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18501 County Road 3131 - Multi-Family 5 Unit Apartment Building Offered at $699,999 Gladewater, TX 75647
Executive Summary
Unique multifamily property located outside city limits on just under 6 acres with no zoning restrictions. This versatile property features multiple dwellings, offering flexibility for owner occupancy, income production, or multi-generational living. The main residence includes 3 bedrooms and 3 bathrooms and is well suited for an owner-occupant seeking privacy while maintaining rental income on-site. Additional improvements include a duplex with one 4-bedroom, 2-bath unit and one 3-bedroom, 2-bathunit, a separate 2-bedroom, 1-bath apartment, and a tiny house, providing multiple independent living spaces. Owners live in the main house 3 beds 3 baths Garage is a 2 bed 1 bath rent is $650 Duplex has a 4 bed 2 bath $1200 and 3 bed 2 bath $900Tiny house $1,000
Property Facts
| Price | $699,999 | Apartment Style | Single-Family Home |
| Price Per Unit | $140,000 | Building Size | 6,300 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 5 | Year Built | 1996 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Price | $699,999 |
| Price Per Unit | $140,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Building Size | 6,300 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Range
- Carpet
- Yard
- Lawn
- Workshop
- Large Bedrooms
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 2 | $1,200 | 1,690 |
| 3+2 | 3 | $900.00 | 1,690 |
| 1+1 | 4 | $1,000 | 924 |
| 2+1 | 5 | $650.00 | - |
| 3+3 | 1 | - | 1,590 |
1 1
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 1-00000-0575-00-002003 | Improvements Assessment | $128,143 |
| Land Assessment | $77,223 | Total Assessment | $205,366 |
Property Taxes
Parcel Number
1-00000-0575-00-002003
Land Assessment
$77,223
Improvements Assessment
$128,143
Total Assessment
$205,366
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STEPPING STONE REALTY
18501 County Road 3131 - Multi-Family
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