▼ 4% cutHigh yieldNew construction
$599,000
5-Unit Multifamily in Carrizo Springs, TX
Dimmit County, TX · listed Mar 18, 2026 (223 days)
▼ Reduced 4.2% on Oct 28, 2026, was $625,000
Price per unit compared
This property$120K
Within ~40 mi (11)$107K
Texas median (1,035)$100K
- $/unit
- $119,800
- ▲ 20% vs TX · 61st pct
- Cap rate
- 8.9%
- ▲ 1.6 pts vs TX median
- NOI
- $53K
- $10,637/unit/yr
- Units
- 5
Financials
- Asking price
- $599,000
- Price per unit
- $119,800
- Price per sq ft
- $111
- Gross rent / year
- Not stated
- Net operating income
- $53,187
- NOI per unit
- $10,637
- Cap rate
- 8.9%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 5
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- 5,390 sq ft
- Avg unit size
- 1,078 sq ft
- Lot size
- Not stated
- Condition
- New construction
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Mar 18, 2026
- Days on market
- 223 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Oct 28, 2026: $625K → $599K
- Location
- Approximate (~0.5 mi)
- Listing #
- 2216
About this property
Brand New 2024 Construction with Immediate Cash Flow & Upside
Highlights
- New Construction (2024): Minimal maintenance and modern design
- Value-Add Opportunity: Lease-up potential with 1 vacant unit
- Strong In-Place Income: $53K NOI with upside
- Projected 10%+ Cap Rate at Stabilization
- Townhome-Style Units: Attractive to tenants, higher retention potential
- Growing Rental Market: Carrizo Springs, TX
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Carrizo Springs, TX▼ 6% cutHigh yieldStabilized | $699K | $117K$117K | 9% |
 Carrizo Springs, TXNew | $900K | $24K$24K | — |
 Eagle Pass, TXStabilized | $615K | $103K$103K | — |
 Eagle Pass, TXNew construction | $1.1M | $157K$157K | — |
 Eagle Pass, TXStabilized | $616K | $123K$123K | 9.9%gy |
 Eagle Pass, TX | $575K | $96K$96K | 7.8%gy |