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$163,821

NAL Estimated Property Value

401-403 N Howeth Street, Gainesville, TX, 76240

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,840 Sq Ft
DuplexDuplex
Year BuiltBuilt in 1941

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
CoolingCooling
AppliancesElectric Range, Refrigerator
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size9,204 sqft

Building Information

Year Built1941
Roof Type105
Garage Spaces2

Land Information

APN13487
Lot Number7
SubdivisionRobertson Addn #2
Land UseResidential
Legal DescriptionROBERTSON ADDN #2; BLOCK 4; LOT 7 & S 10' OF 8
Census Tract000600
Assessed Land Value$37,464
Assessed Improvement Value$126,357
Assessment Year2025

About this property

This adorable duplex is a wonderful opportunity for both a cozy residence and a potential source of income when you rent the other half! These 2 bed, 1 bath units are clean, vacant, and move-in ready. Both kitchens have a refrigerator, a stove and nicely updated countertops and sinks with plenty of cabinet space. One side features an extra room and a bonus storage closet. The detached 2-car garage has a breezeway and two additional rooms that could be workshops. This duplex’s close proximity to restaurants, WinStar, grocery stores, and easy walking distance to Edison Park, offers both residents and potential tenants exceptional convenience. Gainesville’s town square is only a mile away where events and festivals add to the charm of the town. Whether you’re looking to move in and rent the other half, move in with the mother-in-law in her own private unit, or if you’re purely looking for an investment property, this duplex offers a great opportunity. Come see how clean this property is!

Investor Tools

Property Icon
$163,821
Estimated Property Value
$140,419Estimated Mortgage Balance
$23,402Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$983 /month
Positive
Cash Flow Estimate:
$328 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$327/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,105
$163,821
2025
$37,464
$126,357
$163,821
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,105
$163,821

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Joseph Bradley Davidson
Building Or Construction Loan
$143,200
No
First
Dec 14, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$140,419
$23,402
14%
86%
$1,102/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$1,102/mo
$-52/mo
7.7%

Learn About the Market: Opportunity in Texas

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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.

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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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401-403 N Howeth Street | Property Details | No Agent List