MULTIFAMILYRADAR
5-Unit Multifamily in Greenville, TX, photo 11 / 30
Stabilized
$1,550,000

5-Unit Multifamily in Greenville, TX

TX · listed Feb 25, 2025 (610 days)

Price per unit compared
This property$310K
Within ~40 mi (81)$120K
Texas median (1,029)$100K
$/unit
$310,000
▲ 210% vs TX · 94th pct
Cap rate
—
 
NOI
$37K
$7,385/unit/yr
Units
5
5 bldg · 2021

Financials

Asking price
$1,550,000
Price per unit
$310,000
Price per sq ft
$147
Gross rent / year
$116,400
Net operating income
$36,924
NOI per unit
$7,385
Cap rate
Not stated
Gross yield
7.5%gross rent ÷ price
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
5
Unit mix
5 large bedrooms and 3 full bathrooms
Buildings
5
Year built
2021
Building size
10,540 sq ft
Avg unit size
2,108 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Feb 25, 2025
Days on market
610 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1931

About this property

What an AMAZING opportunity to own five beautiful townhomes, each offering incredible value and ample space for families! These townhomes are perfect for investors seeking a steady stream of rental income with long-term tenants already in place. Each unit offers 5 large bedrooms and 3 full bathrooms, providing plenty of room for families to comfortably settle in. The Kitchen has gorgeous granite countertops, abundant cabinet space, and appliances, including a refrigerator, dishwasher, and built in microwave. In addition to the stackable washer and dryer utility off each kitchen, there’s a second utility room upstairs with space for a full-size washer and dryer – perfect for busy families! The primary bedrooms feature spacious bathrooms with large showers and walk-in closets, offering tenants the ultimate retreat. These townhomes boast easy access to major highways, making commuting a breeze. Plus, they’re just minutes from schools, parks, restaurants, entertainment, businesses, and the hospital – including the nearby L-3 Harris. All five townhomes are currently leased, providing immediate income and a solid rental history. This is a rare chance to secure a well-maintained, income-producing property in a highly sought-after location. Don't miss out on this exceptional investment opportunity! Schedule a tour today!

Location

Approximate area. The exact address is shared on request.

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