4-Unit Quadplex with
801 Bridge Street, Gatesville, TX 76528
For Sale
New
$250,000
Residential, Gatesville, TX
Property Size2,736 SF
Lot Size0.20 Acres
Price / SF$91.37
Days on Market3
Property Features for 801 Bridge Street
General Information
Property type
Property subtype
Interior features
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Cooling system
Water source
Amenities
shared covered front porch
fenced backyard
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Dixon Realty Team|KW
Listed By:
Jana Carpenter · License TX #0704283
(254) 493-8004
Added: Nov 11
Last Checked: Nov 13 at 1:06PM
MLS# 629313
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 brick quadplex at 801 Bridge Street contains 2,736 square feet across four apartments. Two units are on the ground floor and two are upstairs; each has approximately 630 square feet, one bedroom, and one bathroom. The kitchens include gas stoves, and each residence has its own one-car garage. Three apartments use window heating and cooling units, while the updated unit has a split-system HVAC system. Shared features include a covered front porch, fenced backyard, and one gas water heater serving all four units. The building was constructed in 1949 on a 0.1997-acre lot.
All four units are currently occupied. The seller pays the property's water and gas bills. Public water and sewer serve the property.
All four units are currently occupied. The seller pays the property's water and gas bills. Public water and sewer serve the property.
Key Highlights
- Four currently occupied apartments
- 2,736‑square‑foot building on a 0.1997‑acre lot
- Each unit has approximately 630 square feet, one bedroom, and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,879
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,580
$437.6K
Cap Rate 7%
$312,557
$312.6K
Cap Rate 9%
$243,100
$243.1K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$42.7K $15.60/SF
− Vacancy
−$2.9K −$1.06/SF
EGI
$39.8K $14.54/SF
− OpEx
−$17.9K −$6.54/SF
NOI
$21.9K $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%
$437,580
Cap Rate 7%
$312,557
Cap Rate 9%
$243,100
Alternative Uses
Best Use
Multifamily LT 5
$337.8K
$295.6K – $394.1K
NOI $23,648 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$312.6K
$273.5K – $364.7K
NOI $21,879 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$657.2K
$575.0K – $766.7K
NOI $46,002 @ 7.0% cap · market cap 18.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
404
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments are occupied, with a dedicated one-car garage assigned to each residence.
Where is this quadplex located?
The property is located at 801 Bridge Street Gatesville, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Four currently occupied apartments; 2,736‑square‑foot building on a 0.1997‑acre lot; Each unit has approximately 630 square feet, one bedroom, and one bathroom
