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600-614 Canfield St, Gladewater, TX, 75647

--beds
--baths
--sqft
$619,000
--price/sqft
$4,571/moest. monthly cost
$182,840/yrincome needed

About This Home

Turnkey investment property featuring 4 duplexes (8 total units) that are 100% occupied and generating over $73,000 in annual gross rental income. Tenants pay all utilities, keeping operating costs low and cash flow strong. All buildings have brand-new roofs with a 15-year transferable warranty, reducing future maintenance expenses. Located near primary schools and the vibrant downtown area, this property offers consistent rental demand and long-term growth potential—an ideal low-maintenance addition to any investment portfolio.

Getting Around

55
WalkingSomewhat Walkable
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Schools

--
Gladewater Primary SchoolGrades PK-10.3 mi
4/10
Gladewater Middle SchoolGrades 6-81.2 mi
5/10
Gladewater High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1977

Materials

  • Foundation: Slab
  • Roof: Composition,Gable
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Electric Range/Oven,Free Standing Range/Oven,Microwave,Dishwasher,Electric Water Heater
  • Laundry features: Electric Dryer Hookup,Laundry Room,Washer Hookup

Dining Room

  • Features: Formal Dining

Features

  • Ceiling Fan(s),Eat-in Kitchen
  • Window features: Window Treatments
  • Flooring: Vinyl,Tile
  • Fireplace features: None

Heating & Cooling

  • Heating features: Central,Natural Gas,Electric
  • Cooling features: Central Air,Gas

Property

Details

  • Parcel number: 25264

Lot

  • Features: Landscaped

Parking

  • Parking features: Open,Parking Pad,Rear/Side Entry
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormVery High
  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Ice Storm
Tornado
Cold Wave
Hail
Heat Wave
Lightning
Strong Wind
Winter Weather
Inland Flooding

FEMA Declared Disasters Across Texas Counties

Flood
Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,130$37,560
Home Insurance *$619$7,428
Property Taxes $584$7,008
Electricity $238$2,859
Total$4,571$54,852
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$156,720/yr
40% on housing$137,130/yr
45% on housing$121,893/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 75647$116
Gregg County$137

vs Homes Sold Last Month

Median $/sqft

ZIP 75647$127
Gregg County$127

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-09-15Listed for sale$619,000

For Sale by Agent

AgentAdam Mack
BrokerageJBK Residential

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