1 / 12$5,000,000
16-Unit Multifamily in Decatur, TX
Wise County, TX · listed Aug 22, 2026 (67 days)
Price per unit compared
This property$313K
Within ~40 mi (65)$175K
Texas median (1,029)$100K
- $/unit
- $312,500
- ▲ 213% vs TX · 94th pct
- Cap rate
- 5.7%
- ▼ 1.6 pts vs TX median
- Gross yield
- —
- Units
- 16
- 17 bldg
Financials
- Asking price
- $5,000,000
- Price per unit
- $312,500
- Price per sq ft
- Not stated
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 5.7%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 16
- Unit mix
- 9 single family homes, 7 apartment units and one office
- Buildings
- 17
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- 6.76 acres
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 22, 2026
- Days on market
- 67 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1920
About this property
Decatur Multifamily property currently configured with 9 single family homes, 7 apartment units and one office with historically high occupancy. A portion of the property remains undeveloped and can be developed if annexed into the city and sewer tied in. Strategic North Texas location—approximately 30 minutes west of Denton, 40 minutes north of downtown Fort Worth, and 45 minutes northwest of DFW International Airport. Decatur is the county seat of Wise County with excellent regional access positioned along the HWY 287 & HWY 380 corridor.
Multifamily | 5.72% CAP | 16 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Decatur, TX | $5M | $294K$294K | — |
 Decatur, TXNew | $5M | $200K$200K | — |
 Paradise, TXStabilized | $3M | $188K$188K | 5.7% |
 Paradise, TX | $1.8M | $225K$225K | 10%gy |
 Paradise, TXNewStabilized | $2M | $400K$400K | — |
 Springtown, TXOwner financingHigh yieldStabilized | $500K | $83K$83K | 13.2%gy |