MULTIFAMILYRADAR
25-Unit Multifamily in Mt Pleasant, TX, photo 1
Stabilized
$2,600,000

25-Unit Multifamily in Mt Pleasant, TX

TX · listed May 5, 2025 (541 days)

Price per unit compared
This property$104K
Within ~40 mi (13)$65K
Texas median (1,196)$92K
$/unit
$104,000
▲ 13% vs TX · 57th pct
Cap rate
—
 
NOI
$244K
$9,770/unit/yr
Units
25
1 bldg · 1965

Financials

Asking price
$2,600,000
Price per unit
$104,000
Price per sq ft
$130
Gross rent / year
$270,300
Net operating income
$244,246
NOI per unit
$9,770
Cap rate
Not stated
Gross yield
10.4%gross rent ÷ price
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
25
Unit mix
23 one-bedroom, one-bath units and 2 two-bedroom, one-bath units
Buildings
1
Year built
1965
Building size
20,028 sq ft
Avg unit size
801 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
May 5, 2025
Days on market
541 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1237

About this property

Prime Income-Producing Multifamily Property in Downtown Mount Pleasant. Exceptional investment opportunity in the heart of Downtown Mount Pleasant! This fully leased, income-producing multifamily building features 25 well-maintained apartment units—23 one-bedroom, one-bath units and 2 two-bedroom, one-bath units. Each unit ranges from approximately 850 to 1,000 square feet and offers modern finishes, including stainless steel appliances, granite countertops in kitchens and bathrooms, and sleek tile flooring throughout. Some kitchens are equipped with granite islands, adding extra prep and dining space. The property includes convenient on-site parking, a community laundromat for tenants, landscaped grounds, and a centralized community mailbox area. Located just minutes from the highway, this property offers easy accessibility while maintaining a walkable downtown location. A rare turnkey investment with stable occupancy—100% leased and generating consistent income

Location

Approximate area. The exact address is shared on request.

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