MULTIFAMILYRADAR
6-Unit Multifamily in Purdon, TX, photo 1
High yieldStabilized
$500,000

6-Unit Multifamily in Purdon, TX

TX · listed Oct 5, 2026 (23 days)

Price per unit compared
This property$83K
Within ~40 mi (22)$144K
Texas median (1,196)$92K
$/unit
$83,333
▼ 10% vs TX · 42nd pct
Cap rate
—
 
NOI
$50K
$8,303/unit/yr
Units
6
1 bldg · 1967

Financials

Asking price
$500,000
Price per unit
$83,333
Price per sq ft
$278
Gross rent / year
$64,200
Net operating income
$49,820
NOI per unit
$8,303
Cap rate
Not stated
Gross yield
12.8%gross rent ÷ price
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
6
Unit mix
five 1-bedroom 1-bath units plus one efficiency unit
Buildings
1
Year built
1967
Building size
1,800 sq ft
Avg unit size
300 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Oct 5, 2026
Days on market
23 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1184

About this property

Income-producing 6-unit investment property on approximately 0.829 acres in Purdon. Property consists of five 1-bedroom 1-bath units plus one efficiency unit, with each unit renovated within the last three years. Five units feature mini-split HVAC systems, while the efficiency includes a window unit and is being offered fully furnished. Tenants are separately metered for electricity, helping keep owner-paid expenses low. Septic system has been routinely serviced and cleaned. Current gross income is approximately $64,200 annually with reported NOI of approximately $49,820. Property offers additional upside through the potential addition of an on-site laundry facility and future RV pad development; seller reports soft approval for additional RV pads, buyer to independently verify all development potential and approvals. Strong opportunity for an investor seeking existing cash flow with room for further income growth. Information contained herein is deemed reliable but not guaranteed. Buyer and Buyer’s Agent are responsible for independently verifying all information, including but not limited to measurements, square footage, schools, zoning, utilities, taxes, financials, leases, income and expenses, property condition, permitted uses, and any future development or expansion potential. Buyer to conduct all desired due diligence prior to closing.

Location

Approximate area. The exact address is shared on request.

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