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1403 Courtney Place

Cleburne, TX 76033

$599,750

4 units · 1983

Units4
Building area4,160 sq ft
Year built1983
Gross income$52,560/yr
Cap rate6.57% as listed
Parking8 spaces
Lot size0.29 acres
TypeQuadruplex

What it costs to own

Taxes$6,706 per year
HOAHOA — fee not provided by the listing · See agent
Operating expenses$6,706 per year — as listed
Insurance$6,480 per year — as listed
Net operating income$39,374 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

Income-producing property in a convenient Cleburne location! This four-unit multifamily property is fully occupied, providing potential for rental income for investors looking to expand or start their portfolio.

Each unit offers a 2-bedroom, 1.5-bath layout designed for comfortable everyday living. Tenants enjoy a spacious living area upon entry and the added bonus of a fenced back courtyard.

Whether you're a seasoned investor or looking for a solid entry into multifamily ownership, this property checks the boxes with strong rental potential, desirable unit features, and stable occupancy already in place.

The details

HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric
FlooringLuxury Vinyl Plank
AppliancesDishwasher, Electric Range
Interior featuresCable TV Available, Eat-in Kitchen, High Speed Internet Available
Bathrooms4 full · 4 half
Fireplace4 · Decorative, Living Room

Construction materialsRock/Stone, Wood
RoofComposition
FoundationSlab

Lot featuresCul-De-Sac, Interior Lot, Landscaped
FencingBack Yard, Wood
Water sourceCity Water
SewerCity Sewer

SubdivisionCourtney Knolls Add

ElementaryMarti
Middle schoolAd Wheat
High schoolCleburne
DistrictCleburne ISD

Gross income$52,560 per year
Operating expenses$6,706 per year
Insurance$6,480 per year
Cap rate6.57% — as listed
Net operating income$39,374 per year

MLS #21189077
Source
Price changeReduced by $29,250 · Jun 10, 2026
On the market197 days
CountyJohnson

Around this home

One moment…

Everyday life

Nearest groceryWalmart Supercenter · 1.4 mi
Nearest parkMcAnear Park · 0.6 mi

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Listing courtesy of eXp Realty, LLC — Cassie Spears.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21189077. Information last updated September 23, 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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