← All homes

109 4th Street

Keene, TX 76059

$350,000

4 units · 1970

Units4
Building area3,674 sq ft
Year built1970
Gross income$42,000/yr
Cap rate10.43% as listed
Parking4 spaces
Lot size0.85 acres
TypeQuadruplex

What it costs to own

Taxes$8,233 per year
HOANone listed
Operating expenses$3,500 per year — as listed
Insurance$2,000 per year — as listed
Net operating income$36,500 per year — as listed

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

About this home

Back in the market, buyers fails to get financing. Exceptional investment opportunity in the heart of Keene! This amazing fourplex is a turnkey income-producing asset ready for your portfolio. It sits on nearly 1 acre and offers immediate cash flows as all units are fully rented. Conveniently located near Southwestern Adventist University, ensuring strong consistent rental demand. The property features 4 spacious units with a total of 7 bedrooms and 4 bathrooms across 3866 sq ft. each boasting generous living spaces and central AC on unit A,B,D. A fifth unfinished unit currently use as storage and could possibly turn into another rental unit once it is finished.Property has their own water meters and electric meters. Only one gas meter for the whole unit for heating. Minerals will convey with a great offer. It has a great great backyard as it is almost an acre. So hurry and book your appointment a day before showings.

The details

HeatingCentral
CoolingCentral Air
FlooringCeramic Tile, Combination
AppliancesDishwasher, Electric Oven
Interior featuresOther

Construction materialsSee Remarks
RoofComposition
FoundationCombination, Slab

Water sourceCity Water
SewerCity Sewer
ElectricElectricity Available

SubdivisionAbst 114 Tr 28 BB

ElementaryKeene
Middle schoolKeene
High schoolKeene
DistrictKeene ISD

Gross income$42,000 per year
Operating expenses$3,500 per year
Insurance$2,000 per year
Cap rate10.43% — as listed
Net operating income$36,500 per year

MLS #21254567
Source
On the market173 days
CountyJohnson

Around this home

One moment…

Everyday life

Nearest groceryAlbertsons · 4.0 mi
Nearest parkKAES playground · 0.5 mi

Your places stay on this device. We never sell or share them. Read the full privacy policy

Place directory © OpenStreetMap contributors.

Listing courtesy of Keller Williams Johnson County — Elgina Parilla.

Where it is

Open in Google Maps

Robert LewisStephen LewisRobert & StephenInk Realty Group

Want the full story on this home?

What a listing cannot tell you: the street, the timing, the leverage. That is our work.

Ask about 109 4th Street Text Robert & Stephen

Texting starts a conversation with Robert and Stephen. Message & data rates may apply — reply STOP to end.

Nearby in KEENE

Three more worth a conversation.

2633 Highway 67, Keene, TX 76031

$350,000

Land · 1 ac · $350K/ac

2633 Highway 67

Keene, TX 76031

Listing courtesy of READ-BILLINGSLEY

2429 Acacia Road, Keene, TX 76031

$355,000

3 bd · 2 ba · 2,043 sq ft · 0.14 ac

2429 Acacia Road

Keene, TX 76031

Listing courtesy of Coldwell Banker Apex, REALTORS

2440 Acacia Road, Keene, TX 76031

$340,000

3 bd · 2 ba · 1,852 sq ft · 0.14 ac

2440 Acacia Road

Keene, TX 76031

Listing courtesy of Coldwell Banker Apex, REALTORS

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21254567. Information last updated October 19, 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.

Start a conversationAsk about this home
Scroll to Top