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$133,649

NAL Estimated Property Value

315 Andrews Street, Gainesville, TX, 76240

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,696 Sq Ft
TriplexTriplex
Year BuiltBuilt in 1920

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 1.5Bathrooms Full 1.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesElectric Range, Refrigerator
FlooringLinoleum, Vinyl, Wood

Exterior

Lot Size8,459 sqft

Building Information

Year Built1920
Roof Type105
Garage Spaces1

Land Information

APN12488
Lot Number2
SubdivisionSparks Addn
Land UseResidential
Legal DescriptionSPARKS ADDN; BLOCK 18; LOT 2; TR A; ACRES .1942
Census Tract000500
Assessed Land Value$37,981
Assessed Improvement Value$95,668
Assessment Year2025

About this property

Triplex - needs TLC. It does not have central air or heat. Each unit is separately metered, and tenants are responsible for paying all utilities except water. It is zoned Multi-family. This property is a great investment opportunity, priced below the appraised value.

Investor Tools

Property Icon
$133,649
Estimated Property Value
$235,053Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,014 /month
Positive
Cash Flow Estimate:
$338 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$267/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,531
$133,649
2025
$37,981
$95,668
$133,649
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,531
$133,649

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Commercial Lender Llc
Commercial
$240,000
No
First
Mar 14, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$235,053
N/A
0%
176%
$1,439/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$1,439/mo
$-389/mo
9.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Gainesville

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315 Andrews Street | Property Details | No Agent List