
25-Unit Multifamily in Mt Pleasant, TX
TX · listed May 5, 2025 (541 days)
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Mt Pleasant, TXHigh yield | $875K | $46K$46K | 13%gy |
High yieldStabilized | $2M | $250K$250K | 8.4% |
▼ 7% cutHigh yield | $700K | $58K$58K | 11% |
High yieldValue-add | $2M | $63K$63K | 8.3% |
Winnsboro, TXStabilized | $550K | $69K$69K | 10.6%gy |
Clarksville, TX | $450K | $45K$45K | 10%gy |


