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304 Mcbride Street

Lone Oak, TX 75453

$400,000

4 units · 1989

Units4
Building area3,544 sq ft
Year built1989
Gross income$53,100/yr
Cap rate10.28% as listed
Parking8 spaces
Lot size0.72 acres
TypeDuplex

What it costs to own

Taxes$8,353 per year
HOANone listed
Operating expenses$8,000 per year — as listed
Insurance$4,000 per year — as listed
Net operating income$41,100 per year — as listed

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

About this home

Turnkey income-producing property featuring two duplexes on one lot, fully occupied and cash flowing from day one. This four-unit asset includes three 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit, offering a strong and diverse rental mix.
All units are separately metered, with tenants responsible for all utilities—keeping owner expenses low and maximizing net income. Each unit offers driveway parking and has been recently updated inside, providing modern appeal and reducing near-term maintenance costs.
All leases are 12-month terms, creating stable and predictable income for the next owner. This is an ideal opportunity for investors seeking a low-maintenance, fully leased property with immediate returns.
Do not disturb tenants. Showings available with accepted offer.

The details

HeatingCentral, Electric, Natural Gas
CoolingCeiling Fan(s), Central Air, Electric
FlooringCarpet, Ceramic Tile, Luxury Vinyl Plank
AppliancesDishwasher
Interior featuresBuilt-in Features

Construction materialsBrick
RoofShingle
FoundationSlab

Water sourceCity Water
SewerCity Sewer
ElectricCo-op Electric

SubdivisionOrig Town Of Lone Oak

ElementaryLoneoak
Middle schoolLoneoak
High schoolLoneoak
DistrictLone Oak ISD

Gross income$53,100 per year
Operating expenses$8,000 per year
Insurance$4,000 per year
Cap rate10.28% — as listed
Net operating income$41,100 per year

MLS #21256528
Source
Price changeReduced by $40,000 · Sep 25, 2026
On the market148 days
CountyHunt

Around this home

One moment…

Everyday life

Nearest groceryWalmart Supercenter · 12 mi
Nearest parkPawnee Inlet Unit · 2.7 mi

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Listing courtesy of AT Home Texas Real Estate — Alex Hammons.

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 #21256528. Information last updated September 25, 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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