1 / 1612-Unit Multifamily in Azle, TX
TX · listed Feb 5, 2026 (265 days)
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Azle, TXStabilized | $1.35M | $225K$225K | 5.8%gy |
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Weatherford, TXStabilized | $4.5M | $450K$450K | 2.6%gy |
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