11-Unit Multifamily in Cleburne, TX
TX · listed Jan 21, 2025 (645 days)
- $/unit
- $250,000
- ▲ 171% vs TX · 91st pct
- Cap rate
- —
- Gross yield
- —
- Units
- 11
- 2 bldg · 1890
Financials
- Asking price
- $2,750,000
- Price per unit
- $250,000
- Price per sq ft
- $138
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 11
- Unit mix
- eleven spacious, fully-leased loft apartments
- Buildings
- 2
- Year built
- 1890
- Building size
- 20,000 sq ft
- Avg unit size
- 1,818 sq ft
- Lot size
- 0.13 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jan 21, 2025
- Days on market
- 645 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1949
About this property
For Sale: (address on request) | Historic Downtown Cleburne, TX
An extraordinary opportunity to own a cornerstone of Cleburne’s historic downtown! (address on request) is a beautifully preserved and thoughtfully updated mixed-use building, rich with history and brimming with modern potential.
Built in the late 19th century, this iconic property stands as a testament to Cleburne’s vibrant past while offering dynamic income-producing possibilities for the future. The top two floors feature eleven spacious, fully-leased loft apartments, each blending classic architectural charm with contemporary conveniences — a highly desirable combination that ensures steady residential income.
On the ground floor, the property offers prime retail and office space with multiple units currently leased and additional opportunities for expansion. With its unbeatable location in the heart of downtown, the street-level commercial spaces boast high visibility, steady foot traffic, and close proximity to shops, restaurants, and city offices, making it ideal for retail, dining, or professional services.
Whether you're an investor seeking a rare, income-generating property or an entrepreneur wanting a unique space to grow your business, 201-205 E Chambers offers limitless potential wrapped in historical elegance.
Don't miss the chance to be part of Cleburne’s past, present, and future — schedule your private tour today!
Additional amenity: 14 onsite parking spaces, a valuable asset in the downtown area. The ground floor has a large grease trap to accommodate restaurant/food tenants.
Property currently generates 20k per month with 3650sf of prime commercial space with a grease trap available.
Historical conversion in the heart of Cleburne and it's revitalization.
Highlights
- Diverse Income Streams: Residential loft apartments and commercial leases offer built-in income diversification.
- Historic Tax Incentives: Potential eligibility for historic preservation tax credits and local incentive programs.
- Residential Units: Eleven operating loft apartments to generate stable monthly rental income.
- Value-Add Potential: Opportunity to increase rents, modernize commercial interiors, or reposition spaces for higher-end tenants.
- Prime Location: Situated in the heart of Cleburne’s revitalized downtown district, surrounded by ongoing community development and city investment initiatives.
- Strong Rental Demand: Limited supply of similar historic loft-style living in the area ensures continued high occupancy.
- Future Appreciation: Downtown Cleburne is experiencing renewed growth and investment, offering significant upside potential over time.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Keene, TXNewStabilized | $995K | $142K$142K | — |
Joshua, TXStabilized | $2.6M | $163K$163K | 8.9%gy |
Cleburne, TX | $2.6M | $200K$200K | 9%gy |
Joshua, TXNew | $3.25M | $232K$232K | — |
Owner financingNew construction | $3.29M | $206K$206K | 5.1% |
Fort Worth, TXNew construction | $2.5M | $278K$278K | — |




