Date
Details
Price
Change
Source
11/21/2025
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$850,000
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Property Description
Rare opportunity to own a fully renovated, bulletproof multi-unit investment property on one acre in Reno, TX, just minutes from all the shopping, dining, and conveniences of Azle. This unique setup includes four income-producing units across three separate homes-two single-family residences plus one duplex-all renovated over the last two years with stud-to-stud upgrades well beyond market standards. Every major component has been replaced, including roofs, septic systems, HVAC, insulation, flooring, kitchens, baths, paint, and more. Zero deferred maintenance and no upcoming cap-ex make this a true turnkey asset. Each unit features its own private fenced backyard, dedicated driveway parking, and two covered carport spaces. Individual water and electric meters are installed for all units, and each dwelling includes its own exterior storage building. Designed for longevity and low maintenance, this property offers excellent stability with three units leased and one single-family home intentionally left vacant for potential owner-occupancy or new leasing-previously rented for $1,850 per month. 8.2% Projected Cap Rate thanks to the zero deferred maintenance upkeep! Located within Springtown ISD, the property offers a quiet, small-town feel with quick access to nearby urban conveniences. An adjoining parcel may also be available for purchase and includes utilities, three-phase electric service, and an approx. 6,400 sq ft shop with separate work and office areas-including restrooms-offering additional income potential or space for a business operation. Situated on a corner lot, the expansion option provides outstanding accessibility for contractors, business owners, or investors looking to grow their residential or commercial portfolio. This is a truly rare chance to acquire a turnkey, fully modernized, low-risk investment property with multiple paths for income, expansion, and owner-occupancy flexibility.
Full Property Details
Full Property Details for Tbd E Reno Rd
General
- Price: $850,000
- Status: Active
- Type: Multi-Family
- Source: NTREIS
- MLS ID: 21113573
- Updated: 12/18/2025
- Added to Site: 56 day(s) ago
Interior
- Interior Features: Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, High Speed Internet, Open Floorplan
- Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave
- Flooring: Carpet, Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 11
- Full Bathrooms: 8
- Half Bathrooms: 3
Bedrooms
- Total Bedrooms: 10
Exterior
- Exterior Features: Dog Run, Lighting, Rain Gutters, Storage
Parking
- Carports: Yes
- Covered Spaces: 8
- Total Spaces: 8
- Parking Features: Covered, Carport, Driveway, Gravel
Location
- County: Parker
- Subdivision: R & R Little Estates
- Driving Directions: Some GPS's are not accurate. 32.938602385441506, -97.55943606014787 coordinates are easiest. E Reno Rd is AKA 1542. From Hwy 199 and Boyd Rd, go north On Boyd for 2.5 miles, turn left onto E Reno Rd-1542 for 1 mile, property on left right after the first loop of Arvel Circle.
School Information
- Elem School District: Springtown ISD
- Midd School District: Springtown ISD
- High School District: Springtown ISD
- Elementary School: Reno
- Middle School: Springtown
- High School: Springtown
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Septic Tank
- Water: Public
- Utility Description: Electricity Available, Overhead Utilities, Septic Available, Separate Meters, Underground Utilities, Water Available
Structural Information
- # Buildings: 3
- Detached/Attached: Detached
- Construction: Board & Batten Siding
- Roof: Composition, Metal
- Windows: Window Coverings
- Stories/Levels: 2
- Square Feet: 4,078
- Sq. Ft. Source: Other
- Year Built: 1983
Lot Features
- Lot Size (Acres): 1.061
- Lot Size (Sq. Ft.): 46,217.16
- Lot Size Source: Assessor
- Lot Dimensions: 280 x 230
- Frontage: All Weather Road
- Lot Features: Back Yard, Cleared, Interior Lot, Lawn, Level, Few Trees
- Fencing (Description): Back Yard, Cross Fenced, Fenced, Metal, Partial
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Aerial, Survey
- Legal Description: Acres: 1.061, Lot: 1, Subd: R&R LITTLE ESTATES, G
- Exclusions: Tenant property.
- Property ID: R000129714
- Lot Number: 1
Listed by The Costello Group, LLC, Mark Costello
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Listing agent
— Tbd E Reno Rd —
Mark Costello
The Costello Group, LLC
(817) 662-2716
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for Tbd E Reno Rd
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Tbd E Reno Road, Reno, TX 76020 (MLS# 21113573) is a Multi-Family property with 4 units containing 10 bedrooms, 8 full bathrooms and 3 partial bathrooms. Tbd E Reno Road is currently listed for $850,000 and was received on November 21, 2025. Want to learn more about Tbd E Reno Road? Do you have questions about finding other Multi-Family real estate for sale in Reno? You can browse all Reno real estate or contact a Coldwell Banker agent to request more information.