MULTIFAMILYRADAR
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NewHigh yieldStabilized
$499,990

7-Unit Multifamily in Granbury, TX

TX · listed Oct 29, 2026 (1 day)

Price per unit compared
This property$71K
Within ~40 mi (49)$180K
Texas median (1,031)$100K
$/unit
$71,427
▼ 29% vs TX · 26th pct
Cap rate
—
 
NOI
$60K
$8,571/unit/yr
Units
7
1 bldg · 1943

Financials

Asking price
$499,990
Price per unit
$71,427
Price per sq ft
$160
Gross rent / year
$60,000
Net operating income
$60,000
NOI per unit
$8,571
Cap rate
Not stated
Gross yield
12%gross rent ÷ price
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
7
Unit mix
Not stated
Buildings
1
Year built
1943
Building size
3,126 sq ft
Avg unit size
447 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Oct 29, 2026
Days on market
1 day
On MultifamilyRadar
Oct 30, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
2266

About this property

Located just five blocks from Granbury’s beloved Historic Square, this fully renovated triplex offers a rare investment opportunity in one of the area’s most charming and desirable locations. Thoughtfully updated from top to bottom since 2020, the property features a newer roof, updated windows, fresh paint, new flooring, remodeled bathrooms, improved attic insulation, and extensive upgrades to the electrical, plumbing, and gas systems. Each of the three units has been beautifully remodeled, fully furnished, and designed for comfort, flexibility, and convenience. Every unit includes separate utilities and washer and dryer connections, creating an ideal setup for tenants and streamlined ownership. The downstairs units feature central HVAC, while the upstairs unit is equipped with an efficient multi-split system. Each residence offers its own distinct character and private back or side yard space. ADDITIONAL INVESTMENT HIGHLIGHTS: The existing FHA loan is assumable for qualified buyers, subject to lender approval, potentially offering attractive financing advantages. The property also offers additional space with the potential to build a FOURTH UNIT, subject to city approval, zoning, and permitting requirements. Whether you're looking to expand your rental portfolio, generate income through midterm rentals, or secure a long-term investment near the heart of Granbury, this property offers exceptional flexibility and future growth potential. With its prime location, extensive renovations, assumable financing opportunity, and potential for expansion, this turnkey triplex is a standout investment in a market where multifamily properties are rarely available. Don't miss this unique Granbury opportunity!

Location

Approximate area. The exact address is shared on request.

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