MULTIFAMILYRADAR
12-Unit Multifamily in Cleveland, TX, photo 1
NewStabilized
$685,000

12-Unit Multifamily in Cleveland, TX

TX · listed Oct 23, 2026 (5 days)

Price per unit compared
This property$57K
Within ~40 mi (180)$94K
Texas median (1,196)$92K
$/unit
$57,083
▼ 38% vs TX · 19th pct
Cap rate
—
 
Gross yield
—
 
Units
12
1996

Financials

Asking price
$685,000
Price per unit
$57,083
Price per sq ft
$549
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
Not stated
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
12
Unit mix
3/2 1248 SF manufactured home, 2/1 1365 SF home and a 600 SF workshop
Buildings
Not stated
Year built
1996
Building size
1,248 sq ft
Avg unit size
104 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Oct 23, 2026
Days on market
5 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1726

About this property

100% occupied income producing property! 12.8 Acres of unrestricted property which includes a 3/2 1248 SF manufactured home, 2/1 1365 SF home and a 600 SF workshop that has partial concrete, electrical and water! 13 mobile home spots that are owner occupied - they are just leasing the spaces. Unlimited potential on what you can do with the remaining property which is fully wooded. Ideas include adding additional spaces for more mobile homes, RVs or tiny homes. You could also build your dream home in the back as there is plenty of private wooded space! Property is conveniently located just off Hwy 105 E and minutes from downtown Cleveland as well as the Bypass putting you on IH 69. One of the tenants manages the property and it is meticulously maintained! Property has 1 well and 4 septic systems. If you are looking to start your investment portfolio or add to it, this is a great opportunity for you to do so! Overhead expenses are VERY LOW. This property will be profitable from day 1.

Location

Approximate area. The exact address is shared on request.

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