← All homes

5256 County Road 803

Joshua, TX 76058

$2,600,000

16 units · 2024

Units16
Building area9,999 sq ft
Year built2024
Gross income$230,400/yr
Cap rate7.09% as listed
Parking32 spaces
Lot size7.93 acres
TypeQuadruplex

What it costs to own

TaxesNot provided by the listing
HOANone listed
Operating expenses$37,280 per year — as listed
Insurance$8,800 per year — as listed
Net operating income$184,320 per year — as listed

About this home

This exceptional multi-family investment opportunity offers a rare combination of stable income production, newer construction and additional land with future potential. The property consists of four fourplex buildings totaling 16 residential units. All units are currently leased on one-year lease agreements, providing immediate and consistent cash flow. Constructed between 2021 and 2026, the development features modern construction with quality materials and durable finishes for long term ownership and reduced maintenance. The property is serviced by an aerobic septic system. Each unit offers a spacious one-bedroom, one-bath floor plan with vaulted ceilings that create an open and inviting atmosphere. Select units feature beautiful vaulted wood ceilings, while others showcase distinctive vaulted tin ceilings, adding rustic-modern character and architectural appeal throughout the property. Built with durability and convenience in mind, units have stained concrete and tile flooring. Interior wood walls add warmth and charm, creating a custom feel that distinguishes these units from traditional apartment properties. Residents benefit from dedicated utility rooms with full-size washer and dryer connections. All units are equipped with seamless metal roofs for long-term durability and minimal maintenance requirements. Every unit includes a covered two-car carport with concrete parking beneath, while gravel drive access complements the property's rural setting and efficient layout. The additional 6.92 acres of grassland adds substantial value and flexibility to the investment, offering many additional opportunities or long-term land appreciation. Opportunity to buy with additional investment property MLS #21289453.

The details

HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric
FlooringCeramic Tile, Concrete
AppliancesElectric Range, Microwave, Refrigerator
Interior featuresOpen Floorplan, Walk-In Closet(s)

Construction materialsBrick
RoofMetal
FoundationSlab

Water sourceCo-op Water
SewerAerobic Septic
ElectricCo-op Electric

SubdivisionWells Acres

Middle schoolTom and Nita Nichols
High schoolJoshua
DistrictJoshua ISD

Gross income$230,400 per year
Operating expenses$37,280 per year
Operating includesMaintenance, Maintenance Grounds, Maintenance Structure, Trash
Insurance$8,800 per year
Cap rate7.09% — as listed
Net operating income$184,320 per year

MLS #21289495
Source
On the market83 days
CountyJohnson

Around this home

One moment…

Everyday life

Nearest groceryBrookshire's · 2.0 mi
Nearest parkElisa Carver Park · 3.0 mi

Your places stay on this device. We never sell or share them. Read the full privacy policy

Place directory © OpenStreetMap contributors.

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

Robert LewisStephen LewisRobert & StephenInk Realty Group

Want the full story on this home?

What a listing cannot tell you: the street, the timing, the leverage. That is our work.

Ask about 5256 County Road 803 Text Robert & Stephen

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21289495. 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.

Scroll to Top