415 E 4th Ave

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.