2507 E Adams Avenue, Temple, TX 76501
Local realty services provided by:CENTURY 21 North East
Listed by: jeremy ellis
Office: anchor realty
MLS#:613629
Source:TX_FRAR
Price summary
- Price:$275,000
- Price per sq. ft.:$104.44
About this home
Investor opportunity! Rare chance to own 3 dwellings on 1 acre — nearly impossible to find at this price point. Each home has its own septic system, and all roofs are approximately 3–4 years old.
Property Features – 3 Dwellings
• Dwelling 1: 816 sqft, 3 bed / 1 bath
• Dwelling 2: 704 sqft, 2 bed / 1 bath
• Dwelling 3: 1,113 sqft, 3 bed / 2 bath
All three units are currently rented with leases in place, making this a true turnkey cash-flowing asset for investors looking to park cash and generate immediate income.
Current rents:
• Dwelling 1: $950/mo
• Dwelling 2: $900/mo
• Dwelling 3: $1,100/mo
Total monthly income: $2,950/mo | Annual gross income: $35,400/year
At approximately $275,000 with a minimum 20% down conventional investment loan at 7% interest on a 30-year fixed rate, estimated principal and interest payment is approximately $1,465/mo before taxes and insurance.
This property offers an impressive approximately 12.9% gross cap rate with rents producing roughly double the estimated principal and interest payment, creating exceptional cash flow potential from day one.
Properties with 3 dwellings on 1 acre at this price are extremely hard to come by. Great opportunity for investors looking to expand their portfolio with an income-producing property....
Contact an agent
Home facts
- Year built:1923
- Listing ID #:613629
- Added:1 day(s) ago
- Updated:May 18, 2026 at 02:16 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:5
- Full bathrooms:5
- Flooring:Vinyl
- Bedroom Description:All Bedrooms Down
- Living area:2,633 sq. ft.
Heating and cooling
- Heating:Multiple Heating Units
Structure and exterior
- Roof:Composition, Shingle
- Year built:1923
- Building area:2,633 sq. ft.
- Lot area:1.01 Acres
- Construction Materials:Wood Siding
- Foundation Description:Pillar/Post/Pier
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Aerobic Septic
Finances and disclosures
- Price:$275,000
- Price per sq. ft.:$104.44
Features and amenities
- Laundry features:Laundry Room
Parking
- Carport spaces:2
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