Four-Cabin Quadplex
For Sale
$350,000
740 & 720 County Road 334, Gatesville, TX 76528
Residential, Gatesville, TX
Property Size1,296 SF
Lot Size2.30 Acres
Price / SF$270.06
Days on Market47
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 4, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 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
2.30 Acres
Additional Details
Tenant in Place
Yes
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
Window Unit(s), Electric
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
Changed: Oct 25
Last Checked: Oct 30 at 12:06PM
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.
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Investment Insights
Based on property information with market context.
This quadplex property comprises four cabins totaling 1,296 square feet on 2.3 acres. The improvements were developed across two lots measuring 1.1 acres and 1.2 acres, with each lot served by a septic system sized for three tiny homes. One lot also includes a sewer drop for a small RV. A separate community laundry building serves the four residences, which are fully rented. Interior features include ceiling fans, electric heating, window-unit cooling, vinyl and laminate flooring, and metal roofing. The cabins include electric ranges, microwaves, refrigerators, and additional range equipment.
The property is located at 740 & 720 County Road 334 in Gatesville, across from Fort Cavazos North and a couple of miles from its North entrance. Its setting between Temple and Gatesville provides a defined location for the existing residential rental configuration.
The property is located at 740 & 720 County Road 334 in Gatesville, across from Fort Cavazos North and a couple of miles from its North entrance. Its setting between Temple and Gatesville provides a defined location for the existing residential rental configuration.
Key Highlights
- Four cabins totaling 1,296 square feet on 2.3 acres
- Fully rented residential income property
- Two lots measuring 1.1 acres and 1.2 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,201
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
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
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 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 3.20%
Second Best
Apartment 5plus
$148.1K
$129.6K – $172.7K
NOI $10,364 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$311.3K
$272.4K – $363.2K
NOI $21,790 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully rented four-cabin property with shared laundry facilities and septic-served lots.
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 $350,000.
What are key features of this property?
This property features: Four cabins totaling 1,296 square feet on 2.3 acres; Fully rented residential income property; Two lots measuring 1.1 acres and 1.2 acres
