1 / 317-Unit Multifamily in Decatur, TX
TX · listed Aug 21, 2026 (68 days)
- $/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.
Similar buildings nearby
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|---|---|---|---|
Decatur, TX | $5M | $313K$313K | 5.7% |
Decatur, TXNew | $5M | $200K$200K | — |
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Paradise, TX | $1.8M | $225K$225K | 10%gy |
Paradise, TXNewStabilized | $2M | $400K$400K | — |
Springtown, TXOwner financingHigh yieldStabilized | $500K | $83K$83K | 13.2%gy |





