
6-Unit Multifamily in Purdon, TX
TX · listed Oct 5, 2026 (23 days)
- $/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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|---|---|---|---|
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