Seller's Agent in 2025
Stephen Eaton
Eaton Real Estate Company,LLC
(409) 766-1111
232 Total Sales
415 E 4th Ave Belton, TX 76513
Estimated Value: $383,591 - $539,000
Studio
2
Baths
4,840
Sq Ft
$92/Sq Ft
Est. Value
Highlights
- No HOA
- Multiple cooling system units
- Central Heating and Cooling System
About This Home
As of March 2018This well-maintained 4-unit multifamily property is located in the growing Belton–Temple corridor of Central Texas, a market supported by stable demand and limited small multifamily supply. The property is 100% occupied and has been consistently managed, offering immediate in-place income with the potential for future upside. The asset features oversized floorplans of approximately 1,200 square feet per unit, a highly desirable attribute within the submarket that supports long-term tenant retention. The unit mix includes two 3-bedroom / 2-bath units and two 2-bedroom / 1-bath units. Tenants are responsible for all utilities, helping reduce operating expenses. Ownership reports the property to be in good condition with no known deferred maintenance. The property is offered at $495,000. A comparable multifamily property in the immediate area sold approximately two months ago at approximately $142,000 per unit and $123 per square foot. By comparison, the subject property is currently offered at approximately $124,000 per unit and $102 per square foot, allowing an investor to acquire a stabilized asset at a basis below recent market transactions while maintaining flexibility for future value creation. According to third-party rental platforms, including Zillow, market rent estimates for comparable unit types in the area indicate rental levels above current in-place rents. While actual rents may vary, this data suggests the potential for incremental rent growth over time, subject to unit condition, market demand, and existing lease terms. Buyers are encouraged to conduct their own rent and expense due diligence. The property is situated in a stable residential neighborhood near major employment centers, retail amenities, and a highly rated school district. Surrounding multifamily assets demonstrate strong occupancy, and new multifamily development in the immediate area remains limited.
Last Agent to Sell the Property
Premier, REALTORS License #0475183 Listed on: 01/30/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2005
Lot Details
- 7,418 Sq Ft Lot
Parking
- No Garage
Home Design
- Triplex
- Slab Foundation
Interior Spaces
- 4,840 Sq Ft Home
- Property has 2 Levels
Kitchen
- Electric Range
- Dishwasher
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Electric Water Heater
Community Details
- No Home Owners Association
- 4 Units
- Alexanders Add Subdivision
Listing and Financial Details
- Legal Lot and Block 2 / 4
- Assessor Parcel Number 10656
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 30, 2018
Closed on
Mar 28, 2018
Sold by
Crook & Redding Llc
Bought by
Douglas R W
Seller's Agent
Eric Zadnick
Premier, REALTORS
Buyer's Agent
Ricci Wilson-Douglas
Accent Real Estate Services
List Price
$330,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.25%
Original Mortgage
$280,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Apr 29, 2015
Closed on
Sep 23, 2015
Sold by
R & R Investments and Crook Randy
Bought by
Crook & Redding Llc
Seller's Agent
Michael Sikes
Sikes Properties
Buyer's Agent
Eric Zadnick
Premier, REALTORS
List Price
$379,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.67%
Original Mortgage
$220,000
Interest Rate
4.13%
Mortgage Type
Commercial
Purchase Details
Listed on
Apr 29, 2015
Closed on
Aug 14, 2015
Sold by
Madden Farrell D
Bought by
R & R Investments
Seller's Agent
Michael Sikes
Sikes Properties
Buyer's Agent
Eric Zadnick
Premier, REALTORS
List Price
$379,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.13%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Douglas R W | -- | None Available | |
| Crook & Redding Llc | -- | None Available | |
| R & R Investments | -- | Centraland Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Douglas R W | $280,000 | |
| Previous Owner | R & R Investments | $220,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/19/2025 12/19/25 | For Sale | $495,000 | +50.0% | $102 / Sq Ft | |
| 03/29/2018 03/29/18 | Sold | -- | -- | -- | |
| 02/27/2018 02/27/18 | Pending | -- | -- | -- | |
| 01/30/2018 01/30/18 | For Sale | $330,000 | -12.9% | $68 / Sq Ft | |
| 08/14/2015 08/14/15 | Sold | -- | -- | -- | View Prior Sale |
| 07/15/2015 07/15/15 | Pending | -- | -- | -- | |
| 04/29/2015 04/29/15 | For Sale | $379,000 | -- | $78 / Sq Ft |
Source: Central Texas MLS (CTXMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,357 | $452,237 | $28,560 | $423,677 |
| 2024 | $9,357 | $458,094 | $28,560 | $429,534 |
| 2023 | $9,165 | $452,827 | $23,293 | $429,534 |
| 2022 | $7,166 | $312,827 | $16,543 | $296,284 |
| 2021 | $5,639 | $229,833 | $16,543 | $213,290 |
| 2020 | $5,707 | $218,825 | $16,543 | $202,282 |
| 2019 | $6,569 | $239,053 | $16,543 | $222,510 |
| 2018 | $6,353 | $233,760 | $11,250 | $222,510 |
| 2017 | $5,876 | $230,010 | $7,500 | $222,510 |
| 2016 | $5,876 | $230,010 | $7,500 | $222,510 |
| 2014 | $5,877 | $230,010 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Eaton
-
Eric Zadnick
E
Seller's Agent in 2018
Eric Zadnick
Premier, REALTORS
(254) 855-4455
1 in this area
79 Total Sales
-
Ricci Wilson-Douglas
R
Buyer's Agent in 2018
Ricci Wilson-Douglas
Accent Real Estate Services
(254) 258-5613
6 in this area
39 Total Sales
-
Michael Sikes
M
Seller's Agent in 2015
Michael Sikes
Sikes Properties
(254) 495-5637
1 in this area
32 Total Sales
Map
Source: Central Texas MLS (CTXMLS)
MLS Number: 334670
APN: 10656
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Copyright 2025 Central Texas MLS, All Rights Reserved.
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