1 / 220-Unit Multifamily in Emory, TX
TX · listed Apr 6, 2026 (204 days)
▼ Reduced 10.3% on Sep 7, 2026, was $1,950,000
- $/unit
- $87,500
- ▼ 5% vs TX · 46th pct
- Cap rate
- 6.8%
- ▼ 0.6 pts vs TX median
- NOI
- $119K
- $5,950/unit/yr
- Units
- 20
- 2 bldg · 2005
Financials
- Asking price
- $1,750,000
- Price per unit
- $87,500
- Price per sq ft
- $158
- Gross rent / year
- Not stated
- Net operating income
- $119,009
- NOI per unit
- $5,950
- Cap rate
- 6.8%
- Gross yield
- Not stated
- Occupancy
- 95%
As stated by the seller. Verify during due diligence.
Building
- Units
- 20
- Unit mix
- Not stated
- Buildings
- 2
- Year built
- 2005
- Building size
- 11,111 sq ft
- Avg unit size
- 556 sq ft
- Lot size
- 1.85 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Apr 6, 2026
- Days on market
- 204 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Sep 7, 2026: $1.95M → $1.75M
- Location
- Approximate (~0.5 mi)
- Listing #
- 1171
About this property
Totally renovated in 2025, including new hardwood flooring, appliances, and washers and dryers. 95% occupied, many long-term tenants.
Emory, TX is centrally located between Dallas and Tyler, between 2 major interstates, Interstates 20 and 30. Easily accessible to East Texas, Oklahoma, Arkansas and Louisiana. Emory has two premier lakes: Lake Fork, known for bass fishing and Lake Tawakoni, the catfish capital of Texas.
(address on request), Emory, TX 75440
Highlights
Price has been reduced to $1,750,000 with a cap rate of 6.8 %. Please call to receive a Confidentiality Agreement, return signed, and then you will receive the income and expense statement for the last 3 years and 2026 numbers for the first two quarters.
Seller is open to receiving offers.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 West Tawakoni, TXNewStabilized | $4.25M | $137K$137K | — |
 Wills Point, TXNew | $585K | $16K$16K | — |
 Greenville, TXOwner financingStabilized | $2.78M | $164K$164K | 8.7%gy |
 Lindale, TXHigh yieldStabilized | $1M | $83K$83K | 10.9% |
 Commerce, TX▼ 13% cutStabilized | $4.1M | $158K$158K | 5% |
 Greenville, TXStabilized | $1.95M | $217K$217K | — |