508 Karen Dr Unit 512 Hewitt, TX 76643
Estimated payment $1,894/month
Highlights
- Private Yard
- Walk-In Closet
- 1-Story Property
- Castleman Creek Elementary School Rated A
- Ceramic Tile Flooring
- 4 Detached Carport Spaces
About This Home
A solid, low-maintenance investment that’s already working for you from day one.
This all-brick duplex in Hewitt brings together dependable rental income, long-term tenants, and room for future upside—all in a location that makes it easy to keep units filled year after year. Each side offers a spacious 2-bedroom, 2-bath layout with a comfortable living area, its own laundry space, and covered parking. Tenants appreciate the simple, functional floorplan and the feeling of privacy that comes with a fully fenced backyard and mature trees. Investors appreciate that both units are already occupied and performing. Because rents haven’t been raised in several years, there’s meaningful potential to boost cash flow simply by updating rates to match today’s market—without needing major renovations or guesswork. The property sits in a convenient part of Hewitt, close to shopping, dining, schools, and everyday essentials, making it an easy choice for tenants and a steady performer for landlords. Whether you’re adding to your portfolio or jumping into your first investment, this duplex offers a rare combination of stability, simplicity, and upside. A smart buy in a great location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,418
Year Built
- Built in 1981
Lot Details
- 0.34 Acre Lot
- Wood Fence
- Private Yard
Home Design
- Duplex
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
- Asphalt Roof
Interior Spaces
- 1-Story Property
- Fire and Smoke Detector
Kitchen
- Electric Oven
- Electric Range
- Dishwasher
- Disposal
Flooring
- Carpet
- Linoleum
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 4 Full Bathrooms
Parking
- 4 Detached Carport Spaces
- No Garage
- Driveway
Outdoor Features
- Outdoor Storage
Schools
- Castleman Creek Elementary School
- Midway High School
Utilities
- Central Air
- Heating Available
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 2 / 7
- Assessor Parcel Number 363410000054005
Community Details
Overview
- 2 Units
- 2,323 Sq Ft Building
- Wiethorn Subdivision
Amenities
- Community Mailbox
Building Details
- Gross Income $19,200
- Net Operating Income $13,782
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,499 | $227,410 | $29,470 | $197,940 |
| 2024 | $4,499 | $233,370 | $29,470 | $203,900 |
| 2023 | $4,862 | $250,070 | $29,470 | $220,600 |
| 2022 | $5,014 | $229,990 | $29,470 | $200,520 |
| 2021 | $4,520 | $188,110 | $29,470 | $158,640 |
| 2020 | $4,144 | $171,070 | $28,070 | $143,000 |
| 2019 | $4,288 | $172,030 | $26,730 | $145,300 |
| 2018 | $4,122 | $163,880 | $25,460 | $138,420 |
| 2017 | $3,502 | $138,200 | $17,320 | $120,880 |
| 2016 | $3,386 | $133,640 | $16,980 | $116,660 |
| 2015 | $3,123 | $124,030 | $16,650 | $107,380 |
| 2014 | $3,123 | $122,720 | $16,320 | $106,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/11/2025 11/11/25 | Pending | -- | -- | -- |
| 10/23/2025 10/23/25 | For Sale | $290,000 | -- | $125 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | First American Title Waco |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $95,250 | Purchase Money Mortgage |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 21092574
APN: 36-341000-005400-5
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Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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