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$484,880

NAL Estimated Property Value

513 NW 6th Street, Mineral Wells, TX, 76067

Off MarketInfo
Baths56,320 Sq Ft
Year BuiltBuilt in 1920

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

AppliancesElectric Range, Refrigerator
FlooringHardwood

Exterior

Lot Size10,498 sqft

Building Information

Year Built1921

Land Information

APN230540000
Lot NumberD,E
SubdivisionWiggins
Land UseResidential
Legal DescriptionWIGGINS BLK 7 SUB 2 LOT N5X100 OF LT D & ALL OF LT E --COMM PT APT COMPLEX-- G#W0700-00-00070-002-0D-3
Census Tract000500
Assessed Land Value$43,530
Assessed Improvement Value$441,350
Assessment Year2025

About this property

Fantastic investment opportunity to own iconic multi-unit apartment complex close to Downtown Mineral Wells! Located in the lovely, Northwest quadrant of the city, this charming six-unit stucco building has had multiple updates in the past 7 years including approximately 90 percent of the plumbing, roof replacement, electrical panels, removal of gas service, water heater, addition of ductless air units in ground units, and many other updates. Built in 1920, and 9 years older than the famous Baker Hotel, each individual apartment still reflects some of the historical charm of its original era, including hardwood floors, stucco walls and customized shelves and cabinetry. Property is being sold AS IS, and as of listing date, one unit is becoming available and all others have 12 mo or M2M leases with varying expiration dates. With each unit boasting approximately 1200 sf of space, these apartments have the potential to be updated into luxury, urban villa suites! Call today for more info!

Investor Tools

Property Icon
$484,880
Estimated Property Value
$881,600Estimated 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
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,084/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,588
$484,880
2025
$43,530
$441,350
$484,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,588
$484,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Clear Fork Bank Na
Commercial
$400,000
No
First
Mar 20, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$881,600
N/A
0%
182%
$5,398/mo

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.

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: Mineral Wells

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513 NW 6th Street | Property Details | No Agent List