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112 N Hatcher Ave

Lewisville, TX 75057

$600,000

2 units · 1940

Units2
Building area2,574 sq ft
Year built1940
Gross income$34,000/yr
Cap rate1% as listed
Parking3 spaces
Lot size0.46 acres
TypeTriplex

What it costs to own

TaxesNot provided by the listing
HOANone listed
Operating expenses$28,000 per year — as listed
Insurance$4,800 per year — as listed
Net operating income$6,000 per year — as listed

About this home

Rare mixed-use investment opportunity in the heart of Old Town Lewisville! This three-unit property at 112, 118 and 120 N Hatcher Ave sits on a single lot zoned OTMU-2, offering flexibility for continued residential income or future commercial and mixed-use redevelopment. The property includes a duplex (one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit) plus a standalone 2-bedroom, 1-bath home, all on the same parcel, with three separate addresses generating multiple income streams from day one.

Located just blocks from Old Town Lewisville's shops, restaurants, and rail access, the property sits in one of the metroplex's most walkable, rapidly revitalizing downtown districts. OTMU-2 zoning provides flexibility for continued rental use or future redevelopment. A strong addition to an income portfolio, or an opportunity for a developer to capitalize on the area's continued growth.

The details

HeatingCentral
CoolingCeiling Fan(s), Central Air
FlooringHardwood
AppliancesGas Cooktop, Gas Oven
Interior featuresEat-in Kitchen, Natural Woodwork, Open Floorplan

Construction materialsWood
RoofTile
FoundationSlab

Water sourceCity Water
SewerCity Sewer
ElectricElectricity Connected

SubdivisionHatcher-Herod Addition

ElementaryValley Ridge
Middle schoolDelay
High schoolLewisville
DistrictLewisville ISD

Gross income$34,000 per year
Operating expenses$28,000 per year
Insurance$4,800 per year
Cap rate1% — as listed
Net operating income$6,000 per year

MLS #21352382
Source
Price changeReduced by $250,000 · Sep 14, 2026
On the market40 days
CountyDenton

Around this home

One moment…

Everyday life

Nearest groceryFiesta Mart · 0.7 mi
Nearest parkWayne Ferguson Plaza · 0.2 mi

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Listing courtesy of Pax Realty — Drew Elliott.

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 #21352382. Information last updated September 14, 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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