Tbd East Reno Road

Turnkey cash-flowing 4-unit property with individual meters, fenced yards, recent full renovations, and expansion potential
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Active
$775,000
10 beds4,078 sqft
tbd E Reno Rd, Azle, TX 76020
Est: $4,005/moGet pre-approved
Multi FamilyProperty Type
1.06 acresLot Size
1983Year Built
$190/sq ftPrice per sq ft
8 carsParking Spaces

Description

Fully renovated 4-unit rental portfolio in Reno, TX, consisting of one duplex and two single-family homes across three buildings on approximately 1.06 acres. The property has been extensively improved over the past two years, including water and septic lines, appliances, flooring, paint, fixtures, fencing, kitchens, baths, and other major components. There are no known deferred-maintenance items, making this a true turnkey investment. All four units are currently occupied, producing $81,540 in gross...Fully renovated 4-unit rental portfolio in Reno, TX, consisting of one duplex and two single-family homes across three buildings on approximately 1.06 acres. The property has been extensively improved over the past two years, including water and septic lines, appliances, flooring, paint, fixtures, fencing, kitchens, baths, and other major components. There are no known deferred-maintenance items, making this a true turnkey investment. All four units are currently occupied, producing $81,540 in gross scheduled annual rent. Current NOI is approximately $66,577, equating to an 8.59% in-place cap rate at the $775,000 asking price. Tenant turnover has historically been very low, and lease expirations are staggered through 2027 and 2028, helping reduce concentrated vacancy risk. Each unit features individual water and electric metering, a private fenced yard, dedicated parking, two covered carport spaces, and exterior storage. Located inside the City of Reno and within Springtown ISD, the property offers a quiet residential setting with quick access to Azle, FM 730, Hwy 199, and the broader DFW market. An adjoining commercial-income property may also be available separately. It includes approximately one acre, a hard-corner location, three-phase power, utilities, covered work areas, and an approximately 6,600 SF shop being divided into multiple leasable spaces, creating additional income and business-use potential.
309 days on Market
  • Listed by: Mark Costello TREC #0666230 • The Costello Group, LLC (817) 662-2716
Last updated: 09/07/2026 01:48 PM • Source: NTREIS, MLS#: 21113573

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Listing Courtesy of The Costello Group, LLC, Mark Costello
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Property Information for Tbd East Reno Road

Property Details
  • MLS Type: Multi-Family / Multiple Single Units
  • County: Parker County
  • Subdivision Name: R & R Little Estates
  • Pool: No
  • Garage Spaces: 0
  • Number Of Parking Spaces: 8
  • Lot Size Dimensions: 280x230
Building Information
  • Stories: 2
  • Residences: 4
  • Year Built: 1983
  • Lot Size: 1.06 AC / 46,217 SF
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: 9.13%
  • 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: $1,825.00
  • 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: $1,675.00
  • 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
May 25, 2026

Price Change

NTREIS #21113573

$775,000—
May 14, 2026

Price Change

NTREIS #21113573

$789,900—
Apr 22, 2026

Price Change

NTREIS #21113573

$800,000—
DateEvent & SourcePrice
05/25/2026

Price Change

NTREIS #21113573

$775,000
05/14/2026

Price Change

NTREIS #21113573

$789,900
04/22/2026

Price Change

NTREIS #21113573

$800,000

For completeness, we 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 $775,000. It has been on the market for a total of 309 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 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 The Costello Group, LLC, Mark Costello

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: 09/07/2026 01:48 PM