MULTIFAMILYRADAR
5-Unit Multifamily in Canyon, TX, photo 11 / 15
New construction
$893,300

5-Unit Multifamily in Canyon, TX

TX · listed Sep 22, 2026 (36 days)

Price per unit compared
This property$179K
Within ~40 mi (6)$78K
Texas median (1,029)$100K
$/unit
$178,660
▲ 79% vs TX · 81st pct
Cap rate
—
 
Gross yield
10.4%
 
Units
5
2026

Financials

Asking price
$893,300
Price per unit
$178,660
Price per sq ft
Not stated
Gross rent / year
$93,000avg rent × units
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
10.4%gross rent ÷ price
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
5
Unit mix
Not stated
Buildings
Not stated
Year built
2026
Building size
Not stated
Avg unit size
Not stated
Lot size
Not stated
Condition
New construction

Deal terms

Owner financing
Not stated

Listing

Listed
Sep 22, 2026
Days on market
36 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1266

About this property

Exceptional investment opportunity in Canyon, TX! This brand-new construction 5-plex offers immediate income potential with all five units already leased at $1,550 per month. Each unit features a well-designed 2 bedroom, 1 bathroom layout with a 1-car garage, offering modern finishes and functional living spaces. All kitchen appliances, including refrigerators, convey with each unit, making this a truly turnkey investment. Each unit also includes a private fenced yard, covered patio with a storage room, and low-maintenance rock landscaping in the backyard, adding value for tenants and minimizing upkeep for owners. Call our team for more info

Location

Approximate area. The exact address is shared on request.

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