7971 Peden Rd

Azle, TX 76020

$425,000
Price
6
Beds
1,242 Sq. Ft.
$342 / Sq. Ft.
1,242
Sq. Ft.
$342
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Front Exterior
Back Exterior
Second Residence - Front Exterior
Island Kitchen
Back Exterior

Description

Turnkey residential income opportunity offering immediate cash flow and an attractive 8.23% cap rate. Situated on 1.3+ acres, this unique property features two separately leased residences, making it an ideal addition to any investment portfolio or an excellent option for an owner-occupant seeking built-in rental income. The front residence has been extensively remodeled with quartz countertops, luxury vinyl plank flooring, updated cabinetry, and contemporary finishes throughout, and is currently...Turnkey residential income opportunity offering immediate cash flow and an attractive 8.23% cap rate. Situated on 1.3+ acres, this unique property features two separately leased residences, making it an ideal addition to any investment portfolio or an excellent option for an owner-occupant seeking built-in rental income. The front residence has been extensively remodeled with quartz countertops, luxury vinyl plank flooring, updated cabinetry, and contemporary finishes throughout, and is currently leased for $1,999 per month. The second residence is a 2022-built manufactured home offering 3 bedrooms, 2 bathrooms, and 1,216 square feet. It has its own address, private entrance, separate utilities, and has been permanently affixed and perfected to the real property deed, enhancing financing flexibility and long-term value. The back residence is currently leased for $1,600 per month. Producing $43,188 in gross annual income with annual operating expenses of just $8,195, the property generates a net operating income of $34,993, resulting in an impressive 8.23% cap rate at the current asking price. With both units occupied and producing immediate income, 7971 Peden Rd offers investors a stabilized, turnkey asset with strong cash flow and long-term upside.
  1. Listed by Daniel Harker • TREC #0435185 • Keller Williams Realty DPR • 469-717-6391
  2. Listed by Rocky Presley • TREC #0701497 • Keller Williams Realty DPR

Property Details for 7971 Peden Road

Subdivision Name
Lscs Peden Add
Pool
No
Garage Spaces
0
Number Of Parking Spaces
8
LISTING UPDATED: 07/15/2026 06:10 PM

Property Details for 7971 Peden Road

StatusActive
MLS #21324127
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Multiple Single Units
Year Built1978
Lot Size1.36 AC / 59,372 SF
CountyTarrant County
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Location

Listing Courtesy of Keller Williams Realty DPR, Daniel Harker; Keller Williams Realty DPR, Rocky Presley
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Building Information for 7971 Peden Road

Stories1Residences2Year Built1978Building Size-Lot Size1.36 AC / 59,372 SF

Payment Calculator

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$2,467 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,118

Property Taxes

$349

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 7971 Peden Road

Summary
Location and General Information
  • Complex Name: N/A
  • Directions: From TX-199 W, take the exit for FM 730/Boyd and merge onto the frontage road. Turn right onto Boyd Rd, then right onto Peden Rd. The destination will be on the right. Welcome!
  • Elementary School: Liberty
  • Elementary School Name: Liberty
  • High School: Azle
  • High School Name: Azle
  • Junior High School: Forte
  • Year Built Details: Preowned
  • School District: Azle ISD
  • Geocode Confidence: High
  • Latitude: 32.95
  • Longitude: -97.54
  • State: Texas
Parking
  • Parking Features: Asphalt, Driveway, Gravel
  • Carport Spaces: 2
  • Attached Garage: No
  • Parking Spaces Covered Total: 2
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: LSCS PEDEN ADDITION BLOCK LOT 1
  • Association Type: None
  • Tax Lot: 1
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplace Features: Wood Burning
  • Fireplaces Total: 1
  • Flooring: Carpet, Luxury Vinyl Plank
  • Heating: Central
  • Interior Features: Cable TV Available, Eat-in Kitchen, High Speed Internet Available, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Gas Oven, Plumbed For Gas in Kitchen, Refrigerator
  • Basement: No
  • Cooling: Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Brick
  • Fencing: Fenced, Pipe
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Composition
  • Waterfront: No
  • Number Of Units Total: 2
  • Patio And Porch Features: Covered, Patio
  • Levels: One
Property
Utilities
  • Utilities: All Weather Road, Co-op Water, Outside City Limits, Septic
Property and Assessments
  • Financing Proposed: 1031 Exchange, Cash, Conventional
  • Concessions YN: No
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size: 1 to < 3 Acres
  • Lot Size Acres: 1.363
  • Lot Size Area: 1.363
  • Lot Size Units: Acres
  • Lot Size Square Feet: 59372.28
  • Multi Parcel ID: Yes
  • Parcel Number: 42822457
  • Parcel Number 2: 42981229
Multi Family
Multi-Family Information
  • Number Of Buildings: 2
  • Capitalization Rate: 7.14%
  • Gross Annual Expenses: $8,195
  • Gross Annual Income: $38,551
  • Insurance Expense: $0
  • Total Annual Expenses Include: Maintenance, Professional Management
  • Net Operation Income: $30,356.00

Property History for 7971 Peden Road

DateEvent & SourcePriceAppreciation
Jul 10, 2026

Listed (Active)

NTREIS #21324127

$425,000—
Jul 8, 2026

Listed (Active)

NTREIS #21323891

$425,000—
Jun 25, 2024

Withdrawn

NTREIS #20615406

—
DateEvent & SourcePrice
07/10/2026

Listed (Active)

NTREIS #21324127

$425,000
07/08/2026

Listed (Active)

NTREIS #21323891

$425,000
06/25/2024

Withdrawn

NTREIS #20615406

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 7971 Peden Road

Taxable ValueLand$77,818Additions$176,433Total$254,251
Tax Record2025$4,193 ($349 / month)
Home Facts
Beds0Total Finished SqFt1,242 SqFtAbove Grade Finished SqFt1,242 SqFtLot Size29,965 SqFtStyleSingle Family ResidenceYear Built1978CountyTARRANTAPN24372G--1

Schools near 7971 Peden Road

This home is within Azle Independent School District.
Rating
School
Type
Grades
Distance
Liberty Elementary School
Public - PK to 4
W E Hoover Elementary School
Public - 5 to 6
Santo Forte J High School
Public - 7 to 8
Azle High School
Public - 9 to 12
Rating
School
Distance
Liberty Elementary School
PublicPK to 4

W E Hoover Elementary School
Public5 to 6

Santo Forte J High School
Public7 to 8

Azle High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 7971 Peden Road, Azle, TX 76020

7971 Peden Road is a multi-family home for sale in Azle, TX 76020. This property was listed for sale on July 10, 2026 by Keller Williams Realty DPR, it's currently listed at $425,000. It has been on the market for a total of 0 days and was last sold on January 7, 2022. This listing's school district is Azle Independent School District. Nearby schools include Liberty Elementary School, W E Hoover Elementary School and Santo Forte J High School. 7971 Peden Road is a 6-bed, 4-bath, 1,242 sqft multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty DPR, Daniel Harker; Keller Williams Realty DPR, Rocky Presley

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass and its related brokerages. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 07/15/2026 06:10 PM