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    927 Maplewood Dr Harker Heights, TX 76548

    For Sale
    $12,500,000

    92-Unit Multifamily Investment Opportunity

    Property size:
    138,553 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a portfolio of 46 duplexes, totaling 92 units, located in Harker Heights, Texas. Built between 2004 and 2021, this stabilized multifamily property boasts a substantial 138,553 square feet of net rentable space. Currently operating at 99% occupancy, the portfolio generates a strong net operating income (NOI) of $626,780, representing a 5.01% cap rate. Pro-forma projections indicate a significant increase in NOI to $858,772 and a 6.87% cap rate, showcasing substantial upside potential. The asking price is $12,500,000, translating to $135,869.57 per unit and $90.22 per square foot. The property is comprised of single-story buildings and benefits from established property management, ensuring consistent income generation and minimal vacancy. This portfolio is offered as a whole, but inquiries are welcome for potential smaller packages of 48, 28, or 16 units. The property is individually/LLC owned and located at 927 Maplewood Dr, Harker Heights, TX 76548, in Bell County. This is an ideal acquisition for investors seeking a high-performing, multifamily asset with proven profitability and significant growth prospects in a desirable Texas market.

    Property Features for 927 Maplewood Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    138,553 SF

    Building Details

    Buildings
    46
    Stories
    1
    Units
    92

    HighLights

    • Portfolio of 46 duplexes (92 units) in Harker Heights, TX.
    • 138,553 square feet of net rentable space, built 2004‑2021.
    • 99% occupancy, $626,780 current NOI, 5.01% cap rate.
    • Pro‑forma NOI of $858,772, 6.87% projected cap rate.
    • $12,500,000 asking price; $135,870 per unit; $90.22 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Map

    City
    Harker Heights
    County
    Bell
    State
    Texas
    Longitude
    -97.6542388
    Latitude
    31.0603562

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    FAQs

    What type of property is this?
    Multifamily property - 92-Unit Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 927 Maplewood Dr Harker Heights, TX.
    What is the asking price?
    The asking price for this property is $12,500,000.
    What are key features of this property?
    This property features: Portfolio of 46 duplexes (92 units) in Harker Heights, TX.; 138,553 square feet of net rentable space, built 2004-2021.; 99% occupancy, $626,780 current NOI, 5.01% cap rate.
    (817) 372-4818
    Request Owner's contact information
    927 Maplewood Dr Harker Heights, TX 76548
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    Harker Heights, TX 76548
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    927 Maplewood Dr Harker Heights, TX 76548
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