1 / 17High yield
$1,800,000
18-Unit Multifamily in Belton, TX
Bell County, TX · listed Aug 31, 2026 (58 days)
Price per unit compared
This property$100K
Within ~40 mi (60)$73K
Texas median (1,029)$100K
- $/unit
- $100,000
- ▼ 0% vs TX · 49th pct
- Cap rate
- —
- Gross yield
- 13.2%
- Units
- 18
- 3 bldg · 2018
Financials
- Asking price
- $1,800,000
- Price per unit
- $100,000
- Price per sq ft
- $86
- Gross rent / year
- $237,600avg rent × units
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- 13.2%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 18
- Unit mix
- two-bedroom/one-bath and three-bedroom/one-bath
- Buildings
- 3
- Year built
- 2018
- Building size
- 21,030 sq ft
- Avg unit size
- 1,168 sq ft
- Lot size
- 1.1 acres
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 31, 2026
- Days on market
- 58 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1530
About this property
2018-Built, 18-Unit Multifamily Steps from a 3,900-Student University in Booming Central Texas
Highlights
- Location Adjacent to the University of Mary Hardin-Baylor — The property sits minutes from the University of Mary Hardin-Baylor, a private university anchoring Belton’s local economy and generating consistent rental demand from students, faculty, staff, and university-adjacent professionals. Proximity to the university supports both leasing velocity and rent stability, and the broader Belton demand base — driven by Fort Cavazos, Baylor Scott & White Health, and continued I-35 corridor migration — provides multiple tenant pools beyond the university itself.
- Newer Construction with Long-Term Capital Efficiency — Built in 2018, the property offers a rare opportunity to acquire newer vintage multifamily in the Central Texas corridor at a below-primary-metro cost basis. The 2018 build year meaningfully reduces near-term capital exposure on roof, mechanical, plumbing, and building envelope items that typically drive deferred maintenance risk in older Belton and Bell County inventory, allowing an incoming owner to focus capital on revenue-generating improvements rather than baseline preservation.
- Efficient Unit Mix of All 2-Bedroom and 3-Bedroom Layouts — The 18-unit property consists entirely of two-bedroom/one-bath and three-bedroom/one-bath floor plans, a family- and roommate-oriented mix that supports higher gross rent per unit and aligns with Belton’s deepest demand segments — small households, military families, and student roommate groups drawn to the university and Fort Cavazos. Current in-place rents averaging over $1,100 reflect the pricing power of the larger-format mix.
Location
Approximate area. The exact address is shared on request.
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