. The combination of residential improvements, additional shop space, acreage, and commercial potential creates a multifaceted property profile.
Key Highlights
- Approximately 2.5 acres with Highway 199 frontage
- Three residences included on the property
- Large shop provides additional on‑site space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,651
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,020
$253.0K
Cap Rate 7%
$180,729
$180.7K
Cap Rate 9%
$140,567
$140.6K
Market Conditions
NOI Build-Up for 832 SF
Gross rent
$25.8K $30.96/SF
− Vacancy
−$2.8K −$3.31/SF
EGI
$23.0K $27.65/SF
− OpEx
−$10.4K −$12.44/SF
NOI
$12.7K $15.21/SF
Area
Parker County, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,020
Cap Rate 7%
$180,729
Cap Rate 9%
$140,567
Alternative Uses
Best Use
Apartment 5plus
$180.7K
$158.1K – $210.9K
NOI $12,651 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$826.7K
$723.4K – $964.5K
NOI $57,871 @ 7.0% cap · market cap 19.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 76082, TX
21,514
Population
8,576
Households
2.5
Avg Household Size
40
Median Age
16%
College-Educated
87%
High-School Grad
102.8 sq mi
ZIP Area
209
Density / Sq Mi
$93,553
Median Household Income
$49,323
Median Earnings
$1,275
Median Rent
$277,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three residences and a large shop occupy an acreage property with highway frontage and on-site water and septic systems.
Where is this multifamily property located?
The property is located at 6473 W Hwy 199 Springtown, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Approximately 2.5 acres with Highway 199 frontage; Three residences included on the property; Large shop provides additional on‑site space
