Stabilized
$3,750,000
12-Unit Multifamily in Wheeler, TX
TX · listed Sep 16, 2025 (407 days)
Price per unit compared
This property$313K
Texas median (1,196)$92K
- $/unit
- $312,500
- ▲ 239% vs TX · 95th pct
- Cap rate
- —
- NOI
- $78K
- $6,500/unit/yr
- Units
- 12
- 6 bldg · 2012
Financials
- Asking price
- $3,750,000
- Price per unit
- $312,500
- Price per sq ft
- $176
- Gross rent / year
- $160,000
- Net operating income
- $78,000
- NOI per unit
- $6,500
- Cap rate
- Not stated
- Gross yield
- 4.3%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- eight 3-bedroom rental units and four 2-bedroom units
- Buildings
- 6
- Year built
- 2012
- Building size
- 21,306 sq ft
- Avg unit size
- 1,776 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 16, 2025
- Days on market
- 407 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2163
About this property
Beautiful craftsman style duplexes thriving as an income property in Wheeler, TX. Renters come from everywhere to escape the city for a chance to live in this unique small town atmosphere. These charming units are energy efficient foam insulated homes. They each have a garage and large fenced-in back yard. The property consist of six duplexes. There are eight 3-bedroom rental units and four 2-bedroom units.
Multi-family
Location
Approximate area. The exact address is shared on request.
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