MULTIFAMILYRADAR
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28-Unit Multifamily in Weatherford, TX, photo 11 / 2
▼ 8% cutHigh yieldStabilized
$1,195,000

28-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

Price per unit compared
This property$43K
Within ~40 mi (28)$225K
Texas median (1,029)$100K
$/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.

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