Courtesy: Century 21 Harvey Properties-P
903-785-8484
This brick duplex offers a solid investment opportunity with strong rental potential. The property features two units, one currently occupied and the other vacant—perfect for immediate showings or owner occupancy. With multiple applicants already expressing interest, demand is evident. Conveniently located near local amenities, the property provides easy access to shopping, dining, and major routes. While it does need some updating, the structure and layout offer a great foundation to add value and increase returns.
Courtesy: The Costello Group, LLC
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.
Reno is located in Texas. Reno, Texas has a population of 12,223.
The median household income in Reno, Texas is $36,415. The median household income for the surrounding county is $51,561 compared to the national median of $69,021. The median age of people living in Reno is 38 years.
The average high temperature in July is 93.9 degrees, with an average low temperature in January of 29.8 degrees. The average rainfall is approximately 46.8 inches per year, with 1.4 inches of snow per year.
