Duplex
New
For Sale
$175,000
720 County Road 334, Gatesville, TX 76528
Residential, Gatesville, TX
Property Size1,008 SF
Lot Size1.20 Acres
Price / SF$173.61
Days on Market4
Property Features for 720 County Road 334
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Vegetation
Wooded
Interior features
CeilingFans
Appliances
ElectricRange, Microwave, Refrigerator, Range
Subdivision
Rock Creek Estates
Lot features
One To Three Acres, Outside City Limits, Sloped
Elementary school
Gatesville
Middle school
Gatesville
High school
Gatesville
Elementary school district
Gatesville ISD
Middle school district
Gatesville ISD
High school district
Gatesville ISD
Directions
From Temple - take Highway 36 to Flat, TX (17 minutes), Right on CR 334. About a mile down on the left. From Gatesville - take Highway 36 to Flat, TX (10 minutes), Left on FM 931 and then Right on CR 334. About a mile and a half on the right. GPS will not be your friend unless you spell out County Road 334.
Standard status
Active
APN
156389
Size
1,008 SF
Lot size
1.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROCK CREEK ESTATES, BLOCK 1, LOT 3, ACRES 1.2
Tax Annual Amount
1699
Legal Description
ROCK CREEK ESTATES, BLOCK 1, LOT 3, ACRES 1.2
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Electric, Window Unit(s)
Building Details
Year built
2024
Floors in Building
1
Number of units
2
Flooring type
Laminate, Vinyl
Building materials
Frame, VerticalSiding
Roof type
Metal
Listing Agency:
Keller Williams Realty
(512) 448-4111
Listed By:
Wendy Papasan · License #0593308
(512) 330-1004
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 8 at 3:06AM
MLS# 627109
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.
Investment Insights
Based on property information with market context.
This duplex property comprises two cabins with 1,008 square feet of building area on 1.2 acres. Both cabins are rented. The buildings have frame construction, metal roofing, laminate and vinyl flooring, ceiling fans, electric heat, and window-unit cooling. Appliances include electric ranges, a microwave, and a refrigerator. A septic system is sized to support three tiny homes.
The property is across from Fort Cavazos North and a couple of miles from its north entrance, between Temple and Gatesville.
The property is across from Fort Cavazos North and a couple of miles from its north entrance, between Temple and Gatesville.
Key Highlights
- Two cabins, both rented
- 1.2‑acre property with 1,008 square feet of building area
- Septic system sized for three tiny homes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,712
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$174,240
$174.2K
Cap Rate 7%
$124,457
$124.5K
Cap Rate 9%
$96,800
$96.8K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$13.3K $13.20/SF
− Vacancy
−$860 −$0.85/SF
EGI
$12.4K $12.35/SF
− OpEx
−$3.7K −$3.70/SF
NOI
$8.7K $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%
$174,240
Cap Rate 7%
$124,457
Cap Rate 9%
$96,800
Alternative Uses
Best Use
Multifamily LT 5
$124.5K
$108.9K – $145.2K
NOI $8,712 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$115.2K
$100.8K – $134.4K
NOI $8,061 @ 7.0% cap · market cap 4.61%
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
11
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two rented cabins occupy a parcel with septic capacity for a third tiny home.
Where is this duplex 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 property with 1,008 square feet of building area; Septic system sized for three tiny homes
