1 / 30▼ 8% cutStabilized
$1,200,000
10-Unit Multifamily in Bowie, TX
Montague County, TX · listed Nov 1, 2023 (1,092 days)
▼ Reduced 7.7% on Aug 17, 2026, was $1,300,000
Price per unit compared
This property$120K
Within ~40 mi (10)$194K
Texas median (1,029)$100K
- $/unit
- $120,000
- ▲ 20% vs TX · 61st pct
- Cap rate
- 6.6%
- ▼ 0.8 pts vs TX median
- NOI
- $85K
- $8,535/unit/yr
- Units
- 10
- 10 bldg · 2021
Financials
- Asking price
- $1,200,000
- Price per unit
- $120,000
- Price per sq ft
- Not stated
- Gross rent / year
- $117,000
- Net operating income
- $85,350
- NOI per unit
- $8,535
- Cap rate
- 6.6%
- Gross yield
- 9.8%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 10
- Unit mix
- Not stated
- Buildings
- 10
- Year built
- 2021
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- 5.97 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Nov 1, 2023
- Days on market
- 1,092 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Aug 17, 2026: $1.3M → $1.2M
- Location
- Approximate (~0.5 mi)
- Listing #
- 1914
About this property
INCOME producing Tiny home investment with additional land zoned and utilities ready for additional homes! Close to HWY 287 for commute! All 9 homes are rented and under lease. A tenth unit, mobile home, is also available. Adjoining lots are platted and ready for additional tiny homes or whatever you choose to develop.
Multi-family
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Bowie, TXValue-add | $475K | $59K$59K | — |
 Paradise, TX | $1.8M | $225K$225K | 10%gy |
 Decatur, TX | $5M | $313K$313K | 5.7% |
 Decatur, TX | $5M | $294K$294K | — |
 Paradise, TXNewStabilized | $2M | $400K$400K | — |
 Paradise, TXStabilized | $3M | $188K$188K | 5.7% |