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2470 Trinity Street

Decatur, TX 76234

$5,000,000

17 units · 2021

Units17
Building area24,827 sq ft
Year built2021
Gross income$4,166,450/yr
Cap rate5.72% as listed
Parking40 spaces
Lot size6.763 acres
TypeResidential Income

What it costs to own

Taxes$46,506 per year
HOANone listed
Operating expenses$130,813 per year — as listed
Insurance$40,643 per year — as listed
Net operating income$285,827 per year — as listed

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

About this home

THE DEVELOPMENT SITS ON 6.73 ACRES CURRENTLY CONFIGURED WITH 9 SINGLE FAMILY HOMES, 7 APARTMENT UNITS AND ONE OFFICE WITH HISTORICALLY HIGH OCCUPANCY. A PORTION OF THE PROPERTY REMAINS UNDEVELOPED AND CAN BE DEVELOPED IF ANNEXED INTO THE CITY AND SEWER TIED IN. DECATUR IS STRATEGIC NORTH TEXAS LOC ATION APPROXIMATELY 30 MINUTES WEST OF DENTON, 40 MINUTES NORTH OF DOWNTOWN FORT WORTH, AND 45 MINUTES NORTHWEST OF DFW INTERNATIONAL AIRPORT. DECATUR IS THE COUNTY SE AT OF WISE COUNTY WITH EXCELLENT REGIONAL ACCESS POSITIONED ALONG THE US-81-287 AND HWY 380 CORRIDORS. BUILDINGS WERE BUILT BETWEEN 2020 TO 2024. THE ORIGINAL HOUSE WAS BUILT IN 1955.

The details

HeatingCentral
CoolingCentral Air
FlooringOther
AppliancesOther
Interior featuresHigh Speed Internet Available

Construction materialsWood
RoofComposition
FoundationSlab

SewerSeptic

SubdivisionDecatur Municipal Airport

ElementaryCarson
Middle schoolMccarroll
High schoolDecatur
DistrictDecatur ISD

Gross income$4,166,450 per year
Operating expenses$130,813 per year
Operating includesInsurance, Maintenance, Maintenance Grounds, New Tax, Vacancy Allowance, Water/Sewer, Other
Insurance$40,643 per year
Cap rate5.72% — as listed
Net operating income$285,827 per year

MLS #21366019
Source
On the market2 days
CountyWise

Around this home

One moment…

Everyday life

Nearest groceryWalmart Supercenter · 2.1 mi
Nearest parkMelba Doyle Park · 1.0 mi

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Listing courtesy of Slate Real Estate Co., LLC — Brandon Scott.

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 #21366019. Information last updated August 22, 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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