MULTIFAMILYRADAR
16-Unit Multifamily in Comanche, TX, photo 1
High yieldValue-add
$675,000

16-Unit Multifamily in Comanche, TX

TX · listed Jul 28, 2026 (92 days)

Price per unit compared
This property$42K
Within ~40 mi (11)$87K
Texas median (1,196)$92K
$/unit
$42,188
▼ 54% vs TX · 10th pct
Cap rate
—
 
NOI
$93K
$5,804/unit/yr
Units
16
2 bldg · 1967

Financials

Asking price
$675,000
Price per unit
$42,188
Price per sq ft
$105
Gross rent / year
$123,868
Net operating income
$92,870
NOI per unit
$5,804
Cap rate
Not stated
Gross yield
18.4%gross rent ÷ price
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
16
Unit mix
Not stated
Buildings
2
Year built
1967
Building size
6,436 sq ft
Avg unit size
402 sq ft
Lot size
Not stated
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
Jul 28, 2026
Days on market
92 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
2048

About this property

Welcome to a rare investment opportunity: a 16-unit multifamily property located in the heart of Comanche, Texas, the county seat of Comanche County. This strategically positioned asset combines stable cash flow with the charm of a small Central Texas town. With 16 units, the property offers meaningful scale while remaining manageable. In small markets like Comanche, long-term tenants are common, reducing vacancy risk. The city’s stable population, modest income levels, and moderate home values create consistent demand for quality rental housing. This 16-unit complex has been consistently well maintained, reflecting attentive ownership and stable long-term operations. Hold for cash flow or reposition with improvements and reappraise — small-town multifamily often benefits from value-add plays and long-term steadiness. This 16-unit multifamily property in Comanche, Texas, represents a compelling blend of stable income, value-add potential, and community-driven demand. For investors looking to diversify into a low-cost, small-market multifamily play with long-term upside, this asset offers a rare opportunity in Central Texas.

Location

Approximate area. The exact address is shared on request.

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