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405 Cambridge Drive

Saginaw, TX 76179

$599,000

4 units · 1982

Units4
Building area4,176 sq ft
Year built1982
Gross income$59,400/yr
Cap rate5.24% as listed
Parking8 spaces
Lot size0.504 acres
TypeQuadruplex

What it costs to own

Taxes$12,537 per year
HOANone listed
Operating expenses$28,000 per year — as listed
Net operating income$31,400 per year — as listed

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

About this home

Well-maintained 4-unit investment property in Saginaw offering a strong opportunity for buyers searching for multifamily real estate with convenient access to I-35W, Loop 820, major employment centers, shopping, dining, and everyday conveniences. The seller prefers to sell Building 405 together with Buildings 221, 313, and 321, creating the potential to acquire multiple adjacent assets. Each of the 4 units features 2 bedrooms, 1 full bath, 1 half bath, and approximately 1,044 square feet of living space. The functional floor plans include spacious living areas with wood-burning fireplaces, well-designed kitchens, and washer and dryer hookups, providing practical features that appeal to a wide range of tenants. The property has been consistently maintained and includes numerous capital improvements, offering added value for investors. $40K in upgrades include multiple newer water heaters, 2 new HVAC systems, and roofs that are all less than 6 years old, helping reduce future maintenance considerations. Located in a well-established area with convenient access to major commuter routes including I-35W and Loop 820, this multifamily property is positioned near retail, restaurants, employment centers, and other daily amenities. Buyers searching for Fort Worth investment property, income-producing real estate, or a multifamily portfolio expansion will appreciate the combination of location, ongoing maintenance, and the opportunity to purchase multiple buildings together.

The details

HeatingCentral, Electric
CoolingCentral Air, Electric
FlooringCarpet
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Refrigerator
Interior featuresCable TV Available, High Speed Internet Available
Bathrooms4 full · 4 half
Fireplace4 · Living Room

Construction materialsBrick
RoofShingle
FoundationSlab

Water sourceCity Water
SewerCity Sewer

SubdivisionCambridge Estates

ElementaryBryson
Middle schoolWayside
High schoolBoswell
DistrictEagle MT-Saginaw ISD

Gross income$59,400 per year
Operating expenses$28,000 per year
Operating includesAdvertising, Gardener, Insurance, Legal, Licenses, Maintenance, New Tax
Cap rate5.24% — as listed
Net operating income$31,400 per year

MLS #21322574
Source
Price changeReduced by $26,000 · Aug 3, 2026
On the market49 days
CountyTarrant

Around this home

One moment…

Everyday life

Nearest groceryALDI · 0.4 mi
Nearest parkWillow Creek Park · 0.8 mi

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Listing courtesy of Redfin Corporation — Sarah Thornton.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21322574. Information last updated October 24, 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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