1 / 13Stabilized
$3,000,000
16-Unit Multifamily in Paradise, TX
Wise County, TX · listed Aug 22, 2026 (67 days)
Price per unit compared
This property$188K
Within ~40 mi (147)$150K
Texas median (1,029)$100K
- $/unit
- $187,500
- ▲ 88% vs TX · 83rd pct
- Cap rate
- 5.7%
- ▼ 1.6 pts vs TX median
- Gross yield
- —
- Units
- 16
- 8 bldg
Financials
- Asking price
- $3,000,000
- Price per unit
- $187,500
- 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
- Not stated
- Buildings
- 8
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- 15 acres
- Condition
- Stabilized
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 #
- 1965
About this property
The property consists of 15 total acres with 8 full duplexes and approximately 7.5 acres of remaining land for future development. Each duplex unit is 2 bed 2 bath with a carport and has historically strong occupancy.
Strategic Wise County location located along State Highway 114, approximately 40 miles northwest of Fort Worth, offering convenient access to the greater DFW area.
Minutes from Decatur - Paradise is located approximately 6 miles southwest of Decatur, providing easy access to additional shopping, dining, healthcare and services.
Multifamily | 5.68% CAP | 16 Units
Location
Approximate area. The exact address is shared on request.
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