Four-Unit Quadplex
New
For Sale
$375,000
740 & 720 County Road 334, Gatesville, TX 76528
Residential, Gatesville, TX
Property Size1,296 SF
Lot Size1.10 Acres
Price / SF$289.35
Days on Market1
Property Features for 740 & 720 County Road 334
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 3
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
1,296 SF
Lot size
1.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROCK CREEK ESTATES, BLOCK 1, LOT 3 and 4, ACRES 2.30 +/-
Tax Annual Amount
1699
Legal Description
ROCK CREEK ESTATES, BLOCK 1, LOT 3 and 4, ACRES 2.30 +/-
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Electric, Window Unit(s)
Amenities
community laundry
Building Details
Year built
2024
Floors in Building
1
Number of units
4
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: Sep 14
Last Checked: Sep 14 at 8:06PM
MLS# 625278
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 four-unit quadplex property comprises cabins distributed across two lots totaling 2.3 acres. The improvements provide 1,296 square feet, with laminate and vinyl flooring, ceiling fans, electric heating, window-unit cooling, metal roofing, and frame construction with vertical siding. Appliances include electric ranges, microwaves, and refrigerators. Each lot has a septic system sized for three tiny homes, while one parcel also includes a sewer drop serving a small RV. A shared laundry building supports the four occupied units.
The property is positioned across from Fort Cavazos North and a couple of miles from the installation’s north entrance, between Temple and Gatesville. The address includes 740 and 720 County Road 334 in Gatesville, Texas.
The property is positioned across from Fort Cavazos North and a couple of miles from the installation’s north entrance, between Temple and Gatesville. The address includes 740 and 720 County Road 334 in Gatesville, Texas.
Key Highlights
- Four cabins are fully rented
- Two lots total 2.3 acres: 1.1 acres and 1.2 acres
- 1,296 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,201
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$224,020
$224.0K
Cap Rate 7%
$160,014
$160.0K
Cap Rate 9%
$124,456
$124.5K
Market Conditions
NOI Build-Up for 1,296 SF
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.
Gross rent
$17.1K $13.20/SF
− Vacancy
−$1.1K −$0.85/SF
EGI
$16.0K $12.35/SF
− OpEx
−$4.8K −$3.70/SF
NOI
$11.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$224,020
Cap Rate 7%
$160,014
Cap Rate 9%
$124,456
Alternative Uses
Best Use
Multifamily LT 5
$160.0K
$140.0K – $186.7K
NOI $11,201 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$148.1K
$129.6K – $172.7K
NOI $10,364 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$311.3K
$272.4K – $363.2K
NOI $21,790 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased cabin community with shared laundry facilities and separate septic systems across two parcels.
Where is this quadplex located?
The property is located at 740 & 720 County Road 334 Gatesville, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four cabins are fully rented; Two lots total 2.3 acres: 1.1 acres and 1.2 acres; 1,296 square feet of property size
