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217 2nd Street

Cross Plains, TX 76443

$230,000

4 units · 2018

Units4
Building area3,120 sq ft
Year built2018
Gross income$29,400/yr
Cap rate8.43% as listed
Parking8 spaces
Lot size0.321 acres
TypeDuplex

What it costs to own

Taxes$3,256 per year
HOANone listed
Operating expenses$10,000 per year — as listed
Insurance$2,500 per year — as listed
Net operating income$19,400 per year — as listed

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

About this home

Income-Producing Duplex Portfolio

  • 4 Units
  • Cash Flowing Located at 217 Southeast 2nd Street in Cross Plains, this well-positioned two-building, four-unit duplex complex presents a compelling opportunity for investors seeking immediate cash flow with long-term upside. The property consists of two separate duplex buildings, offering operational flexibility and reduced risk through unit diversification. All four units are currently cash flowing, making this a true turnkey investment from day one. Recent improvements include minor updates to the HVAC systems, enhancing efficiency and reliability, as well as newer appliances throughout the units—helping to reduce near-term capital expenditures and support tenant retention. The layout and configuration appeal to long-term renters, while the separate building setup provides potential advantages for future value-add strategies, individual building disposition, or refinancing options. Highlights for Investors: Two buildings
  • four total units
  • duplex configuration Currently cash flowing Updated HVAC components Newer appliances Low-maintenance asset with stabilized income Strong fit for buy-and-hold or portfolio expansion This is an excellent opportunity to acquire a stabilized multifamily asset in a solid rental market, offering both immediate income and long-term appreciation potential.

The details

HeatingElectric
CoolingElectric
FlooringLaminate
AppliancesElectric Range, Refrigerator
Interior featuresEat-in Kitchen, High Speed Internet Available

Construction materialsWood
RoofMetal
FoundationPillar/Post/Pier

Water sourceCity Water
SewerCity Sewer
ElectricElectricity Connected

SubdivisionCentral - Cp

ElementaryCross Plains
Middle schoolCross Plains
High schoolCross Plains
DistrictCross Plains ISD

Gross income$29,400 per year
Operating expenses$10,000 per year
Insurance$2,500 per year
Cap rate8.43% — as listed
Net operating income$19,400 per year

MLS #21135250
Source
On the market1 day
CountyCallahan

Around this home

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Listing courtesy of Turnkey Realty LLC — Jordan Barton.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21135250. Information last updated December 19, 2025.

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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