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106 Bluebonnet Street #4

Gatesville, TX 76528

$619,900

4 units · 2004

Units4
Building area4,352 sq ft
Year built2004
Gross income$57,600/yr
Cap rate6.19% as listed
Parking8 spaces
Lot size0.198 acres
TypeQuadruplex

What it costs to own

Taxes$8,949 per year
HOANone listed
Operating expenses$19,209 per year — as listed
Insurance$4,500 per year — as listed
Net operating income$38,400 per year — as listed

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

About this home

Well-maintained quadplex located at 106 Bluebonnet Street in Gatesville, Texas. This fully occupied multifamily property features four spacious units, each offering approximately 1,088 square feet with a 3-bedroom, 2-bath floor plan, full kitchen, comfortable living area, and a convenient first-floor bedroom. Designed with tenant comfort in mind, each unit includes a private fenced backyard and covered patio, amenities that contribute to strong rental appeal and long-term occupancy.

The property has been consistently maintained, including the installation of a new roof in 2022. With 100% occupancy and continued demand for rental housing in the Gatesville market, this property provides immediate income and long-term investment potential.

Conveniently located in an established residential neighborhood near schools, shopping, restaurants, and local services, the property benefits from a desirable location that supports tenant retention and future rental demand.

Whether expanding an investment portfolio or acquiring a multifamily property with established income, this quadplex combines stable occupancy, functional floor plans, private outdoor space, and a strong Central Texas location.

Shown by exterior viewing only. Please do not disturb tenants.

The details

HeatingCentral, Electric
CoolingCentral Air, Electric
FlooringCarpet, Ceramic Tile, Vinyl
AppliancesDishwasher, Electric Cooktop, Electric Range, Microwave
Interior featuresOther, Pantry

Construction materialsBrick
RoofComposition
FoundationSlab

FencingBack Yard, Wood
Water sourceCity Water
SewerCity Sewer

SubdivisionGolden Acres

ElementaryGatesville
Middle schoolGatesville
High schoolGatesville
DistrictGatesville ISD

Gross income$57,600 per year
Operating expenses$19,209 per year
Operating includesInsurance, Maintenance, Professional Management
Insurance$4,500 per year
Cap rate6.19% — as listed
Net operating income$38,400 per year

MLS #21089263
Source
Price changeReduced by $30,100 · Oct 7, 2026
On the market355 days
CountyCoryell

Around this home

One moment…

Everyday life

Nearest groceryBrookshire Brothers · 22 mi
Nearest parkRobert Wilson Baseball Park · 22 mi

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Listing courtesy of UCRE Heart of Texas Land & Hom — Glenda Hall.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21089263. Information last updated October 7, 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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