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TBD E Reno Road, 
Reno, TX 76020

$850,000


10

Beds


11

Baths


4,078

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Mark Costello

The Costello Group, LLC.

Last updated:

November 21, 2025, 11:52 PM

MLS#

21113573

Source:

GDAR

About This Home

TBD E Reno Road

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.

Home Facts

Multi-Family

11 Baths

10 Bedrooms

Built in 1983

Price Summary

850,000

$208 per Sq. Ft.

MLS #:

21113573

Last Updated:

November 21, 2025, 11:52 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

10

Bathrooms

Total Bathrooms:

11

Full Bathrooms:

8

Interior

Living Area:

4,078 Sq. Ft.


Structure

Structure

Building Area:

4,078 Sq. Ft.

Year Built:

1983


Lot

Lot Size (Sq. Ft):

46,217


Finances & Disclosures

Finances

Price:

$850,000

Price per Sq. Ft:

$208 per Sq. Ft.

MLS Logo
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated November 21, 2025 Listings with the NTREIS logo are listed by brokerages other than Coldwell Banker Anderson Realtors.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.