Owner financingHigh yieldStabilized
$500,000
6-Unit Multifamily in Springtown, TX
TX · listed Oct 6, 2025 (387 days)
Price per unit compared
This property$83K
Within ~40 mi (66)$180K
Texas median (1,196)$92K
- $/unit
- $83,333
- ▼ 10% vs TX · 42nd pct
- Cap rate
- —
- NOI
- $54K
- $8,974/unit/yr
- Units
- 6
- 6 bldg · 1972
Financials
- Asking price
- $500,000
- Price per unit
- $83,333
- Price per sq ft
- $134
- Gross rent / year
- $66,000
- Net operating income
- $53,844
- NOI per unit
- $8,974
- Cap rate
- Not stated
- Gross yield
- 13.2%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 6
- Unit mix
- three one bedroom one bath homes, a duplex with each side offering one bedroom and one bath, and a spacious newly remodeled three bedroom one bath home
- Buildings
- 6
- Year built
- 1972
- Building size
- 3,728 sq ft
- Avg unit size
- 621 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Available
Listing
- Listed
- Oct 6, 2025
- Days on market
- 387 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1716
About this property
Welcome to this phenomenal piece of real estate. 1 acre of land featuring six rental income properties in a prime location right off Highway 199. This property boasts a total of six units: three one bedroom one bath homes, a duplex with each side offering one bedroom and one bath, and a spacious newly remodeled three bedroom one bath home. All properties are currently rented. Whether you're a seasoned investor or a first time buyer looking for passive income, this property has it all. Seller willing to owner carry with 25% down.
Multi-family
Location
Approximate area. The exact address is shared on request.
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