▼ 10% cutHigh yieldStabilized
$600,000
8-Unit Multifamily in Burnet, TX
Burnet County, TX · listed Jul 9, 2026 (111 days)
▼ Reduced 10.4% on Oct 12, 2026, was $670,000
Price per unit compared
This property$75K
Within ~40 mi (71)$105K
Texas median (1,196)$92K
- $/unit
- $75,000
- ▼ 19% vs TX · 36th pct
- Cap rate
- 8%
- ▲ 0.6 pts vs TX median
- NOI
- $48K
- $6,012/unit/yr
- Units
- 8
- 2 bldg · 1977
Financials
- Asking price
- $600,000
- Price per unit
- $75,000
- Price per sq ft
- $101
- Gross rent / year
- Not stated
- Net operating income
- $48,093
- NOI per unit
- $6,012
- Cap rate
- 8%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- four two-bedroom and four one-bedroom residences
- Buildings
- 2
- Year built
- 1977
- Building size
- 5,944 sq ft
- Avg unit size
- 743 sq ft
- Lot size
- 0.34 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 9, 2026
- Days on market
- 111 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Oct 12, 2026: $670K → $600K
- Location
- Approximate (~0.5 mi)
- Listing #
- 1403
About this property
208-210 N Vanderveer is an eight-unit multifamily community comprising four two-bedroom and four one-bedroom residences. Five units are occupied under leases extending into 2027, with three units in active lease-up. Owner-paid water and sewer service is partially recovered through tenant utility chargebacks; electricity is tenant-paid.
8 Units Priced at 7.2% Cap
Highlights
- Priced at an 7.2 % stabilized cap. Three vacant units in active lease-up offer immediate, quantifiable income upside.
- Diversified unit mix. Four 2BR/1BA and four 1BR/1BA units spread demand across two rent tiers.
- Leases running into 2027. Occupied units are secured on terms through 2027, anchoring in-place income.
- Turnkey, third-party managed. ManagePro LLC is in place — a passive option for an out-of-area investor.
- Growing Hill Country market. Burnet, the county seat ~54 mi NW of Austin, is up ~12% in population since 2020.
Location
Approximate area. The exact address is shared on request.
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