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Multifamily Property with Expansion Sites
For Sale
$3,100,000

7718 FM 1886, Azle, TX 76020

MULTI_FAMILY - Azle, TX

Property SizeContact for details
Lot Size10.00 Acres
Days on Market78

Property Features for 7718 FM 1886

General Information

Property type Residential Multi Family
Property subtype Other
Parking 20
Interior features CableTv
Appliances Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, IceMaker, Microwave, Refrigerator
Lot features Acreage, Few Trees
Elementary school Azle
Middle school Azle
High school Azle
Elementary school district Azle ISD
Middle school district Azle ISD
High school district Azle ISD
Directions Take I20 to Farmer Road and go North to FM 1886 go west on 1886 about 1 mile and entrance to Cabins at Rocky Top. Meet at Mgmt office which is the first building on the right as you drive into the complex.
Standard status Active
APN 61000110897
Lot size 10.00 Acres

Utilities

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

Building Details

Year built 2022
Floors in Building 1
Number of units 12
Flooring type Simulatedwood, Tile, Laminate, Carpet
Building materials Frame
Roof type Metal
Listing Agency: exp Realty, LLC
Listed By: Becky Leebens · License #0661426
Added: Jun 12 Changed: Aug 3 Last Checked: Aug 28 at 7:06PM
MLS# 21172237

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 multifamily property comprises 12 homes across 10 acres at 7718 FM 1886 in Azle, Texas. The residences include one-story layouts measuring 1,270 square feet and loft-style homes measuring 1,670 square feet. Both configurations provide three bedrooms and two bathrooms, with features including kitchens, laundry areas, and dining spaces. Appliances include refrigerators, ranges, ovens, dishwashers, microwaves, ice makers, and electric water heaters. Construction dates to 2022, with frame materials, metal roofing, central air, electric heating, and a combination of simulated wood, tile, laminate, and carpet flooring.

The property is fully occupied, with minimum one-year lease terms. Two cleared sites are included for potential future residential or amenity development. Water is supplied by a well, and wastewater service is provided through a septic tank.

Key Highlights

  • 12 homes on 10 acres at 7718 FM 1886, Azle, TX 76020
  • Fully occupied with minimum 1‑year lease terms
  • Unit mix includes 1,270‑square‑foot one‑story homes and 1,670‑square‑foot loft units

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Building Supply Auto Repair Shop Spa & Massage Center Storage Facility Garden Center Hotel & Motel

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

12
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

23
Businesses Nearby

Demographics for 76020, TX

33,469
Population
13,355
Households
2.5
Avg Household Size
42
Median Age
20%
College-Educated
89%
High-School Grad
64.9 sq mi
ZIP Area
516
Density / Sq Mi
$91,000
Median Household Income
$48,559
Median Earnings
$1,246
Median Rent
$272,800
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?
Multifamily property - Fully occupied community includes one- and two-level residences with minimum one-year lease terms.
Where is this multifamily property located?
The property is located at 7718 FM 1886 Azle, TX.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 12 homes on 10 acres at 7718 FM 1886, Azle, TX 76020; Fully occupied with minimum 1‑year lease terms; Unit mix includes 1,270‑square‑foot one‑story homes and 1,670‑square‑foot loft units
More about this property
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