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419 & 421 Mcgrede Drive

Sulphur Springs, TX 75482

$430,000

2 units · 1984

Units2
Building area2,790 sq ft
Year built1984
Gross income$28,000/yr
Cap rate5.12% as listed
Parking2 spaces
Lot size0.255 acres
TypeDuplex

What it costs to own

Taxes$7,790 per year
HOANone listed
Operating expenses$4,000 per year — as listed
Insurance$1,800 per year — as listed
Net operating income$22,000 per year — as listed

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

About this home

This listing is for 419 & 421 MCgrede . Full duplex . Very rare opportunity to own a full duplex in center of town. Well maintained and cared for by same owner since 1984. New roof 2022, new gutter 2025,
419 has recently been painted with new laminate flooring and tile in 2025.
please do not disturb tenants in 421.

The details

HeatingCentral
CoolingCentral Air
FlooringLaminate, Tile
AppliancesDishwasher, Disposal, Electric Range, Refrigerator
Interior featuresCable TV Available

Construction materialsBrick, Siding
RoofShingle
FoundationSlab

Water sourceCity Water, Individual Water Meter
SewerCity Sewer
UtilitiesIndividual Gas Meter

SubdivisionMeadowview

ElementaryBowie
Middle schoolSulphurspr
High schoolSulphurspr
DistrictSulphur Springs ISD

Gross income$28,000 per year
Operating expenses$4,000 per year
Insurance$1,800 per year
Cap rate5.12% — as listed
Net operating income$22,000 per year

MLS #21367148
Source
On the market1 day
CountyHopkins

Around this home

One moment…

Everyday life

Nearest groceryBrookshire's · 0.7 mi
Nearest parkPacific Park · 0.7 mi

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Listing courtesy of Fathom Realty LLC — Chi Bennett.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21367148. Information last updated August 24, 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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