Five-Unit Rental Property with
1032 Greg Street Azle, TX 76020
1032 Greg Street, Azle, TX, 76020
Contact for pricing
For Sale
Contact for pricing
Five rental units include updated interiors, private well with individual meters, and each unit having garage parking.
Property Size5,349 SF
Lot Size1.00 Acre
Price / SF$224.15
Days on Market95
Property Features for 1032 Greg Street
General Information
- Standard status
- Active
- Size
- 5,349 SF
- Lot size
- 1.00 Acre
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1991
Listing agency
Trinity Group Realty
(817) 941-6454
Listed by
Chris Reeves · License #9013743
Source
Crexi
Added: Apr 18 Updated: Jul 21 at 7:09AM Checked: Jul 21 at 7:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trinity Group Realty
Investment Insights
Based on property information with market context.
This five-unit rental property offers a mix of three single-family homes and one duplex, providing a total of five separate units. Four of the five units have been updated, supporting a largely turnkey ownership experience, with one remaining unit offering future value potential. The property also includes its own private well with individual meters for each unit, which can help streamline utility management.
Additional infrastructure improvements include a recently reworked septic system with updated equipment. Garage parking is included with each unit, adding practical convenience for tenants.
The property is offered for sale at 1020, 1024, 1026, 1028, and 1032 Greg Street in Azle, Texas, and is situated on a full acre. Showings are available every Wednesday from 10:00 AM to 11:00 AM.
Additional infrastructure improvements include a recently reworked septic system with updated equipment. Garage parking is included with each unit, adding practical convenience for tenants.
The property is offered for sale at 1020, 1024, 1026, 1028, and 1032 Greg Street in Azle, Texas, and is situated on a full acre. Showings are available every Wednesday from 10:00 AM to 11:00 AM.
Key Highlights
- Five‑unit rental property on a full acre, built in 1991
- Unit mix includes three single‑family homes and one duplex (5 total units)
- Private well on site with individual meters for each unit to streamline utility management
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.6k | $30.96 |
| − Vacancy | −$17.7k | −$3.31 |
| EGI | $147.9k | $27.65 |
| − OpEx | −$66.5k | −$12.44 |
| NOI | $81.3k | $15.21 |
5,349 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.02M – $1.36M
NOI $81,337 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$5.32M
$4.65M – $6.20M
NOI $372,057 @ 7.0% cap · market cap 31.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five rental units include updated interiors, private well with individual meters, and each unit having garage parking.
Where is this apartment building located?
The property is located at 1032 Greg Street Azle, TX.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Five‑unit rental property on a full acre, built in 1991; Unit mix includes three single‑family homes and one duplex (5 total units); Private well on site with individual meters for each unit to streamline utility management
