13-Unit Apartment
4505 County Road 805f, Cleburne, TX 76031
For Sale
$2,600,000
ResidentialIncome, Cleburne, TX
Property Size15,680 SF
Lot Size5.59 Acres
Price / SF$165.82
Days on Market120
Property Features for 4505 County Road 805f
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Appliances
Subdivision
Lot features
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Utilities
Sewer type
Heating system
Cooling system
Amenities
covered parking
walk-in closets
washer/dryer rooms
fully equipped kitchens with dishwasher
central heating and air conditioning
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Dalton Wade, Inc.
Listed By:
Rebecca Smith · License TX #0445007
(727) 888-4175
Added: Jul 17
Changed: Oct 30
Last Checked: Nov 13 at 10:06PM
MLS# 21289453
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.
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Investment Insights
Based on property information with market context.
This apartment property contains one fourplex and three triplex buildings totaling 13 income-producing units across 15,680 square feet. Built in 2015, the buildings occupy approximately 5.589 acres and are constructed with brick exteriors, composition roofs, and concrete flooring. Every residence includes a two-bedroom, two-bath layout, walk-in bedroom closets, a dedicated room for full-size laundry appliances, and a kitchen equipped with a dishwasher, electric oven, microwave, and refrigerator. Central heating and air conditioning serve the units, with most equipped with Crane HVAC systems.
Covered parking is provided through two-car carports at the fourplex and integrated carport designs at the triplex buildings. All building roofs were replaced or installed 12 to 16 months ago. The property is served by two septic systems, including aerobic septic and septic tank infrastructure.
Covered parking is provided through two-car carports at the fourplex and integrated carport designs at the triplex buildings. All building roofs were replaced or installed 12 to 16 months ago. The property is served by two septic systems, including aerobic septic and septic tank infrastructure.
Key Highlights
- 13 income‑producing units in one fourplex and three triplex buildings
- Approximately 5.589 acres with 15,680 square feet of building area
- All residences feature two bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$238,430
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,768,600
$4.8M
Cap Rate 7%
$3,406,143
$3.4M
Cap Rate 9%
$2,649,222
$2.6M
Market Conditions
NOI Build-Up for 15,680 SF
Gross rent
$485.5K $30.96/SF
− Vacancy
−$51.9K −$3.31/SF
EGI
$433.5K $27.65/SF
− OpEx
−$195.1K −$12.44/SF
NOI
$238.4K $15.21/SF
Area
Johnson County, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,768,600
Cap Rate 7%
$3,406,143
Cap Rate 9%
$2,649,222
Alternative Uses
Best Use
Apartment 5plus
$3.41M
$2.98M – $3.97M
NOI $238,430 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.31M
$3.77M – $5.02M
NOI $301,432 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
13
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 76031, TX
18,398
Population
6,596
Households
2.8
Avg Household Size
38
Median Age
15%
College-Educated
81%
High-School Grad
72.7 sq mi
ZIP Area
253
Density / Sq Mi
$70,672
Median Household Income
$39,335
Median Earnings
$1,274
Median Rent
$203,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Four buildings provide two-bedroom, two-bath residences with covered parking and dedicated washer and dryer rooms.
Where is this apartment building located?
The property is located at 4505 County Road 805f Cleburne, TX.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 13 income‑producing units in one fourplex and three triplex buildings; Approximately 5.589 acres with 15,680 square feet of building area; All residences feature two bedrooms and two bathrooms
