TBD E Reno Road, Reno, TX 76020
Local realty services provided by:CENTURY 21 Harvey Properties
Listed by: mark costello
Office: the costello group, llc.
MLS#:21113573
Source:GDAR
Price summary
- Price:$775,000
- Price per sq. ft.:$190.04
About this home
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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Home facts
- Year built:1983
- Subdivision & Development:R & R Little Estates
- Listing ID #:21113573
- Added:337 day(s) ago
- Updated:October 25, 2026 at 11:39 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:11
- Full bathrooms:8
- Half bathrooms:3
- Flooring:Carpet, Luxury Vinyl Plank
- Kitchen Description:Dishwasher, Disposal, Electric Range, Microwave
- Living area:4,078 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air, Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Composition, Metal
- Year built:1983
- Building area:4,078 sq. ft.
- Lot area:1.06 Acres
- Lot Features:Cleared, Few Trees, Interior Lot, Lawn, Level
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Springtown
- Middle school:Springtown
- Elementary school:Reno
Finances and disclosures
- Price:$775,000
- Price per sq. ft.:$190.04
Features and amenities
- Appliances:Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
- Amenities:Window Coverings
Parking
- Total parking spaces:8
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