Date
Details
Price
Change
Source
7/15/2026
Listed
$425,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/25
$425,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/25
Property Description
Turnkey income-producing property offering immediate cash flow and an impressive 8.23% cap rate. Situated on 1.3+ acres, this unique investment features two separately leased residences, making it an excellent addition to an investment portfolio or an ideal opportunity for an owner-occupant seeking supplemental rental income. The front residence has been extensively remodeled with quartz countertops, luxury vinyl plank flooring, updated cabinetry, and contemporary finishes throughout and is currently leased for $1,999 per month. The second residence is a 2022-built manufactured home offering 3 bedrooms, 2 bathrooms, and 1,216 square feet. It features its own address, private entrance, and separate utilities, and has been permanently affixed and perfected to the real property deed, providing greater financing flexibility and long-term value. It is currently leased for $1,600 per month. Together, the property generates $43,188 in gross annual income with annual operating expenses of only $8,195, resulting in a net operating income of $34,993. With both homes occupied by tenants, this stabilized asset delivers strong, immediate cash flow with excellent long-term investment potential.
Full Property Details
Full Property Details for 7971 Peden Rd
General
- Price: $425,000
- Taxes: $4,193
- Status: Active
- Type: Multi-Family
- Source: NTREIS
- MLS ID: 21324127
- Updated: 7/16/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Eat-in Kitchen, High Speed Internet, Cable TV, Vaulted Ceiling(s), Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Wood Burning
- Appliances: Some Gas Appliances, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Plumbed For Gas, Refrigerator
- Flooring: Carpet, Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Exterior
- Porch/Patio/Deck: Covered, Patio
Parking
- Carports: Yes
- Carport Spaces: 2
- Covered Spaces: 2
- Total Spaces: 8
- Parking Features: Asphalt, Driveway, Gravel
Location
- County: Tarrant
- Subdivision: Lscs Peden Add
- Driving 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!
School Information
- Elem School District: Azle ISD
- Midd School District: Azle ISD
- High School District: Azle ISD
- Elementary School: Liberty
- Middle School: Forte
- High School: Azle
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central
Utilities
- Sewer: Septic Tank
- Water: Community/Coop
- Cable Available: Yes
- Utility Description: Septic Available, Water Available, Cable Available
Structural Information
- # Buildings: 2
- Detached/Attached: Detached
- Construction: Brick
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 1,242
- Sq. Ft. Source: Public Records
- Year Built: 1978
Lot Features
- Lot Size (Acres): 1.363
- Lot Size (Sq. Ft.): 59,372.28
- Frontage: All Weather Road
- Fencing (Description): Fenced, Pipe
Financial Considerations
- Tax Amount: $4,193
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Legal Description: LSCS PEDEN ADDITION BLOCK LOT 1
- Property ID: 42822457
- Lot Number: 1
Listed by Keller Williams Realty DPR, Daniel Harker and Keller Williams Realty DPR, Rocky Presley
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 7971 Peden Rd —
Daniel Harker
Keller Williams Realty DPR
Rocky Presley
Keller Williams Realty DPR
469-717-6391
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 7971 Peden Rd
School District:Azle Independent School District
| Name | Grades | Distance |
|---|---|---|
Liberty Elementary School, Azle, TX 11450 Liberty School Road, Azle, TX 76020 | PK-4 | 1.4 mi |
Santo Forte J High School 479 Sandy Beach Road, Azle, TX 76020 | 7-8 | 1.5 mi |
Azle High School 1200 Boyd Road, Azle, TX 76020 | 9-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7971 Peden Rd
Tax History
Tax History for 7971 Peden Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,193
—
$254,251
—
2023
$4,187
—
$254,251
-1%
2023
$4,187
3%
$257,464
100%
2022
$4,078
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7971 Peden Rd
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
7971 Peden Road, Azle, TX 76020 (MLS# 21324127) is a Multi-Family property with 2 units containing 6 bedrooms and 4 full bathrooms. 7971 Peden Road is currently listed for $425,000 and was received on July 15, 2026. Want to learn more about 7971 Peden Road? Do you have questions about finding other Multi-Family real estate for sale in Azle? You can browse all Azle real estate or contact a Coldwell Banker agent to request more information.