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516-518 Wood Drive

Gunter, TX 75058

$459,000

2 units · 2021

Units2
Building area2,554 sq ft
Year built2021
Gross income$40,200/yr
Cap rate5.66% as listed
Parking4 spaces
Lot size0.282 acres
TypeDuplex

What it costs to own

Taxes$8,574 per year
HOANone listed
Operating expenses$9,562 per year — as listed
Insurance$4,653 per year — as listed
Net operating income$25,985 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

This 2021 one-story brick full duplex sits on a large lot and is conveniently located just a few blocks from Downtown Gunter. It's an excellent investment opportunity, ideal for a 1031 exchange or for a buyer who wants to live in one unit while renting out the other.

Each unit features an identical three-bedroom, two-bathroom floor plan with high-end finishes throughout. Highlights include tall ceilings and a spacious primary suite in the rear, complete with dual sinks and two large walk-in closets. The kitchen boasts stylish cabinetry, granite countertops, and stainless steel appliances, including a built-in microwave.
The spacious backyards are perfect for outdoor activities and both include a covered rear porch and wood fence.
The carpet was replaced with nice laminate flooring in the bedrooms of 516 Wood in April 2026 & both units were refreshed before new 2026 tenants moved in.
516 Wood is leased for $1650 per month through 04-30-2027. 518 Wood is leased for $1700 through 12-31-2027
Gunter, Texas, is a rapidly growing small town with a family-friendly atmosphere, offering a tranquil rural feel with modern amenities, excellent schools, and proximity to Sherman, Frisco & US 75, the Dallas North Tollway, and Highway 289

The details

HeatingElectric
CoolingCeiling Fan(s), Central Air, Electric
FlooringCarpet, Luxury Vinyl Plank, Tile
AppliancesDishwasher, Disposal, Electric Range
Interior featuresCable TV Available, Granite Counters, Walk-In Closet(s)

Construction materialsBrick, Siding
RoofComposition
FoundationSlab

Lot featuresInterior Lot, Landscaped, Lrg. Backyard Grass
FencingWood
Water sourceCity Water, Individual Water Meter
SewerCity Sewer

SubdivisionGunter Town Center Add Ph I

ElementaryGunter
Middle schoolGunter
High schoolGunter
DistrictGunter ISD

Gross income$40,200 per year
Operating expenses$9,562 per year
Operating includesMaintenance
Insurance$4,653 per year
Cap rate5.66% — as listed
Net operating income$25,985 per year

MLS #21349908
Source
Price changeReduced by $6,000 · Sep 11, 2026
On the market38 days
CountyGrayson

Around this home

One moment…

Everyday life

Nearest groceryDiamond Food Market · 10 mi
Nearest parkCollege Hill Youth Sports · 0.6 mi

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Listing courtesy of Mauzy Realty — Charles Mauzy.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21349908. Information last updated September 11, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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