NewStabilized
$900,000
8-Unit Multifamily in Irving, TX
TX · listed Oct 16, 2026 (12 days)
Price per unit compared
This property$113K
Within ~40 mi (147)$133K
Texas median (1,196)$92K
- $/unit
- $112,500
- ▲ 22% vs TX · 63rd pct
- Cap rate
- 6%
- ▼ 1.4 pts vs TX median
- NOI
- $57K
- $7,121/unit/yr
- Units
- 8
- 1954
Financials
- Asking price
- $900,000
- Price per unit
- $112,500
- Price per sq ft
- $82
- Gross rent / year
- Not stated
- Net operating income
- $56,971
- NOI per unit
- $7,121
- Cap rate
- 6%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- all 1 bed / 1 bath units
- Buildings
- Not stated
- Year built
- 1954
- Building size
- 10,968 sq ft
- Avg unit size
- 1,371 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 16, 2026
- Days on market
- 12 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1847
About this property
Highlights
- 8-unit renovated multifamily asset in Irving’s Heritage District
- Offered at $950,000, or $118,750 per unit
- Base pro forma NOI of $56,971, representing a 6.00% pro forma cap rate
- 100% occupied with all 1 bed / 1 bath units
- Major CapEx completed: roof, electrical, mini-split AC, water heaters, interiors, kitchens, bathrooms, washer/dryers in 4 units, and gravel driveway
- Upside through furnished mid-term rentals, compliant short-term rental strategy, and washer/dryer premiums
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Irving, TXNewValue-add | $1.08M | $90K$90K | — |
| Irving, TX NewValue-add | $1.05M | $131K$131K | — |
| Irving, TX NewValue-add | $1.05M | $131K$131K | — |
| Irving, TX NewValue-add | $1.05M | $131K$131K | — |
 Dallas, TXStabilized | $825K | $103K$103K | — |
 Dallas, TXNew construction | $2.1M | $420K$420K | — |