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Mari House

mari@purerealty.com +1(512) 791-6274

$495,000

Est. payment - /mo

4,840 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Hold

Purchase Type For Sale

Square Footage 4,840 sqft

Price per Sqft $102

Subdivision Alexanders Add

MLS Listing ID 6015340

HOA Y/N No

Year Built 2005

Annual Tax Amount $9,185

Tax Year 2025

Lot Size 7,418 Sqft

Acres 0.1703

Property Sub-Type Quadruplex

Source actris

Property Description

This well-maintained 4-unit multifamily property is located in the growing Belton–Temple corridor of Central Texas, a market supported by stable demand and limited small multifamily supply. The property is 100% occupied and has been consistently managed, offering immediate in-place income with the potential for future upside. The asset features oversized floorplans of approximately 1,200 square feet per unit, a highly desirable attribute within the submarket that supports long-term tenant retention. The unit mix includes two 3-bedroom / 2-bath units and two 2-bedroom / 1-bath units. Tenants are responsible for all utilities, helping reduce operating expenses. Ownership reports the property to be in good condition with no known deferred maintenance. The property is offered at $495,000. A comparable multifamily property in the immediate area sold approximately two months ago at approximately $142,000 per unit and $123 per square foot. By comparison, the subject property is currently offered at approximately $124,000 per unit and $102 per square foot, allowing an investor to acquire a stabilized asset at a basis below recent market transactions while maintaining flexibility for future value creation. According to third-party rental platforms, including Zillow, market rent estimates for comparable unit types in the area indicate rental levels above current in-place rents. While actual rents may vary, this data suggests the potential for incremental rent growth over time, subject to unit condition, market demand, and existing lease terms. Buyers are encouraged to conduct their own rent and expense due diligence. The property is situated in a stable residential neighborhood near major employment centers, retail amenities, and a highly rated school district. Surrounding multifamily assets demonstrate strong occupancy, and new multifamily development in the immediate area remains limited.

Location

State TX

County Bell

Area Bt

Interior

Interior Features No Interior Steps

Heating Central

Cooling Central Air

Flooring Laminate

Fireplace Y

Appliance Built-In Electric Oven, Built-In Refrigerator

Exterior

Exterior Feature None

Fence None

Community Features None

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Waterfront Description None

View None

Roof Type Composition

Accessibility See Remarks

Porch None

Building

Lot Description None

Faces South

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type See Remarks

New Construction No

Schools

Elementary Schools Southwest

Middle Schools South Belton

High Schools Belton

School District Belton Isd

Others

Pets Allowed Cats OK, Dogs OK

Restrictions See Remarks

Acceptable Financing Cash, Conventional

Tax Rate 2.0311

Listing Terms Cash, Conventional

Special Listing Condition Standard

Pets Allowed Cats OK, Dogs OK

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Listed by Eaton Real Estate Company,LLC • Stephen Eaton

NEARBY SCHOOL & BUSINESS

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Mari House

+1(512) 791-6274

REALTOR ® | License ID: 0548660

REALTOR ® License ID: 0548660

415 E 4th Ave Belton, TX 76513

Mari House

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION