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Six-Unit Apartment Property
For Sale
$1,350,000

900 Reese Lane, Azle, TX 76020

ResidentialIncome, Azle, TX

Property SizeContact for details
Lot Size2.11 Acres
Days on Market167

Property Features for 900 Reese Lane

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 12
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 6, Bedroom 12, Bathroom 2, Bathroom 3, Bedroom 11, Bedroom 10, Bedroom 3, Bedroom 5, Bathroom 5, Bathroom 1, Bedroom 7, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 9, Bedroom 8
Parking 12
Parking features Assigned, Driveway
Interior features HighSpeedInternet, OpenFloorplan
Appliances ElectricRange, Refrigerator
Subdivision SURV: JACOB WILCOX
Lot features Acreage
Elementary school Silver Creek
High school Azle
Elementary school district Azle ISD
Middle school district Azle ISD
High school district Azle ISD
Directions From 199, take Confederate Pkwy West about 5.5 miles to Reese Ln. Turn North on Reese Ln, curve West to property before road turns North again.
Standard status Active
APN R000060195
Lot size 2.11 Acres

Taxes and HOA fees

Tax Description ACRES: 2.109 TR: BLK: SURV: JACOB WILCOX
Tax Annual Amount 16081
Legal Description ACRES: 2.109 TR: BLK: SURV: JACOB WILCOX

Utilities

Sewer type Septic Tank, Aerobic Septic
Heating system Central, Electric (Heating)
Cooling system Central Air
Water source Well

Building Details

Year built 2005
Floors in Building 1
Number of units 6
Flooring type Tile, Carpet, Laminate
Roof type Composition
Listing Agency: The Michael Group Real Estate
Listed By: Brett Ashcraft · License #0563836
Added: Mar 26 Changed: Sep 2 Last Checked: Sep 8 at 3:06PM
MLS# 20974896

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 six-unit residential income property consists of six matching houses, each with two bedrooms and one bathroom. Built in 2005 on slab foundations, the homes feature laminate, tile, and carpet flooring, central heating and cooling, electric ranges, and refrigerators. Driveway and assigned parking are provided, and all six residences are occupied by long-term tenants.

The property encompasses 2.109 acres at 900 Reese Lane in Azle, Parker County. Water is supplied by an active well, while wastewater service is supported by two septic systems, including aerobic septic infrastructure. The site also includes a mobile home and an existing septic system that could support a future build site if the mobile home is removed.

Key Highlights

  • Six 2‑bedroom, 1‑bath houses on 2.109 acres
  • All six residences are occupied by long‑term tenants
  • Built in 2005 with slab foundations

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop Garden Center Building Supply Spa & Massage Center Gym & Fitness Center

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

6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

14
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six detached two-bedroom homes occupy a shared acreage tract with well and septic infrastructure.
Where is this apartment building located?
The property is located at 900 Reese Lane Azle, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Six 2‑bedroom, 1‑bath houses on 2.109 acres; All six residences are occupied by long‑term tenants; Built in 2005 with slab foundations
More about this property
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