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Fully Leased Four-Unit Residential Income
For Sale
$1,000,000

399 Erwin Road, Poolville, TX 76487

MULTI_FAMILY - Poolville, TX

Lot Size1.00 Acres
Days on Market15

Property Features for 399 Erwin Road

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2
Parking 16
Parking features Carport
Interior features Dumbwaiter
Appliances Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal
Subdivision AE Winfrey
Elementary school Poolville
Middle school Poolville
High school Poolville
Elementary school district Poolville ISD
Middle school district Poolville ISD
High school district Poolville ISD
Directions i-20 to Center Point exit. North on Center Point which turns into Ric Williamson (East Loop). Right on FM 920 to right on Baggett to Erwin Road
Standard status Active
APN R000059295
Lot size 1.00 Acres

Taxes and HOA fees

Tax Description 1.050, TR:, BLK:, SURV: A E WINFREY
Tax Annual Amount 4934
Legal Description 1.050, TR:, BLK:, SURV: A E WINFREY

Utilities

Sewer type Aerobic Septic, Septic Tank
Heating system Central, Electric (Heating)
Cooling system Central Air, Electric
Water source Well

Building Details

Year built 2018
Floors in Building 1
Number of units 4
Flooring type Concrete
Building materials Brick
Roof type Composition
Listing Agency: Fathom Realty
Listed By: Woody Willhite · License #0513506
Added: Jul 17 Changed: Jul 27 Last Checked: Jul 31 at 12:06AM
MLS# 21254614

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This fully leased four-unit residential income property offers a straightforward, stabilized setup for investors. The building consists of four 3-bedroom, 2-bath units, each supported by well and septic services. As presented, the property is described as being in exceptional condition, with all units currently occupied.

Located at 399 Erwin Road in Poolville, Texas, the property falls within Poolville ISD, which can be an important consideration for tenant demand. The offering is for sale in Parker County.

Because the units are already leased, this asset is best suited to buyers seeking current income without the initial leasing cycle. The consistent 3-bedroom, 2-bath unit mix may also appeal to renters looking for more space, while the well-and-septic configuration can simplify reliance on municipal utilities. For investors evaluating residential income in a school-district setting, this is a practical, turn-key option with ongoing occupancy.

Key Highlights

  • Fully leased multi‑unit property with four 3‑bedroom, 2‑bath units
  • Built in 2018 with brick construction
  • Heating includes electric and central, with electric central air conditioning

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Auto Repair Shop Storage Facility Garden Center Bakery Barber Shop Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

7
Businesses Nearby

Demographics for 76487, TX

3,238
Population
1,437
Households
2.3
Avg Household Size
44
Median Age
13%
College-Educated
88%
High-School Grad
88.7 sq mi
ZIP Area
37
Density / Sq Mi
$73,810
Median Household Income
$30,940
Median Earnings
$220,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Fully leased four-unit income property with three-bedroom, two-bath units on private well and septic.
Where is this quadplex located?
The property is located at 399 Erwin Road Poolville, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Fully leased multi‑unit property with four 3‑bedroom, 2‑bath units; Built in 2018 with brick construction; Heating includes electric and central, with electric central air conditioning
More about this property
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