MULTIFAMILYRADAR
15-Unit Multifamily in Lindale, TX, photo 11 / 25
▼ 2% cutStabilized
$2,699,000

15-Unit Multifamily in Lindale, TX

Smith County, TX · listed Apr 30, 2026 (181 days)

▼ Reduced 1.9% on Aug 17, 2026, was $2,750,000

Price per unit compared
This property$180K
Within ~40 mi (20)$115K
Texas median (1,029)$100K
$/unit
$179,933
▲ 80% vs TX · 82nd pct
Cap rate
—
 
NOI
$139K
$9,277/unit/yr
Units
15
2 bldg · 2020

Financials

Asking price
$2,699,000
Price per unit
$179,933
Price per sq ft
$160
Gross rent / year
$230,036
Net operating income
$139,158
NOI per unit
$9,277
Cap rate
Not stated
Gross yield
8.5%gross rent ÷ price
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
15
Unit mix
eleven 2 bed, 2.5 bath units at 1,160 sq ft, along with four 1 bed, 1.5 bath units at 900 sq ft
Buildings
2
Year built
2020
Building size
16,890 sq ft
Avg unit size
1,126 sq ft
Lot size
0.54 acres
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Apr 30, 2026
Days on market
181 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Aug 17, 2026: $2.75M → $2.7M
Location
Approximate (~0.5 mi)
Listing #
1193

About this property

This recently built apartment complex in Lindale offers a rare opportunity to own a fully occupied, income-producing property in a highly desirable and growing area. Consisting of two buildings with a total of 15 units, this well-maintained complex is 100% occupied and designed with both investor return and tenant comfort in mind. The unit mix includes eleven 2 bed, 2.5 bath units at 1,160 sq ft, along with four 1 bed, 1.5 bath units at 900 sq ft. Each unit features a fresh, modern design with spacious layouts and access to a private fenced backyard area - an added feature that sets this property apart and enhances tenant appeal. Tenants pay all utilities, helping maximize efficiency and simplify management. Ideally located in Lindale school district, the property is just minutes from local shopping, dining, and amenities, with convenient access to Tyler and I-20 for easy commuting to surrounding cities. With strong occupancy, desirable unit features, and a prime location, this is an exceptional investment opportunity in the heart of East Texas!

100% leased | downtown Lindale

Location

Approximate area. The exact address is shared on request.

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