← All homes

316 7 Street #100-124

Mount Pleasant, TX 75455

$2,600,000

25 units · 1965

Units25
Building area20,028 sq ft
Year built1965
Gross income$270,300/yr
Cap rate9.39% as listed
Parking25 spaces
Lot size1.136 acres
TypeResidential Income

What it costs to own

Taxes$16,054 per year
HOANone listed
Operating expenses$36,054 per year — as listed
Net operating income$244,246 per year — as listed

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

About this home

Prime Income-Producing Multifamily Property in Downtown Mount Pleasant. Exceptional investment opportunity in the heart of Downtown Mount Pleasant! This fully leased, income-producing multifamily building features 25 well-maintained apartment units—23 one-bedroom, one-bath units and 2 two-bedroom, one-bath units. Each unit ranges from approximately 850 to 1,000 square feet and offers modern finishes, including stainless steel appliances, granite countertops in kitchens and bathrooms, and sleek tile flooring throughout. Some kitchens are equipped with granite islands, adding extra prep and dining space. The property includes convenient on-site parking, a community laundromat for tenants, landscaped grounds, and a centralized community mailbox area. Located just minutes from the highway, this property offers easy accessibility while maintaining a walkable downtown location. A rare turnkey investment with stable occupancy—100% leased and generating consistent income

The details

HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric
FlooringCeramic Tile
AppliancesDishwasher, Disposal, Refrigerator
Interior featuresEat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)

Construction materialsBrick, Siding
RoofComposition
FoundationSlab

Lot featuresLandscaped, Sprinkler System
FencingFenced, Wood
Water sourceCity Water
SewerCity Sewer

SubdivisionMt Pleasant City Blocks
Community featuresCurbs, Laundry

ElementaryAnnie Sims
Middle schoolWallace
High schoolMount Pleasant
DistrictMount Pleasant ISD

Gross income$270,300 per year
Operating expenses$36,054 per year
Operating includesMaintenance, Maintenance Grounds, Maintenance Structure, Trash, Water/Sewer
Cap rate9.39% — as listed
Net operating income$244,246 per year

MLS #20925425
Source
Price changeReduced by $100,000 · Jun 26, 2026
On the market417 days
CountyTitus

Around this home

One moment…

Everyday life

Nearest groceryBrookshire's · 0.5 mi
Nearest parkEdwards Park · 0.5 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 Texas Legacy Realty — Dennys Gonzalez.

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 316 7 Street #100-124 Text Robert & Stephen

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #20925425. Information last updated June 26, 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