MULTIFAMILYRADAR
8-Unit Multifamily in Paradise, TX, photo 1
$1,799,000

8-Unit Multifamily in Paradise, TX

TX · listed Sep 27, 2025 (396 days)

Price per unit compared
This property$225K
Within ~40 mi (64)$174K
Texas median (1,196)$92K
$/unit
$224,875
▲ 144% vs TX · 89th pct
Cap rate
—
 
NOI
$56K
$6,957/unit/yr
Units
8
5 bldg · 2020

Financials

Asking price
$1,799,000
Price per unit
$224,875
Price per sq ft
$180
Gross rent / year
$179,940
Net operating income
$55,658
NOI per unit
$6,957
Cap rate
Not stated
Gross yield
10%gross rent ÷ price
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
8
Unit mix
(1) 2-2-2CP Duplex, (2)3-2+2 Townhomes with elegant finishes & privacy fenced backyards and 2 car garages. One of these townhome units also features extra half baths in each unit., a 1-1 SFR and then a 3-2 SFR currently under full renovation
Buildings
5
Year built
2020
Building size
9,999 sq ft
Avg unit size
1,250 sq ft
Lot size
Not stated
Condition
Not stated

Deal terms

Owner financing
Not stated

Listing

Listed
Sep 27, 2025
Days on market
396 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1609

About this property

ENTIRE RENTAL PROPERTY PORTFOLIO OF MOSTLY NEW & UPDATED PROPERTIES WITH NEAR FULL OCCUPANCY OFFERED FOR SALE on Ash Street in Paradise, Texas. 5 separate structures consisting of: (1) 2-2-2CP Duplex, (2)3-2+2 Townhomes with elegant finishes & privacy fenced backyards and 2 car garages. One of these townhome units also features extra half baths in each unit., a 1-1 SFR and then a 3-2 SFR currently under full renovation. This home has been taken down to the studs with much new (see Transaction Desk for list) and is currently ready for drywall! Paradise is one of Wise County's fastest growing towns and has widely sought after A-Rated schools. This portfolio has a fabulous cash flow and an alluring cap rate. Built and owned by a custom home builder, there are many tasteful details throughout - Granite countertops, hardwood and tile finishes, large walk-in closets, elegant lighting, fixtures and more. You must truly see to appreciate this great package. This portfolio MUST be sold together. Contact list agent for more details. Option exists for additional SFR and 1.959ac plus or minus directly across the street at (address on request) (MLS#21072318). Plans already exist for multiple quadplexes in this location or a new owner can build to suit. Seller is a builder and developer and willing to bid or build anything a new owner's heart desires. It's hard to get a good return on your investment in today's economy. If you've wanted to get into rental real estate, this is a wonderful opportunity with LOADS of potential for growth in all the right directions! Full financials and all info can be fully furnished upon request. Drive link with many additional photos of all units available upon request.

Location

Approximate area. The exact address is shared on request.

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