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Multifamily Development Opportunity in Bowie

802 Old Wise Road, Bowie, TX 76230

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For Sale

$1,200,000

New multifamily development with leased units and expansion potential.

Type:Commercial

Property size:

600 SF

Price / SF:

$2,000/SF

HighLights

Brand‑new multifamily development opportunity in the heart of Bowie.
14 additional units approved and ready to be built.
Three upscale 1‑bedroom, 1.5‑bath lofts are already leased.
Projected annual gross income of $259,200.
Each unit features an open‑concept layout, high‑end finishes, and stainless steel appliances.
All concrete work has already been completed, saving time and capital.

We can help!

Listing Contact

Cameron Butler

Learn more

For Sale

$1,200,000

New multifamily development with leased units and expansion potential.

Type:Commercial

Property size:

600 SF

Price / SF:

$2,000/SF

Added:: Apr 22, 2026
Days on Market:: 51
Last Refresh:: Apr 22 at 5:34 pm

Property Features for 802 Old Wise Road

General Information

Standard status: Active
Size: 600 SF
Property subtype: Commercial

Building Details

Year Built: 2025

We can help!

Listing Contact

Cameron Butler

Listing agent Cameron Butler

Listing office Realty Of America, LLC

Listing date Apr 22, 2026

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HighLights

Brand‑new multifamily development opportunity in the heart of Bowie.
14 additional units approved and ready to be built.
Three upscale 1‑bedroom, 1.5‑bath lofts are already leased.
Projected annual gross income of $259,200.
Each unit features an open‑concept layout, high‑end finishes, and stainless steel appliances.
All concrete work has already been completed, saving time and capital.

Overview

This multifamily development opportunity is located in Bowie. Three upscale 1-bedroom, 1.5-bath lofts are already leased. An additional 14 units are approved and ready to be built. Each 600 sq. ft. loft features an open-concept layout, high-end finishes, stainless steel appliances, and modern styling. The property is designed to appeal to working professionals and lifestyle renters. Projected rents are $1,200 per month per unit, giving the property a potential annual gross income of $259,200. All units are built to city code, and all concrete work has already been completed. The property is located near local shops, dining, and community events, offering tenant appeal and long-term appreciation potential. This project offers potential cash flow.

Location Intelligence

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Apartment buildings

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Local Demand

City: Bowie
County: Montague
State: Texas
Longitude: -97.857183
Latitude: 33.562439

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For sale
Apartment buildings
TX
Bowie
76230
802 Old Wise Road

What type of property is this?

Apartment building - New multifamily development with leased units and expansion potential.

Where is this apartment building located?

The property is located at 802 Old Wise Road Bowie, TX.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Brand‑new multifamily development opportunity in the heart of Bowie.; 14 additional units approved and ready to be built.; Three upscale 1‑bedroom, 1.5‑bath lofts are already leased.