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4505 County Road 805f

Cleburne, TX 76031

$2,600,000

13 units · 2015

Units13
Building area15,680 sq ft
Year built2015
Gross income$234,000/yr
Cap rate7.06% as listed
Parking26 spaces
Lot size5.589 acres
TypeTriplex

What it costs to own

TaxesNot provided by the listing
HOANone listed
Operating expenses$31,543 per year — as listed
Insurance$14,300 per year — as listed
Net operating income$183,456 per year — as listed

About this home

This attractive multi-family investment property offers a strong combination of dependable rental appeal, durable construction features, and practical tenant amenities. Although Tax records reflect a Cleburne, Texas address, the property is more commonly recognized as being located in Keene, Texas, providing convenient access to both communities and surrounding growth corridors. Property is only minutes from Chisholm Trail Parkway. The Property consists of one fourplex building and three triplex buildings situated on appx 5.58 acres, creating a spacious residential setting with a total of 13 income-producing units. The fourplex includes covered two-car carports, while the triplex buildings feature integrated carport designs that provide convenient covered parking for residents and contribute to the property's cohesive appearance and functionality. All units are thoughtfully designed with spacious two-bedroom, two-bath floor plans that appeal to a broad tenant base. Residents enjoy comfortable living spaces enhanced by walk-in closets in the bedrooms, dedicated washer and dryer rooms for full size appliances, and fully equipped kitchens with dishwasher included in every unit. Each residence is equipped with central heating and air conditioning, with the majority of the units consisting of quality Crane HVAC units, supporting reliable climate and long-term operational efficiency. The interiors feature stained concrete throughout, offering an attractive, modern appearance combined with durability and ease of maintenance -an ideal feature for long-term property ownership and reduced turnover costs. Significant recent capital improvements have already been completed, including newer roofs on all buildings with roof ages ranging between 12 and 16 months. These recent upgrades help minimize near-term maintenance concern. The property is supported by a combination of two septic systems. Opportunity to buy additional investment property, MLS #21289495

The details

HeatingCentral, Electric
CoolingCentral Air, Electric
FlooringConcrete
AppliancesDishwasher, Electric Oven, Microwave, Refrigerator
Interior featuresWalk-In Closet(s)

Construction materialsBrick
RoofComposition
FoundationSlab

Lot featuresInterior Lot
Water sourceCo-op Water
SewerAerobic Septic, Septic
ElectricCo-op Electric, Electricity Connected

SubdivisionSmiling Hills

Middle schoolTom and Nita Nichols
High schoolJoshua
DistrictJoshua ISD

Gross income$234,000 per year
Operating expenses$31,543 per year
Insurance$14,300 per year
Cap rate7.06% — as listed
Net operating income$183,456 per year

MLS #21289453
Source
On the market83 days
CountyJohnson

Around this home

One moment…

Everyday life

Nearest groceryBrookshire's · 4.5 mi
Nearest parkElisa Carver Park · 2.9 mi

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Listing courtesy of Dalton Wade, Inc. — Rebecca Smith.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21289453. Information last updated August 25, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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