Stabilized
$1,350,000
6-Unit Multifamily in Azle, TX
TX · listed Jun 20, 2025 (495 days)
Price per unit compared
This property$225K
Within ~40 mi (77)$174K
Texas median (1,196)$92K
- $/unit
- $225,000
- ▲ 144% vs TX · 89th pct
- Cap rate
- —
- Gross yield
- 5.8%
- Units
- 6
- 6 bldg · 2005
Financials
- Asking price
- $1,350,000
- Price per unit
- $225,000
- Price per sq ft
- $173
- Gross rent / year
- $78,900
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- 5.8%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 6
- Unit mix
- 6 identical 2 bedroom, 1 bath houses
- Buildings
- 6
- Year built
- 2005
- Building size
- 7,816 sq ft
- Avg unit size
- 1,303 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 20, 2025
- Days on market
- 495 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1870
About this property
UNIQUE INCOME PRODUCING PROPERTY on 2+ acres in west Azle. 6 identical 2 bedroom, 1 bath houses, built in 2005 on slab foundations, all occupied with long term tenants. Mobile home has no value but could be removed and will make a wonderful build site with existing septic. Property has active well and 2 septic systems. DO NOT DISTURB TENANTS IN ANY WAY! SHOWING BY APPOINTMENT ONLY AFTER ACCEPTABLE OFFER HAS BEEN SIGNED.
Multi-family
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Azle, TXStabilized | $2.99M | $249K$249K | 10.6%gy |
 White Settlement, TXHigh yieldStabilized | $799K | $133K$133K | 13.3%gy |
 Fort Worth, TXHigh yieldStabilized | $1.12M | $140K$140K | 8.4% |
 Fort Worth, TX | $750K | $125K$125K | — |
 Springtown, TXOwner financingHigh yieldStabilized | $500K | $83K$83K | 13.2%gy |
 Fort Worth, TXNew construction | $2.5M | $313K$313K | 7.4%gy |