TBD E Reno Road
Reno, TX, 76020
$
775,000
Bedrooms10
Baths8.3
Monthly Estimate*
$
5,353
Multi-Family Home for sale in Reno, TX
for $775,000 with 10 bedrooms and 8 full baths, 3 half baths. This home was built in 1983 on a lot size of 1.061.
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.
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Features
Interior
Interior Features
Decorative Lighting
Eat-in Kitchen
Granite Counters
High Speed Internet Available
Open Floorplan
Flooring
Carpet
Luxury Vinyl Plank
Basement Y/N
0
Total Units
4
Half Baths
3
Total Bedrooms
10
Total Baths
11
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General
Heating
Central
Electric
Complex Name
R & R Little Estates
Cooling
Ceiling Fan(s)
Central Air
Electric
Utilities
All Weather Road
City Water
Co-op Electric
Individual Water Meter
Overhead Utilities
Septic
Underground Utilities
Possession
Closing/Funding
Lease Outstanding
Negotiable
Other
Roof
Composition
Metal
Appliances
Dishwasher
Disposal
Electric Range
Electric Water Heater
Microwave
Number of Garage Spaces
0
School District
Springtown ISD
Pool Y/N
0
Exclusions
Tenant property.
Year Built
1983
Levels
Two
Property Subtype
Multiple Single Units
Subdivision Name
R & R Little Estates
Occupant Type
Tenant
County
Parker
Property Type
Residential Income
Construction Materials
Board & Batten Siding
Siding
Year Built Details
Preowned
HOA Type
None
Special Notes
Aerial Photo
Survey Available
# of Buildings
3
Full Baths
8
Status
Active
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-15
City
Reno
Elementary School Name
Reno
High School
Springtown
Elementary School
Reno
Standard Status
Active
Listing Terms
Cash
Conventional
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Exterior
Waterfront
0
Exterior Features
Dog Run
Rain Gutters
Lighting
Storage
Lot Features
Cleared
Few Trees
Interior Lot
Level
Lrg. Backyard Grass
Fencing
Back Yard
Cross Fenced
Fenced
Metal
Partial
Lot Size Source
Assessor
Parking Features
Carport
Covered
Driveway
Gravel
Lot Size
1 to < 3 Acres
Foundation
Slab
Lot Size Dimensions
280x230
Building Area Total
4078.00
Garage Y/N
0
Attached Garage Y/N
0
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* Excluded Features
List By
Mark Costello
Listing Agent
The Costello Group, Llc
Broker
Affordability Calculator
- Monthly Principal & Interest
- $5,353
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
Trends Information provided by ATTOM Data Solutions.
288235
Elementary School
3633890
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
5/26/2026
|
$775,000
|
-1.89%
|
Price Down
|
|
5/14/2026
|
$789,900
|
-1.26%
|
Price Down
|
|
4/22/2026
|
$800,000
|
-2.44%
|
Price Down
|
|
4/17/2026
|
$820,000
|
-1.20%
|
Price Down
|
|
4/1/2026
|
$830,000
|
-2.35%
|
Price Down
|
|
11/21/2025
|
$850,000
|
|
Listed Price
|