MULTIFAMILYRADAR
12-Unit Multifamily in Azle, TX, photo 11 / 16
Stabilized
$2,986,000

12-Unit Multifamily in Azle, TX

TX · listed Feb 5, 2026 (265 days)

Price per unit compared
This property$249K
Within ~40 mi (73)$175K
Texas median (1,029)$100K
$/unit
$248,833
▲ 149% vs TX · 90th pct
Cap rate
—
 
NOI
$227K
$18,905/unit/yr
Units
12
13 bldg · 2022

Financials

Asking price
$2,986,000
Price per unit
$248,833
Price per sq ft
$166
Gross rent / year
$314,940
Net operating income
$226,861
NOI per unit
$18,905
Cap rate
Not stated
Gross yield
10.6%gross rent ÷ price
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
12
Unit mix
One-Story Units: 1,270 sq. ft., 3 br 2 bath, fully-equipped kitchen, laundry, dining Loft Units: 1,670 sq. ft., 3br,2 ba, two-level living, premium features
Buildings
13
Year built
2022
Building size
18,000 sq ft
Avg unit size
1,500 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Feb 5, 2026
Days on market
265 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1274

About this property

A premier multi-family residential investment opportunity in Azle, Texas. Spanning 10 acres, this home community offers a turnkey cash-flowing asset with a blend of rustic charm and modern convenience. Fully occupied, and minimum 1-year lease terms, investors benefit from immediate revenue and a stable income stream. Designed for quality living, the community features 12 well-crafted homes. A mix of one-story and loft-style residences, providing occupants with spacious, comfortable accommodations that blend cabin-style aesthetics with modern amenities. Additionally, two cleared expansion sites offer opportunities for future development, increasing the long-term value of this investment. Immediate Cash Flow. Fully leased with long-term occupants, providing stable rental income from day one. Expansion Potential. Two cleared sites for future residential or amenity development Desirable Location. Azle offers small-town charm with easy access to major urban centers. The property appeals to those seeking modern homes in a peaceful community Community-Oriented Design. Thoughtful layout fosters lifestyle satisfaction and retention One-Story Units: 1,270 sq. ft., 3 br 2 bath, fully-equipped kitchen, laundry, dining Loft Units: 1,670 sq. ft., 3br,2 ba, two-level living, premium features Construction: High-quality materials for durability and reduced maintenance cost

Location

Approximate area. The exact address is shared on request.

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