1 / 2515-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
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Lindale, TXNew | $2.7M | $180K$180K | — |
Lindale, TXHigh yieldStabilized | $1M | $83K$83K | 10.9% |
Tyler, TXOwner financingValue-add | $1.65M | $183K$183K | 5.8% |
Tyler, TXStabilized | $2.95M | $246K$246K | 9.9%gy |
Tyler, TXStabilized | $5.5M | $229K$229K | 5% |
Mineola, TXNew construction | $6.5M | $135K$135K | 4.1% |





