MULTIFAMILYRADAR
17-Unit Multifamily in Decatur, TX, photo 11 / 3
$5,000,000

17-Unit Multifamily in Decatur, TX

TX · listed Aug 21, 2026 (68 days)

Price per unit compared
This property$294K
Within ~40 mi (65)$175K
Texas median (1,029)$100K
$/unit
$294,118
▲ 194% vs TX · 94th pct
Cap rate
—
 
NOI
$286K
$16,813/unit/yr
Units
17
11 bldg · 2021

Financials

Asking price
$5,000,000
Price per unit
$294,118
Price per sq ft
$201
Gross rent / year
Not stated
Net operating income
$285,827
NOI per unit
$16,813
Cap rate
Not stated
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
17
Unit mix
9 SINGLE FAMILY HOMES, 7 APARTMENT UNITS AND ONE OFFICE
Buildings
11
Year built
2021
Building size
24,827 sq ft
Avg unit size
1,460 sq ft
Lot size
Not stated
Condition
Not stated

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 #
1777

About this property

THE DEVELOPMENT SITS ON 6.73 ACRES 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. DECATUR IS STRATEGIC NORTH TEXAS LOC ATION 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 SE AT OF WISE COUNTY WITH EXCELLENT REGIONAL ACCESS POSITIONED ALONG THE US-81-287 AND HWY 380 CORRIDORS. BUILDINGS WERE BUILT BETWEEN 2020 TO 2024. THE ORIGINAL HOUSE WAS BUILT IN 1955.

Location

Approximate area. The exact address is shared on request.

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