Two-Cabin Multifamily
For Sale
$175,000
720 County Road 334, Gatesville, TX 76528
Both cabins are rented, and the septic system can accommodate three tiny homes.
Property Size1,008 SF
Lot Size1.20 Acres
Price / SF$173.61
Days on Market21
Property Features for 720 County Road 334
General Information
Standard status
Active
Size
1,008 SF
Lot size
1.20 Acres
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
2024
Buildings
2
Listing Agency:
Keller Williams Realty
Listed By:
Wendy Papasan (512) 448-4111 · License #0593308
(512) 330-1004
Source:
Homeguidecentraltexas
Added: Oct 2
Changed: Oct 19
Last Checked: Oct 20 at 10:17PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,008-square-foot multifamily property includes two rented cabins on 1.2 acres. The septic system is sized to serve three tiny homes. The source provides conflicting construction years, so no year is included.
The property is across from Fort Cavazos North and a couple of miles from its north entrance.
The property is across from Fort Cavazos North and a couple of miles from its north entrance.
Key Highlights
- Two cabins, both rented
- 1.2‑acre site
- 1,008 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,061
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,220
$161.2K
Cap Rate 7%
$115,157
$115.2K
Cap Rate 9%
$89,567
$89.6K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$15.7K $15.60/SF
− Vacancy
−$1.1K −$1.06/SF
EGI
$14.7K $14.54/SF
− OpEx
−$6.6K −$6.54/SF
NOI
$8.1K $8.00/SF
Area
Coryell County, TX
Vacancy
6.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,220
Cap Rate 7%
$115,157
Cap Rate 9%
$89,567
Alternative Uses
Best Use
Apartment 5plus
$115.2K
$100.8K – $134.4K
NOI $8,061 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$242.1K
$211.9K – $282.5K
NOI $16,948 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
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?
Multifamily property - Both cabins are rented, and the septic system can accommodate three tiny homes.
Where is this multifamily property located?
The property is located at 720 County Road 334 Gatesville, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two cabins, both rented; 1.2‑acre site; 1,008 square feet
