Building Details

Buildings 8

Listing Agency: Slate Real Estate Co., LLC

Listed By: Brandon Scott · License #TX9008660 Show Phone

Source: Crexi

Added: Aug 22 Changed: Sep 6 Last Checked: Sep 6 at 9:40PM

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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 Slate Real Estate Co., LLC

Investment Insights

Based on property information with market context.

This multifamily property spans 15 acres and includes 8 full duplexes. Each unit is configured with 2 bedrooms, 2 bathrooms, and a carport, providing a consistent residential layout across the existing improvements. Approximately 7.5 acres remain available for future development.

The property fronts State Highway 114 in Wise County, approximately 40 miles northwest of Fort Worth. Paradise is approximately 6 miles southwest of Decatur, placing shopping, dining, healthcare, and other services within the surrounding area. The combination of established duplex improvements and additional land creates a substantial multifamily holding with room for further development.

Key Highlights

• 8 full duplexes across a 15‑acre property
• Each unit includes 2 bedrooms, 2 bathrooms, and a carport
• Approximately 7.5 acres of remaining land for future development

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Accounting Firm

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

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Explore this area Business Placement

Demographics for 76148, TX

23,587

Population

8,481

Households

2.8

Avg Household Size

37

Median Age

24%

College-Educated

89%

High-School Grad

4.7 sq mi

ZIP Area

5,019

Density / Sq Mi

$90,614

Median Household Income

$42,762

Median Earnings

$1,824

Median Rent

$227,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Duplex units feature two-bedroom, two-bath layouts with carports.

Where is this multifamily property located?

The property is located at 175-182 & 194-201 Private Road 3459 Paradise, TX.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: 8 full duplexes across a 15‑acre property; Each unit includes 2 bedrooms, 2 bathrooms, and a carport; Approximately 7.5 acres of remaining land for future development