tbd E Reno Rd

Azle, TX 76020

$850,000
Price
10
Beds
4,078 Sq. Ft.
$208 / Sq. Ft.
4,078
Sq. Ft.
$208
per Sq. Ft.
Turnkey cash-flowing 4-unit property with individual meters, fenced yards, recent full renovations, and expansion potential
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1070
1070
1058-1060. 1058 Is Two Story on Right.
1058
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1058
1060-1058. 1060 is one story on left.
1060
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1060

Description

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,...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.
  1. Listed by Mark Costello • TREC #0666230 • The Costello Group, LLC • (817) 662-2716

Property Details for Tbd East Reno Road

Subdivision Name
R & R Little Estates
Pool
No
Garage Spaces
0
Number Of Parking Spaces
8
Lot Size Dimensions
280x230
LISTING UPDATED: 12/18/2025 06:33 AM

Property Details for Tbd East Reno Road

StatusActive
MLS #21113573
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multiple Single Units
Year Built1983
Lot Size1.06 AC / 46,217 SF
CountyParker County

Location

Listing Courtesy of The Costello Group, LLC, Mark Costello
Add your commute

Building Information for Tbd East Reno Road

Stories2Residences4Year Built1983Building Size-Lot Size1.06 AC / 46,217 SF

Payment Calculator

$4,200 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,200

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for Tbd East Reno Road

Summary
Location and General Information
  • Complex Name: R & R Little Estates
  • Directions: Some GPS's are not accurate. 32.938602385441506, -97.55943606014787 coordinates are easiest. E Reno Rd is AKA 1542. From Hwy 199 and Boyd Rd, go north On Boyd for 2.5 miles, turn left onto E Reno Rd-1542 for 1 mile, property on left right after the first loop of Arvel Circle.
  • Elementary School: Reno
  • Elementary School Name: Reno
  • High School: Springtown
  • High School Name: Springtown
  • Intermediate School: Springtown
  • Middle School: Springtown
  • Year Built Details: Preowned
  • School District: Springtown ISD
  • Geocode Confidence: High
  • Latitude: 32.94
  • Longitude: -97.56
  • State: Texas
Parking
  • Parking Features: Carport, Covered, Driveway, Gravel
  • Carport Spaces: 8
  • Attached Garage: No
  • Parking Spaces Covered Total: 8
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: Acres: 1.061, Lot: 1, Subd: R&R LITTLE ESTATES, G
  • Association Type: None
  • Special Taxing Entities: No
  • Tax Lot: 1
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplaces Total: 0
  • Flooring: Carpet, Luxury Vinyl Plank
  • Heating: Central, Electric
  • Interior Features: Decorative Lighting, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Open Floorplan
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
  • Basement: No
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Smart Home Features Appor Pass Y: No
  • Window Features: Window Coverings
Exterior Features
  • Building Area Source: Other
  • Construction Materials: Board & Batten Siding, Siding
  • Exterior Features: Dog Run, Rain Gutters, Lighting, Storage
  • Fencing: Back Yard, Cross Fenced, Fenced, Metal, Partial
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Composition, Metal
  • Waterfront: No
  • Horse Permitted: No
  • Number Of Units Total: 4
  • Levels: Two
Property
Utilities
  • Utilities: All Weather Road, City Water, Co-op Electric, Individual Water Meter, Overhead Utilities, Septic, Underground Utilities
Property and Assessments
  • Exclusions: Tenant property.
  • Financing Proposed: Cash, Conventional
  • Concessions YN: Yes
  • Handicap: No
  • Loan Type: Treat As Clear
  • Security Features: Unknown
  • Property Match: APN
Lot Information
  • Lot Features: Cleared, Few Trees, Interior Lot, Level, Lrg. Backyard Grass
  • Lot Size: 1 to < 3 Acres
  • Lot Size Acres: 1.061
  • Lot Size Area: 1.061
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
  • Lot Size Square Feet: 46217.16
  • Multi Parcel ID: No
  • Parcel Number: R000129714
Multi Family
Multi-Family Information
  • Number Of Buildings: 3
  • Capitalization Rate: 8.33%
  • Gross Annual Expenses: $9,200
  • Gross Annual Income: $85,740
  • Insurance Expense: $5,800
  • Tenancy: Over 9 Months, Pet Restrictions, Pets Allowed
  • Total Annual Expenses Include: Insurance
  • Net Operation Income: $70,777.00
Unit 1
  • Approximate SQFT: 1350.0
  • Average Lease Amount: $2,000.00
  • Living Area Length: 17.0
  • Living Area Width: 13.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Approximate SQFT: 1018.0
  • Average Lease Amount: $1,700.00
  • Living Area Length: 17.0
  • Living Area Width: 13.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 3
  • Approximate SQFT: 946.0
  • Average Lease Amount: $1,850.00
  • Living Area Length: 14.0
  • Living Area Width: 12.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 1
Unit 4
  • Approximate SQFT: 764.0
  • Average Lease Amount: $1,595.00
  • Living Area Length: 14.0
  • Living Area Width: 12.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 0
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 1

Property History for Tbd East Reno Road

DateEvent & SourcePriceAppreciation
Nov 16, 2025

Listed (Active)

NTREIS #21113573

$850,000—
Dec 20, 2024

Sold

NTREIS #20782757

—
Nov 25, 2024

Pending

NTREIS #20782757

—
Nov 21, 2024

Listed (Active)

NTREIS #20782757

$10,001—
DateEvent & SourcePrice
11/16/2025

Listed (Active)

NTREIS #21113573

$850,000
12/20/2024

Sold

NTREIS #20782757

—
11/25/2024

Pending

NTREIS #20782757

—
11/21/2024

Listed (Active)

NTREIS #20782757

$10,001

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

Schools near Tbd East Reno Road

This home is within Springtown Independent School District.
Rating
School
Type
Grades
Distance
Springtown Reno Elementary School
Public - PK to 4
Springtown Intermediate School
Public - 5 to 6
Springtown Middle School
Public - 7 to 8
Springtown High School
Public - 9 to 12
Rating
School
Distance
Springtown Reno Elementary School
PublicPK to 4

Springtown Intermediate School
Public5 to 6

Springtown Middle School
Public7 to 8

Springtown 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 Tbd East Reno Road, Azle, TX 76020

Tbd East Reno Road is a multi-family home for sale in Azle, TX 76020. This property was listed for sale on November 16, 2025 by The Costello Group, LLC, it's currently listed at $850,000. It has been on the market for a total of 38 days and was last sold on December 20, 2024. This listing's school district is Springtown Independent School District. Nearby schools include Springtown Reno Elementary School, Springtown Intermediate School and Springtown Middle School. Tbd East Reno Road is a 10-bed, 11-bath, 4,078 sqft multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Costello Group, LLC, Mark Costello

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