1 / 218-Unit Multifamily in Hearne, TX
Robertson County, TX · listed Feb 26, 2026 (244 days)
▼ Reduced 10.3% on Aug 17, 2026, was $775,000
- $/unit
- $86,875
- ▼ 13% vs TX · 38th pct
- Cap rate
- 6.1%
- ▼ 1.2 pts vs TX median
- Gross yield
- 11.7%
- Units
- 8
- 2 bldg
Financials
- Asking price
- $695,000
- Price per unit
- $86,875
- Price per sq ft
- $100
- Gross rent / year
- $81,600avg rent × units
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 6.1%
- Gross yield
- 11.7%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- Not stated
- Buildings
- 2
- Year built
- Not stated
- Building size
- 6,952 sq ft
- Avg unit size
- 869 sq ft
- Lot size
- 0.41 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Feb 26, 2026
- Days on market
- 244 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Aug 17, 2026: $775K → $695K
- Location
- Approximate (~0.5 mi)
- Listing #
- 1286
About this property
Introducing a highly desirable 8-unit multi-family property offered at 6.1 CAP, expecting 7.5 CAP in 2026 with lower tax rate and increased rents. The property consists of two updated quadplexes centrally located in Hearne, Texas with easy access to everything in town and only 20 minutes from Bryan-College Station.
A great value-add property with units currently averaging $850 per month, with a 5-10% increase opportunity at renewal. Low vacancy rates and expense ratios drive more dollars to the bottom line providing stable cash flow for the investor.
The property boasts new roofs, and covered parking for all tenants, lawn care and outdoor lighting included.
2 Quadplexes with Direct Access to US Highway 79
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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