
13-Unit Multifamily in Cleburne, TX
TX · listed Jun 3, 2026 (147 days)
- $/unit
- $200,000
- ▲ 117% vs TX · 86th pct
- Cap rate
- —
- NOI
- $183K
- $14,112/unit/yr
- Units
- 13
- 4 bldg · 2015
Financials
- Asking price
- $2,600,000
- Price per unit
- $200,000
- Price per sq ft
- $166
- Gross rent / year
- $234,000
- Net operating income
- $183,456
- NOI per unit
- $14,112
- Cap rate
- Not stated
- Gross yield
- 9%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 13
- Unit mix
- 13 income-producing units
- Buildings
- 4
- Year built
- 2015
- Building size
- 15,680 sq ft
- Avg unit size
- 1,206 sq ft
- Lot size
- Not stated
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 3, 2026
- Days on market
- 147 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1170
About this property
This attractive multi-family investment property offers a strong combination of dependable rental appeal, durable construction features, and practical tenant amenities. Although Tax records reflect a Cleburne, Texas address, the property is more commonly recognized as being located in Keene, Texas, providing convenient access to both communities and surrounding growth corridors. Property is only minutes from Chisholm Trail Parkway. The Property consists of one fourplex building and three triplex buildings situated on appx 5.58 acres, creating a spacious residential setting with a total of 13 income-producing units. The fourplex includes covered two-car carports, while the triplex buildings feature integrated carport designs that provide convenient covered parking for residents and contribute to the property's cohesive appearance and functionality. All units are thoughtfully designed with spacious two-bedroom, two-bath floor plans that appeal to a broad tenant base. Residents enjoy comfortable living spaces enhanced by walk-in closets in the bedrooms, dedicated washer and dryer rooms for full size appliances, and fully equipped kitchens with dishwasher included in every unit. Each residence is equipped with central heating and air conditioning, with the majority of the units consisting of quality Crane HVAC units, supporting reliable climate and long-term operational efficiency. The interiors feature stained concrete throughout, offering an attractive, modern appearance combined with durability and ease of maintenance -an ideal feature for long-term property ownership and reduced turnover costs. Significant recent capital improvements have already been completed, including newer roofs on all buildings with roof ages ranging between 12 and 16 months. These recent upgrades help minimize near-term maintenance concern. The property is supported by a combination of two septic systems. Opportunity to buy additional investment property, MLS #21289495
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Joshua, TXStabilized | $2.6M | $163K$163K | 8.9%gy |
Keene, TXNewStabilized | $995K | $142K$142K | — |
Joshua, TXNew | $3.25M | $232K$232K | — |
Value-add | $2.75M | $250K$250K | — |
Owner financingNew construction | $3.29M | $206K$206K | 5.1% |
Fort Worth, TXNew construction | $2.5M | $278K$278K | — |



