1 / 228-Unit Multifamily in Weatherford, TX
Parker County, TX · listed Aug 5, 2025 (449 days)
▼ Reduced 8.1% on Aug 17, 2026, was $1,300,000
- $/unit
- $42,679
- ▼ 57% vs TX · 3rd pct
- Cap rate
- —
- NOI
- $147K
- $5,250/unit/yr
- Units
- 28
- 2 bldg · 1999
Financials
- Asking price
- $1,195,000
- Price per unit
- $42,679
- Price per sq ft
- $543
- Gross rent / year
- $226,908
- Net operating income
- $146,990
- NOI per unit
- $5,250
- Cap rate
- Not stated
- Gross yield
- 19%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 28
- Unit mix
- Not stated
- Buildings
- 2
- Year built
- 1999
- Building size
- 2,200 sq ft
- Avg unit size
- 79 sq ft
- Lot size
- 9.24 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 5, 2025
- Days on market
- 449 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Aug 17, 2026: $1.3M → $1.2M
- Location
- Approximate (~0.5 mi)
- Listing #
- 1035
About this property
100% Bonus Depreciation Opportunity – Acquire now to take advantage of immediate write-offs under current tax law, significantly enhancing first-year returns. This park is 100% full and will be for the next couple of years due to the pipeline being built. Turnkey RV Park with Scenic Views, Multiple Rental Units & Expansion Potential – Next to Mineral Wells State Park Rare opportunity to acquire a RV park in a prime location. This income-producing property features 26 full hook-up RV sites, each with 30 & 50 amp service and individually metered electric, allowing for streamlined utility management and tenant responsibility. Perched on a hilltop, the park offers beautiful panoramic views and direct proximity to Mineral Wells State Park, attracting outdoor enthusiasts, weekend travelers, and long-term guests alike. Key Features: 26 full hook-up RV spaces (individually metered for electric). 2 bed, 2.5 bath brick home currently leased as a long-term rental. 1,300 SF barndominium apartment generating additional rental income. 1,300 SF of enclosed storage space that could be made into another apartment. Three fully functional tiny homes, ideal for short or long-term rentals. One additional tiny home ready for renovation and increased revenue. City water provided through a rural water supply company. Septic system in place. Amenities include a laundry shower room, dog run, community fire pit, grills, and picnic tables. Sitting on over 9 acres, the property includes 4 acres of undeveloped land, perfect for expanding RV sites, adding cabins, glamping units, or other recreational amenities. There are lots of areas for value add. Whether you're looking to grow your hospitality portfolio or operate a profitable lifestyle business in a sought-after Texas location, this property offers strong cash flow and significant upside potential.
Highlights
26 RV sites
1 Brick home
1 barndo home
1300sf storage for added value
Office
Individually metered
Great location
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Mineral Wells, TX | $1.1M | $138K$138K | 10.4%gy |
Mineral Wells, TXNewHigh yield | $860K | $172K$172K | 17.7%gy |
Weatherford, TXStabilized | $2.45M | $175K$175K | 7.2%gy |
Weatherford, TXStabilized | $2.25M | $281K$281K | 6.7%gy |
Weatherford, TXStabilized | $4.5M | $450K$450K | 2.6%gy |
Weatherford, TXStabilized | $2M | $250K$250K | 7.3%gy |




