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$189,000

TBD SWC of Berke St & Central Ave, Newark, TX, 76071

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

About this property

Located just off of FM 718 at the corner of Central Avenue and Berke Street. Currently zoned multifamily (>2), the city has been willing to work with owners on the same street to rezone differently if desired. The purchase of this .683 acre tract includes the plans for a 2 story - 6 unit apartment building. With the possible addition of another building in the future. Each apartment, approximately 820 SF (+ or -) includes open living, dining, kitchen area, 1 bath with 2 separate vanity rooms, stackable washer*dryer space, balcony or patio. Located in Southern Wise County, very near the booming Northwest Tarrant County corridor off of Hwy 287. All information is deemed reliable but to be verified by buyer and buyer's agent.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,134 /month
Positive
Cash Flow Estimate:
$378 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/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: Newark

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