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2764 Highway 199

Springtown, TX 76082

$500,000

6 units · 1972

Units6
Building area3,728 sq ft
Year built1972
Gross income$66,000/yr
Cap rate10.77% as listed
Parking12 spaces
Lot size1 acres
TypeResidential Income

What it costs to own

Taxes$9,148 per year
HOANone listed
Operating expenses$12,156 per year — as listed
Net operating income$53,844 per year — as listed

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

About this home

Welcome to this phenomenal piece of real estate. 1 acre of land featuring six rental income properties in a prime location right off Highway 199. This property boasts a total of six units: three one bedroom one bath homes, a duplex with each side offering one bedroom and one bath, and a spacious newly remodeled three bedroom one bath home. All properties are currently rented. Whether you're a seasoned investor or a first time buyer looking for passive income, this property has it all. Seller willing to owner carry with 25% down.

The details

HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric, Wall/Window Unit(s)
FlooringCarpet, Ceramic Tile, Laminate
AppliancesElectric Range, Vented Exhaust Fan
Interior featuresEat-in Kitchen

Construction materialsSiding
RoofComposition, Metal
FoundationPillar/Post/Pier, Slab

Lot featuresCul-De-Sac, Few Trees
Water sourceCo-op Water, Well
SewerSeptic
ElectricCo-op Electric

SubdivisionT & Prr Co Abs 1392 Surv 115

ElementarySpringtown
Middle schoolSpringtown
High schoolSpringtown
DistrictSpringtown ISD

Gross income$66,000 per year
Operating expenses$12,156 per year
Cap rate10.77% — as listed
Net operating income$53,844 per year

MLS #21075304
Source
Price changeReduced by $25,000 · Sep 25, 2026
On the market379 days
CountyParker

Around this home

One moment…

Everyday life

Nearest groceryBrookshire's · 3.2 mi
Nearest parkOptimist Gazeebo Park · 3.1 mi

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Listing courtesy of Weichert REALTORS, Team Realty — Beth Correll.

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 #21075304. Information last updated October 15, 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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