1 / 11Stabilized
$3,000,000
16-Unit Multifamily in Paradise, TX
TX · listed Aug 21, 2026 (68 days)
Price per unit compared
This property$188K
Within ~40 mi (61)$175K
Texas median (1,029)$100K
- $/unit
- $187,500
- ▲ 88% vs TX · 83rd pct
- Cap rate
- 5.7%
- ▼ 1.6 pts vs TX median
- NOI
- $170K
- $10,652/unit/yr
- Units
- 16
- 8 bldg · 2000
Financials
- Asking price
- $3,000,000
- Price per unit
- $187,500
- Price per sq ft
- $192
- Gross rent / year
- $249,600
- Net operating income
- $170,426
- NOI per unit
- $10,652
- Cap rate
- 5.7%
- Gross yield
- 8.3%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 16
- Unit mix
- Not stated
- Buildings
- 8
- Year built
- 2000
- Building size
- 15,600 sq ft
- Avg unit size
- 975 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 21, 2026
- Days on market
- 68 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1775
About this property
Highlights
- Eight duplex buildings provide established rental income.
- Approximately 7.5 acres remain available for future development.
- Located along State Highway 114 in Wise County.
- Approximately six miles southwest of Decatur.
- Two-bedroom, two-bathroom units include carports.
- Offered at $3,000,000 with a stated 5.68% cap rate.
- Property Flyers
- Paradise Duplexes Flyer
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Paradise, TX | $1.8M | $225K$225K | 10%gy |
 Paradise, TXNewStabilized | $2M | $400K$400K | — |
 Decatur, TX | $5M | $313K$313K | 5.7% |
 Decatur, TX | $5M | $294K$294K | — |
 Springtown, TXOwner financingHigh yieldStabilized | $500K | $83K$83K | 13.2%gy |
 Decatur, TXNew | $5M | $200K$200K | — |