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Newcastle 76372
605 Arthur Avenue
$9,250
● Land - Off Market

605 Arthur Avenue

Newcastle, TX 76372
bedrooms
Studio
bathrooms
0 Bath
$62
Est. Monthly

About This Property

Prime Building Opportunity Just Blocks from Downtown! Discover the perfect spot to bring your vision to life! This cleared, ready-to-build lot is just a few blocks from the heart of downtown, offering the best of both worlds-peaceful residential living with walk able access to local events. With utilities readily available, your dream project can start right away. This property is a true blank canvas waiting for your personal touch. It's ideal for an investment build or to create a place you'll call home for years to come. Don't miss your chance to secure a piece of land in this desirable location-where convenience meets possibility! Additional lots available.
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1984

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 8 months ago (NTREIS #21073365)

Price History

Date / Event Date Event Price
Feb 26, 2026 Sold
Premium
Sold
Dec 23, 2025 In contract -
In contract
Sep 29, 2025 Listed by Weatherbee Real Estate $12,500
Listed by Weatherbee Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,000
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 320
  • Gross Building Area: 320
  • Building Area: 320
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,160
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000643
  • Standard Land Use Code: 1015
  • County Land Use Code: A4
  • Legal Description 1: ORIGINAL NEWCASTLE - BLK 6, LOTS 3-6

Neighborhood

  • School District Name: Olney Independent School District
  • Census Tract: 950402

Geography

  • Parcel: 3424
  • Block: 6
  • Lot: 3-6
  • Municipality: NEWCASTLE
  • Latitude: 33.198
  • Longitude: -98.7393

    Address

  • Full Address: 605 Arthur Ave
  • Address - House Number: 605
  • Address - Street Name: Arthur
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Newcastle
  • Carrier Code: R021
  • 4-Digit Zip Code: 3592
  • Zip Code: 76372

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,043
  • Tax Rate Code Area: CN NISD OH

    Appraisal Valuation

  • Standard Deviation: 0.2426
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 20,977
  • High Value: 26,067
  • Low Value: 15,887

    Market Valuation

  • Market Total Value: $4,900
  • Market Land Value: $2,570
  • Market Improvement Value: $2,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,900
  • Assessed Land Value: $2,570
  • Assessed Improvements Value: $2,330
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Newcastle

Stats & Trends

Median Asking:

$38,000

Sale Price/ft²

$34

Above Asking

0.00%

Average Days on Market

55

Average Home Size

1073 ft²

Average Home Age

84.3 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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NTREIS

Listed by: Amie Pratt, Weatherbee Real Estate
Last Updated: 8 months ago
Data Source: NTREIS MLS, MLS# 21073365
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 605 Arthur Avenue built and last sold?
The property at 605 Arthur Avenue was built in 1984 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 605 Arthur Avenue is $0.
What are some comparable homes to 605 Arthur Avenue?
There are currently no comparable homes to 605 Arthur Avenue.
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