$850,000

TBD E Reno Rd Reno, TX 76020

Estimated payment $5,304/month

Total Views 898
10 Beds
11 Baths
4,078 Sq Ft
$208 Price per Sq Ft

Highlights

  • Very Popular Property
  • Open Floorplan
  • Lawn
  • 1.06 Acre Lot
  • Granite Countertops
  • Eat-In Kitchen

About This Home

Rare opportunity to own a fully renovated, bulletproof multi-unit investment property on one acre in Reno, TX, just minutes from all the shopping, dining, and conveniences of Azle. This unique setup includes four income-producing units across three separate homes—two single-family residences plus one duplex—all renovated over the last two years with stud-to-stud upgrades well beyond market standards. Every major component has been replaced, including roofs, septic systems, HVAC, insulation, flooring, kitchens, baths, paint, and more. Zero deferred maintenance and no upcoming cap-ex make this a true turnkey asset. Each unit features its own private fenced backyard, dedicated driveway parking, and two covered carport spaces. Individual water and electric meters are installed for all units, and each dwelling includes its own exterior storage building. Designed for longevity and low maintenance, this property offers excellent stability with three units leased and one single-family home intentionally left vacant for potential owner-occupancy or new leasing—previously rented for $1,850 per month. 8.2% Projected Cap Rate thanks to the zero deferred maintenance upkeep! Located within Springtown ISD, the property offers a quiet, small-town feel with quick access to nearby urban conveniences. An adjoining parcel may also be available for purchase and includes utilities, three-phase electric service, and an approx. 6,400 sq ft shop with separate work and office areas—including restrooms—offering additional income potential or space for a business operation. Situated on a corner lot, the expansion option provides outstanding accessibility for contractors, business owners, or investors looking to grow their residential or commercial portfolio. This is a truly rare chance to acquire a turnkey, fully modernized, low-risk investment property with multiple paths for income, expansion, and owner-occupancy flexibility.

Listing Agent

Mark Costello

The Costello Group, LLC Brokerage Phone: (817) 662-2716 License #0666230 Listed on: 11/16/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 1.06 Acre Lot
  • Lot Dimensions are 280x230
  • Dog Run
  • Cross Fenced
  • Partially Fenced Property
  • Aluminum or Metal Fence
  • Interior Lot
  • Level Lot
  • Cleared Lot
  • Few Trees
  • Lawn
  • Back Yard

Home Design

  • Slab Foundation
  • Composition Roof
  • Metal Roof
  • Board and Batten Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Decorative Lighting
  • Window Treatments

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 10 Bedrooms

Parking

  • Carport
  • Gravel Driveway

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters

Schools

  • Reno Elementary School
  • Springtown High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Overhead Utilities
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number R000129714

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • 4,078 Sq Ft Building
  • R & R Little Estates Subdivision

Building Details

  • Gross Income $85,740
  • Net Operating Income $70,777

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • OWNERNAME: Of Record
  • Property Type: Residential Income
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Attribution Contact: (817) 662-2716
  • CapRate: 8.33
  • Co List Office Mls Id: CSTL01WF
  • HumanModifiedYN: Yes
  • UniversalParcelId: urn:reso:upi:2.0:US:48439:R000129714
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Built: 1983

Interior Features

  • Windows: Window Coverings
  • Interior Amenities: Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, High Speed Internet, Open Floorplan
  • Flooring: Carpet, Luxury Vinyl Plank
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 8
  • Half Bathrooms: 3
  • Total Bedrooms: 10

Exterior Features

  • Foundation: Slab
  • Fencing: Back Yard, Cross Fenced, Fenced, Metal, Partial
  • Roof: Composition, Metal
  • Construction Materials: Board & Batten Siding
  • Exterior Features: Dog Run, Lighting, Rain Gutters, Storage
  • Pool Features: None
  • Waterfront: No
  • RoadFrontageType: All Weather Road

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric
  • Total Covered Spaces: 8.0
  • Parking Features: Covered, Carport, Driveway, Gravel
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Sewer: Septic Tank
  • Heating: Central, Electric
  • Utilities: Electricity Available, Overhead Utilities, Septic Available, Separate Meters, Underground Utilities, Water Available
  • Heating Yn: Yes

Schools

  • Elementary School: Reno
  • High School: Springtown
  • Junior High Dist: Springtown ISD

Lot Info

  • Lot Features: Back Yard, Cleared, Interior Lot, Lawn, Level, Few Trees
  • Lot Size Units: Acres
  • Lot Size Area: 1.061
  • Lot Size: 280x230
  • Parcel Number: R000129714
  • Lot Size Acres: 1.061
  • Lot Size Sq Ft: 46217.16

Building Info

  • Year Built: 1983
  • Units Total: 4

Multi Family

  • Insurance Expense: 5800.0
  • Annual Gross Income: 85740.0
  • Property Net Operating Income: 70777.0

Tax Info

  • Tax Lot: 1

MLS Schools

  • MiddleOrJuniorSchool: Springtown

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/16/2025 11/16/25 For Sale $850,000 +8399.2% $208 / Sq Ft
12/20/2024 12/20/24 Sold -- -- -- View Prior Sale
11/25/2024 11/25/24 Pending -- -- --
11/21/2024 11/21/24 For Sale $10,001 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21113573

North Texas Real Estate Information Systems (NTREIS)