MULTIFAMILYRADAR
8-Unit Multifamily in Arlington, TX, photo 11 / 30
▼ 11% cutHigh yieldValue-add
$1,325,000

8-Unit Multifamily in Arlington, TX

TX · listed Sep 10, 2026 (48 days)

▼ Reduced 11.4% on Oct 23, 2026, was $1,495,000

Price per unit compared
This property$166K
Within ~40 mi (143)$142K
Texas median (1,029)$100K
$/unit
$165,625
▲ 66% vs TX · 80th pct
Cap rate
—
 
NOI
$168K
$20,985/unit/yr
Units
8
1 bldg · 1972

Financials

Asking price
$1,325,000
Price per unit
$165,625
Price per sq ft
$221
Gross rent / year
$227,919
Net operating income
$167,880
NOI per unit
$20,985
Cap rate
Not stated
Gross yield
17.2%gross rent ÷ price
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
8
Unit mix
eight 1-bedroom, 1-bath units
Buildings
1
Year built
1972
Building size
6,000 sq ft
Avg unit size
750 sq ft
Lot size
Not stated
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
Sep 10, 2026
Days on market
48 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Oct 23, 2026: $1.5M → $1.32M
Location
Approximate (~0.5 mi)
Listing #
1145

About this property

Incredible location! Just 0.6 miles from AT&T Stadium and literally across the street from a paid Cowboys parking lot, this rare opportunity offers a fully furnished, turnkey 8-unit short-term rental property in Arlington's highly sought-after Entertainment District. This well-maintained investment combines a proven operating history with opportunities for future growth and optimization. The property places guests within walking distance of AT&T Stadium, Globe Life Field, Choctaw Stadium, Texas Live!, and the National Medal of Honor Museum, with Six Flags Over Texas, dining, shopping, and entertainment just minutes away. The area's year-round sporting events, concerts, conventions, and attractions help drive consistent visitor demand. Significant recent improvements include brand-new siding and replacement windows, reducing future maintenance while enhancing curb appeal. The property features eight 1-bedroom, 1-bath units with mirrored floor plans and a variety of quality finish selections, including different granite countertops, tile, and bedding configurations. Several units have already been upgraded with in-unit laundry, with an additional unit already plumbed for installation. Completing laundry in the remaining units offers an opportunity to further enhance the guest experience and increase rental potential. The property offers 26 on-site parking spaces, with room for potential expansion, providing further opportunity for income subject to applicable city permitting and regulations. Whether you're looking to expand your investment portfolio or acquire a unique income-producing asset in one of North Texas' premier entertainment destinations, this exceptional property offers a rare combination of location, current legal short-term rental eligibility, recent capital improvements, proven guest appeal, and future upside potential.

Location

Approximate area. The exact address is shared on request.

Similar buildings nearby

PropertyPrice$/unitCap
8-Unit Multifamily in Arlington, TXArlington, TX
Stabilized
$2.8M$350K8.8%gy
10-Unit Multifamily in Arlington, TXArlington, TX
New construction
$4.5M$450K5%
8-Unit Multifamily in Grand Prairie, TXGrand Prairie, TX
▼ 4% cutHigh yieldValue-add
$1.47M$183K8.3%
13-Unit Multifamily in Arlington, TXArlington, TX
Stabilized
$3M$231K—
10-Unit Multifamily in Arlington, TXArlington, TX$1.5M$150K—
15-Unit Multifamily in Euless, TXEuless, TX$2.58M$172K—