
8-Unit Multifamily in Paradise, TX
TX · listed Sep 27, 2025 (396 days)
- $/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.
Similar buildings nearby
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|---|---|---|---|
Paradise, TXNewStabilized | $2M | $400K$400K | — |
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Springtown, TXOwner financingHigh yieldStabilized | $500K | $83K$83K | 13.2%gy |
Decatur, TXNew | $5M | $200K$200K | — |





