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$99,000

609 W Gay Ave, Gladewater, TX, 75647

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,258 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$78.7 / sqft
Year BuiltBuilt in 1940

About this property

Looking for potential? This is it! Whether you’re searching for a long-term investment, your next rental opportunity, or a place to turn into Home Sweet Home, this property is ready for someone with a little vision to make it shine. Featuring 2 original bedrooms plus a bonus flex room, 1.5 baths, a functional kitchen, separate laundry area, and plenty of character throughout, there are lots of possibilities for how to make the space work for you. The flexible bonus room could serve as an office, hobby room, additional living space, or whatever fits your needs. Outside, you’ll find covered parking, a shaded yard, and mature trees, all tucked into a convenient Gladewater location close to shopping, schools, downtown, and Lake Gladewater.

Investor Tools

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$134,000
Estimated Property Value
$54,249Estimated Mortgage Balance
$94,802Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$804 /month
Positive
Cash Flow Estimate:
$268 /month

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Tammy Kessler

Texas Real Estate Executives

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$178/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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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: Gladewater

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