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Multifamily Property With Development Land
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175-182 & 194-201 Private Road 3459, Paradise, TX 76148

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

Property SizeContact for details
Lot Size15.00 Acres
Days on Market75

Property Features for 175-182 & 194-201 Private Road 3459

General Information

Standard status Active
Lot size 15.00 Acres
Property subtype Multifamily

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Buildings 8
Listing Agency: Slate Real Estate Co., LLC
Listed By: Brandon Scott · License #TX9008660
Source: Crexi
Added: Aug 22 Changed: Oct 25 Last Checked: Nov 3 at 6:41AM

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

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

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3
Businesses Nearby

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

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
(940) 239-7887 Call to check price and availability
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