MULTIFAMILYRADAR
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15-Unit Multifamily in Azle, TX, photo 11 / 2
Value-add
$995,000

15-Unit Multifamily in Azle, TX

TX · listed Aug 25, 2026 (63 days)

Price per unit compared
This property$66K
Within ~40 mi (78)$174K
Texas median (1,029)$100K
$/unit
$66,333
▼ 34% vs TX · 20th pct
Cap rate
—
 
NOI
$62K
$4,152/unit/yr
Units
15
15 bldg · 2019

Financials

Asking price
$995,000
Price per unit
$66,333
Price per sq ft
$22
Gross rent / year
$93,480
Net operating income
$62,277
NOI per unit
$4,152
Cap rate
Not stated
Gross yield
9.4%gross rent ÷ price
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
15
Unit mix
Not stated
Buildings
15
Year built
2019
Building size
46,173 sq ft
Avg unit size
3,078 sq ft
Lot size
1.16 acres
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
Aug 25, 2026
Days on market
63 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1495

About this property

Rare opportunity to acquire Eagle Point RV Park, a boutique 15-site lakefront RV community on Eagle Mountain Lake offering approximately 100 feet of owned lake frontage, direct water access, and a covered dock with two boat slips. This income-producing property combines the stability of long-term RV site rentals with recreational amenities rarely available in competing RV parks. The park features 15 RV sites, gravel drives and parking areas, mature trees, fenced boundaries, and convenient access to the lake for boating and fishing. Current rental structure includes 13 sites at $525month, one site at $650month, and one site at $315month, providing projected gross site rent of approximately $93,480 annually at full occupancy. Based on normalized operating expenses, projected NOI is approximately $70,854, with additional value-add opportunity through future rent growth and operational improvements. Offered at $1,100,000, Eagle Point provides investors an opportunity to acquire both an established income-producing RV operation and scarce waterfront real estate in the growing DFW market. The lake frontage, private dock, boat slips, mature setting, and proximity to Fort Worth distinguish this property from traditional inland RV communities and provide potential for continued rental demand and long-term appreciation. Ideal for an investor seeking a stabilized recreational asset, owner-operator opportunity, or value-add investment with a difficult-to-replicate waterfront location. Do not disturb tenants. Contact listing agent for financial information, property details, and showing instructions.

From Fort Worth, take I-820 W to TX-(address on request) toward Lake Worth. Continue northwest on TX-199 toward Azle. Take the appropriate exit toward FM (address on request) and continue toward the Eagle Mountain Lake area. Follow local roads to Briar Road and continue to (address on request), Azle, TX 76020.

Location

Approximate area. The exact address is shared on request.

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