Date
Details
Price
Change
Source
10/21/2026
Listed
$860,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$860,000 Just Listed
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Property Description
Income-Producing Property with Room to Grow! Explore the income potential of this versatile 17.281-acre property, featuring an ag exemption, two ponds, cross-fencing, a private well, and multiple income-producing assets, including three apartments, an 8,000-square-foot shop, and RV storage with covered and uncovered spaces. The property includes a 3-bedroom, 2-bathroom, 1,302-square-foot manufactured home with an in-ground pool, carport, a 30-by-40-foot insulated shop, and an additional 750-square-foot shop. The manufactured home, pool, and smaller shops are owner-occupied, but estimated rent potential is around $2,500 per month. A separate, approximately 8,000-square-foot insulated and conditioned shop includes two bathrooms and offers potential for commercial use, with estimated potential rent of $3,500 per month. The apartment area includes two 2-bedroom units and one 1-bedroom unit. One 2-bedroom apartment is leased for $1,350 per month, and the 1-bedroom apartment is leased for $1,250 per month. The second 2-bedroom apartment could potentially rent for $1,350 per month. RV storage provides another income stream, with 24 uncovered spaces offered for $50 per month and 18 covered spaces offered for $85 per month. With the manufactured home, large shop, all three apartments, and all RV spaces rented at the stated rates, this property has the potential to generate over $12,000 per month in gross rental income before expenses, vacancy, and other costs! There's also potential to expand income by converting covered RV spaces into apartments or adding tiny homes, subject to feasibility and applicable approvals. A unique opportunity to combine acreage, existing rental income, and multiple avenues for future growth. Rental figures and income projections are estimates and should be independently verified. There are several different gated entry points that provide individual access to the different sections of the property.
Full Property Details
Full Property Details for 435 Gene Lee Rd
General
- Price: $860,000
- Taxes: $7,281
- Status: Active
- Type: Apartment
- Source: NTREIS
- MLS ID: 21417432
- Updated: 10/22/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Open Floorplan, Cable TV
- Appliances: Dishwasher, Electric Cooktop, Electric Oven
- Flooring: Carpet, Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Pool: Yes
- Pool Description: In Ground, Outdoor Pool, Pool
Exterior
- Porch/Patio/Deck: Covered
Parking
- Garage: Yes
- Garage Spaces: 5
- Carports: Yes
- Carport Spaces: 4
- Covered Spaces: 9
- Parking Features: Attached Carport, Additional Parking, Common, Carport, Driveway, Electric Gate, Guest, Gravel, Private, RV Carport, RV Gated, Secured, Boat, RV Access/Parking
Location
- County: Palo Pinto
- Subdivision: none
- Driving Directions: See GPS.
School Information
- Elem School District: Mineral Wells ISD
- Midd School District: Mineral Wells ISD
- High School District: Mineral Wells ISD
- Elementary School: Houston
- Middle School: Mineralwel
- High School: Mineralwel
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Aerobic Septic, Septic Tank
- Water: Public, Well
- Well: Yes
- Cable Available: Yes
- Utility Description: Electricity Connected, Septic Available, Water Available, Cable Available
Structural Information
- Property Detached: Yes
- Architectural Style: Detached, Farmhouse
- Structure Type: Apartment, House, Manufactured House
- Detached/Attached: Detached
- Construction: Rock, Stone
- Roof: Metal
- Stories/Levels: 1
- Living Area: 1,349 Sq. Ft.
- Current Bldg. Use: Agricultural, Pasture
- Year Built: 2008
Additional Structures
- Other Structures: Second Garage, Garage(s), Guest House, Mobile Home, Outbuilding, Other, Second Residence, RV/Boat Storage, See Remarks, Workshop
Lot Features
- Lot Size (Acres): 17.281
- Lot Size (Sq. Ft.): 752,760.36
- Lot Size Source: Assessor
- Lot Features: Acreage, Agricultural, Cleared, Pond on Lot, Many Trees, Few Trees
- Potential Use: Agricultural
- Trees/Vegetation: Cleared, Partially Wooded
- Fencing (Description): Back Yard, Cross Fenced, Fenced, Gate
Horse Property
- Horse Property: Yes
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $7,281
- Terms: Cash, 1031 Exchange
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: AB 1217 TR 14-A A BUTLER (IMPS ONLY) --- G#11
- Disclosures/Rstr.: Accessory Dwelling Unit
- Property ID: 562374
Listed by Monument Realty, Keaton Vaughn
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 435 Gene Lee Rd —
Keaton Vaughn
Monument Realty
817-524-5800
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 435 Gene Lee Rd
School District:Mineral Wells Independent School District
| Name | Grades | Distance |
|---|---|---|
Travis Elementary School, Mineral Wells, TX 1001 Southeast Martin Luther King Junior Street, Mineral Wells, TX 76067 | PK-6 | 3.7 mi |
Mineral Wells J High School 1301 Southeast 14th Avenue, Mineral Wells, TX 76067 | 7-8 | 4.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 435 Gene Lee Rd
Tax History
Tax History for 435 Gene Lee Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$665
31%
$487,150
—
2023
$506
—
$487,150
15%
2023
$506
-6%
$424,110
—
2022
$537
-3%
$424,110
43%
2021
$556
6%
$296,720
154%
2020
$525
8%
$116,880
—
2019
$488
37%
$116,300
—
2018
$357
8%
$116,300
57%
2017
$330
9%
$74,230
—
2016
$302
—
$74,230
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 435 Gene Lee Rd
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435 Gene Lee Road, Mineral Wells, TX 76067 (MLS# 21417432) is a Apartment property with 3 bedrooms and 2 full bathrooms. 435 Gene Lee Road is currently listed for $860,000 and was received on October 21, 2026. Want to learn more about 435 Gene Lee Road? Do you have questions about finding other Apartment real estate for sale in Mineral Wells? You can browse all Mineral Wells real estate or contact a Coldwell Banker agent to request more information.