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E Reno Road
Reno TX 76020 US

$775,000

Active Listing ID 21113573
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10 bed
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11.00 Bath (8 Full , 3 Half)
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Lot: 1.06 Acres
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Other

$775,000

Active Listing ID 21113573
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E Reno Road Fully renovated 4-unit rental portfolio in Reno, TX, consisting of one duplex and two single-family homes across three buildings on approximately 1.06 acres. The property has been extensively improved over the past two years, including water and septic lines, appliances, flooring, paint, fixtures, fencing, kitchens, baths, and other major components. There are no known deferred-maintenance items, making this a true turnkey investment. All four units are currently occupied, producing $81, 540 in gross scheduled annual rent. Current NOI is approximately $66, 577, equating to an 8.59% in-place cap rate at the $775, 000 asking price. Tenant turnover has historically been very low, and lease expirations are staggered through 2027 and 2028, helping reduce concentrated vacancy risk. Each unit features individual water and electric metering, a private fenced yard, dedicated parking, two covered carport spaces, and exterior storage. Located inside the City of Reno and within Springtown ISD, the property offers a quiet residential setting with quick access to Azle, FM 730, Hwy 199, and the broader DFW market. An adjoining commercial-income property may also be available separately. It includes approximately one acre, a hard-corner location, three-phase power, utilities, covered work areas, and an approximately 6, 600 SF shop being divided into multiple leasable spaces, creating additional income and business-use potential.

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Property Features

  • Facts
  • Lot Size: 1.06 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 8
  • 1/2 Bathrooms: 3
  • Cooling System: Central Air, Electric, Ceiling Fan(s)
  • Exterior Finish: DogRun, Lighting, RainGutters, Storage
  • Floor Covering: Carpet, Vinyl
  • Roof Type: Composition, Metal
  • Heating Fuels: Electric (Heating), Central

School Information

  • School
  • Reno(Elementary)
  • Springtown(MiddleSchool)
  • Springtown(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 775000
  • unparsedaddress: E Reno Road
  • postalcity: Reno
  • stateorprovince: TX
  • country: US
  • postalcode: 76020
  • bathroomsfull: 8
  • bathroomshalf: 3
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.061
  • lotsizeunits: Acres
  • lotsizearea: 1.061
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 32.93852398
  • longitude: -97.55943391
  • listagentfullname: Mark Costello
  • listagentemail: Mark@MovingTheMetroplex.com
  • listagentkey: 3yd-NTREIS-0666230
  • listagentmlsid: 0666230
  • listagentpreferredphone: (225) 287-0883
  • listofficekey: 3yd-NTREIS-CSTL01WF
  • listofficemlsid: CSTL01WF
  • 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: 1983
  • listagenturl: http://www.movingthemetroplex.com
  • countyorparish: Parker
  • parcelnumber: R000129714
  • elementaryschool: Reno
  • highschool: Springtown
  • elementaryschooldistrict: Springtown ISD
  • middleorjuniorschooldistrict: Springtown ISD
  • highschooldistrict: Springtown ISD
  • appliances: Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave
  • cooling: Central Air, Electric, Ceiling Fan(s)
  • constructionmaterials: BoardAndBattenSiding
  • flooring: Carpet, Vinyl
  • heating: Electric (Heating), Central
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 8
  • parkingfeatures: Carport, Driveway, Covered
  • roof: Composition, Metal
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: DecorativeDesignerLightingFixtures, EatInKitchen, GraniteCounters, HighSpeedInternet, OpenFloorplan
  • exteriorfeatures: DogRun, Lighting, RainGutters, Storage
  • rooms: Bathroom 4, Bathroom 7, Bedroom 7, Bedroom 3, Bathroom 10, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 8, Bedroom 6, Bathroom 6, Bathroom 9, Bathroom 3, Bedroom 9, Bathroom 11, Bedroom 1, Bathroom 8, Bathroom 2, Bathroom 5, Bedroom 10, Bedroom 5
  • otherstructures: Storage
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -97.55943, 32.938522
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"The Costello Group", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"Mark@MovingTheMetroplex.com", "ListBrokerageCity":"Weatherford", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"The Costello Group", "ListBrokeragePhone":"(225) 287-0883", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"3203 Deer Path Ln", "ListBrokerageWebsiteUrl":"http://www.movingthemetroplex.com", "ListOfficeAddress1":" ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"CSTL01WF", "ListOfficeCity":"Weatherford", "ListOfficeCountry":"US", "ListOfficeEmail":"Mark@MovingTheMetroplex.com", "ListOfficePostalCode":null, "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"ResidentialIncome, Reno, TX", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1060-E-Reno-Rd_Azle_TX_76020_M76181-59572?f=listhub&s=NTREIS&m=21113573&c=rexren", "MLSModificationTimestamp":"2026-09-07 18:49:06", "Neighborhoods":[{"Description":null, "Name":"R & R Little Estates"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":null, "TaxDescription":"Acres: 1.061, Lot: 1, Subd: R&R LITTLE ESTATES, G", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/7/2026 8:43:22 PM GMT
Source Updated Date: 9/12/2026 6:44:18 PM GMT

Courtesy of: Mark Costello, The Costello Group, LLC, Mark@MovingTheMetroplex.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.