Two-Residence Multifamily
For Sale
$400,000
7971 Peden Road, Azle, TX 76020
ResidentialIncome, Azle, TX
Property SizeContact for details
Lot Size1.36 Acres
Days on Market48
Property Features for 7971 Peden Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 6, Bedroom 3
Parking
8
Parking features
Driveway
Patio and Porch features
Patio
Interior features
EatInKitchen, HighSpeedInternet, CableTv, VaultedCeilings, WalkInClosets
Fencing
Fenced
Fireplace
1
Appliances
SomeGasAppliances, Dishwasher, GasCooktop, Disposal, GasOven, PlumbedForGas, Refrigerator
Subdivision
Lscs Peden Add
Elementary school
Liberty
Middle school
Forte
High school
Azle
Elementary school district
Azle ISD
Middle school district
Azle ISD
High school district
Azle ISD
Directions
From TX-199 W, take the exit for FM 730/Boyd and merge onto the frontage road. Turn right onto Boyd Rd, then right onto Peden Rd. The destination will be on the right. Welcome!
Standard status
Active
APN
42822457
Lot size
1.36 Acres
Taxes and HOA fees
Tax Description
LSCS PEDEN ADDITION BLOCK LOT 1
Tax Annual Amount
4193
Legal Description
LSCS PEDEN ADDITION BLOCK LOT 1
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air, Electric
Building Details
Year built
1978
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty DPR
(972) 732-6000
Listed By:
Daniel Harker · License #0435185
(972) 732-6000
Added: Jul 16
Changed: Aug 22
Last Checked: Sep 1 at 12:06PM
MLS# 21324127
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 two separately leased residences across individual parcels totaling 1.363 acres. The primary home contains 1,917 square feet and has been remodeled with quartz countertops, updated cabinetry, luxury vinyl plank flooring, three bedrooms, and two bathrooms. The second residence is a 2022-built manufactured home with 1,242 square feet, three bedrooms, and two bathrooms. It is permanently affixed to the real property and has its own address, separate utilities, and private driveway.
Both residences are leased through May 2027, and utilities are paid by the tenants. Additional property features include fenced grounds, driveway parking, patios, central heating and cooling, composition roofing, and septic service. The primary residence also includes an eat-in kitchen, vaulted ceilings, walk-in closets, gas appliances, and a fireplace.
Both residences are leased through May 2027, and utilities are paid by the tenants. Additional property features include fenced grounds, driveway parking, patios, central heating and cooling, composition roofing, and septic service. The primary residence also includes an eat-in kitchen, vaulted ceilings, walk-in closets, gas appliances, and a fireplace.
Key Highlights
- 1.363 acres across two individual parcels
- Two residences leased through May 2027
- Remodeled 1,917‑square‑foot primary home with 3 bedrooms and 2 bathrooms
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two leased homes occupy individual parcels, with separate utilities and a private driveway serving the manufactured residence.
Where is this multifamily property located?
The property is located at 7971 Peden Road Azle, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1.363 acres across two individual parcels; Two residences leased through May 2027; Remodeled 1,917‑square‑foot primary home with 3 bedrooms and 2 bathrooms
