About Tbd 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.
Price Change History
| Date | Details | Price |
|---|---|---|
| May 26, 2026 | Price Reduced from $789,900 to $775,000 | $775,000 |
| May 14, 2026 | Price Reduced from $800,000 to $789,900 | $789,900 |
| Apr 22, 2026 | Price Reduced from $820,000 to $800,000 | $800,000 |
| Apr 17, 2026 | Price Reduced from $830,000 to $820,000 | $820,000 |
| Apr 1, 2026 | Price Reduced from $850,000 to $830,000 | $830,000 |
Features of Tbd E Reno Road
| MLS® # | 21113573 |
|---|---|
| Price | $775,000 |
| Bedrooms | 10 |
| Bathrooms | 8.30 |
| Full Baths | 8 |
| Half Baths | 3 |
| Acres | 1.06 |
| Year Built | 1983 |
| Type | Residential Income |
| Sub-Type | Multiple Single Units |
| Status | Active |
Community Information
| Address | Tbd E Reno Road |
|---|---|
| Subdivision | R & R Little Estates |
| City | Reno |
| County | Parker |
| State | Texas |
| Zip Code | 76020 |
Amenities
| Utilities | All Weather Road, City Water, Co-op Electric, Individual Water Meter, Overhead Utilities, Septic, Underground Utilities |
|---|---|
| Parking Spaces | 8 |
| Garages | Carport, Covered, Driveway, Gravel |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Decorative Lighting, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Open Floorplan |
|---|---|
| Heating | Central, Electric |
| Fireplace | No |
Exterior
| Exterior Features | Dog Run, Rain Gutters, Lighting, Storage |
|---|---|
| Lot Description | Cleared, Few Trees, Interior Lot, Level, Lrg. Backyard Grass |
| Roof | Composition, Metal |
| Construction | Board & Batten Siding, Siding |
| Foundation | Slab |
School Information
| District | Springtown ISD |
|---|---|
| Elementary | Reno |
| Middle | Springtown |
| High | Springtown |
Additional Information
| Date Listed | November 16th, 2025 |
|---|---|
| Days on Market | 303 |
Listing Details
| Agent | Mark Costello |
|---|---|
| Office | The Costello Group, LLC |
| Contact Info | (817) 662-2716 |