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7971 Peden Road
Azle TX 76020 US

$425,000

Active Listing ID 21324127
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6 bed
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4.00 Bath (4 Full)
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Lot: 1.36 Acres
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Other

$425,000

Active Listing ID 21324127
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7971 Peden Road 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.

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Property Features

  • Facts
  • Lot Size: 1.36 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • Cooling System: Central Air, Electric
  • Floor Covering: Vinyl, Carpet
  • Roof Type: Composition
  • Heating Fuels: Central
  • Additional Features
  • Fireplace
  • Patio

School Information

  • School
  • Liberty(Elementary)
  • Forte(MiddleSchool)
  • Azle(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 425000
  • unparsedaddress: 7971 Peden Road
  • postalcity: Azle
  • stateorprovince: TX
  • country: US
  • postalcode: 76020
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.363
  • lotsizeunits: Acres
  • lotsizearea: 1.363
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 32.952121
  • longitude: -97.53754
  • listagentfullname: Daniel Harker
  • listagentemail: klrw48@kw.com
  • listagentkey: 3yd-NTREIS-0435185
  • listagentmlsid: 0435185
  • listagentpreferredphone: (972) 732-6000
  • listofficekey: 3yd-NTREIS-KELL01
  • listofficemlsid: KELL01
  • disclaimer: 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.
  • sourcesystemid: NTREIS
  • yearbuilt: 1978
  • listagenturl: http://dallas_preston_road.kw.com
  • countyorparish: Tarrant
  • parcelnumber: 42822457
  • elementaryschool: Liberty
  • highschool: Azle
  • elementaryschooldistrict: Azle ISD
  • middleorjuniorschooldistrict: Azle ISD
  • highschooldistrict: Azle ISD
  • appliances: SomeGasAppliances, Dishwasher, GasCooktop, Disposal, GasOven, PlumbedForGas, Refrigerator
  • cooling: Central Air, Electric
  • constructionmaterials: Brick
  • flooring: Vinyl, Carpet
  • heating: Central
  • numberofunitstotal: 2
  • fireplaceyn: True
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 8
  • parkingfeatures: Driveway
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • interiorfeatures: EatInKitchen, HighSpeedInternet, CableTv, VaultedCeilings, WalkInClosets
  • rooms: Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3
  • patioandporchfeatures: Patio
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -97.53754, 32.95212
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Guildford LTD dba Keller Williams Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"dallasprestonroad@gmail.com", "ListBrokerageCity":"Dallas", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw48@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/NTREIS/3fc2be601f6911e180be00219b994c72/20190124025404704.png", "ListBrokerageName":"Guildford LTD dba Keller Williams Realty", "ListBrokeragePhone":"(972) 732-6000", "ListBrokeragePostalCode":"75252", "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"18383 Preston Road, Ste 150", "ListBrokerageWebsiteUrl":"http://dallas_preston_road.kw.com", "ListOfficeAddress1":" ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"KELL01", "ListOfficeCity":"Dallas", "ListOfficeCountry":"US", "ListOfficeEmail":"klrw48@kw.com", "ListOfficePostalCode":null, "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Azle, TX", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/7971-Peden-Rd_Azle_TX_76020_M99199-45242?f=listhub&s=NTREIS&m=21324127&c=rexren", "MLSModificationTimestamp":"2026-07-16 23:10:07", "Neighborhoods":[{"Description":null, "Name":"Lscs Peden Add"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4193, "TaxDescription":"LSCS PEDEN ADDITION BLOCK LOT 1", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/16/2026 11:42:15 PM GMT
Source Updated Date: 7/24/2026 12:47:26 AM GMT

Courtesy of: Daniel Harker, Keller Williams Realty DPR, klrw48@kw.com

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.