8.42% Cap Rate - 100% Leased 8 New Construction Quality Build Townhouses! Rare opportunity to acquire a newly constructed eight-unit townhome investment portfolio in Mount Pleasant, Texas. Investment portfolio consisting of eight attached townhome units, each with its own address, being offered and sold as one complete package.
Built in 2024, each thoughtfully designed residence features approximately 1,500 square feet with 3 bedrooms, 2.5 bathrooms, an attached one-car garage, an additional parking space, and a Low-maintenance fenced backyard.
All eight units are currently income-producing, with seven leased to long-term tenants and one operating as a successful Airbnb, providing immediate cash flow and diversified income potential. Whether you're expanding an existing rental portfolio, completing a 1031 exchange, or seeking a turnkey income-producing investment, this unique offering delivers immediate cash flow with long-term appreciation potential and future investment flexibility.
Ideally located just minutes from CHRISTUS Health – Mount Pleasant Hospital, the recently opened CHRISTUS Health Mount Pleasant Emergency Care Center and multispecialty clinic, shopping, restaurants, schools, and major employers, Mount Pleasant serves as the commercial and healthcare hub of Northeast Texas. The nearby expansion of CHRISTUS Health further strengthens the area's long-term employment base and supports consistent rental demand from healthcare professionals, local residents, and area employers.
Constructed in 2024, this portfolio offers investors the benefits of newer construction, modern finishes, and reduced near-term capital expenditures compared to older multifamily properties.
Property is being offered for sale as one complete investment portfolio. Rent roll, lease information, Airbnb performance, and financial information are available to qualified buyers upon request.
For sale
$1,999,990
196 W 17th, Mount Pleasant, TX 75455
24beds
12,000sqft
Multi Family
Built in 2024
-- sqft lot
$1,878,900 Zestimate®
$167/sqft
$-- HOA
What's special
Modern finishesAttached one-car garageThoughtfully designed residenceAdditional parking spaceLow-maintenance fenced backyard
- 54 days
- 230
- 13
Zillow last checked:
Listing updated:
Listed by:
Richard Guilliams 0598248 469-831-6893,
Luxe Estates Realty, LLC 469-831-6893
Source: NTREIS,MLS#: 21333929
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 26
- Full bathrooms: 18
- 1/2 bathrooms: 8
Heating
- Central, Natural Gas
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Some Gas Appliances, Built-In Gas Range, Dishwasher, Disposal, Gas Water Heater, Microwave, Plumbed For Gas, Refrigerator
Features
- Decorative/Designer Lighting Fixtures, Eat-in Kitchen, High Speed Internet, Kitchen Island, Open Floorplan, Cable TV
- Flooring: Luxury Vinyl Plank
- Has basement: No
Interior area
- Total structure area: 12,000
- Total interior livable area: 12,000 sqft
Video & virtual tour
Property
Parking
- Total spaces: 16
- Parking features: Direct Access, Door-Single, Driveway, Enclosed, Garage, Garage Door Opener, Garage Faces Rear
- Has attached garage: Yes
- Covered spaces: 1
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Fencing: Back Yard,Wrought Iron
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 256243
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Other
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Other, Sewer Available, Separate Meters, Water Available, Cable Available
Community & HOA
Community
- Subdivision: Ford Highlands Add
HOA
- Has HOA: No
Location
- Region: Mount Pleasant
Financial & listing details
- Price per square foot: $167/sqft
- Tax assessed value: $362,770
- Annual tax amount: $2,460
- Date on market: 7/24/2026
- Listing terms: Cash,Conventional,1031 Exchange
- Exclusions: Tenants personal furniture and personal belongings.
Estimated market value
$1,878,900
$1.78M - $1.97M
$1,199/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2026 | Listed for sale | $1,999,990+568.9%$167/sqft |
Source: NTREIS #21333929 Report a problem | ||
| 7/14/2026 | Listing removed | $299,000$25/sqft |
Source: NTREIS #21157099 Report a problem | ||
| 4/24/2026 | Price change | $299,000-5.1%$25/sqft |
Source: NTREIS #21157099 Report a problem | ||
| 1/14/2026 | Listed for sale | $315,000$26/sqft |
Source: | ||
| 11/24/2025 | Listing removed | $315,000$26/sqft |
Source: GTARMLS #25001697 Report a problem | ||
| 7/23/2025 | Price change | $315,000-3.1%$26/sqft |
Source: | ||
| 7/11/2025 | Price change | $325,000-5.8%$27/sqft |
Source: | ||
| 4/18/2025 | Price change | $345,000-1.4%$29/sqft |
Source: NTREIS #20754272 Report a problem | ||
| 10/1/2024 | Listed for sale | $350,000$29/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,460 -12.7% | $362,770 +98.3% |
| 2024 | $2,819 +133.1% | $182,952 |
| 2023 | $1,209 -1.2% | $182,952 +11.1% |
| 2022 | $1,224 -2.9% | $164,657 +5% |
| 2021 | $1,260 | $156,816 |
| 2020 | -- | $156,816 |
| 2019 | -- | $156,816 |
| 2018 | -- | $156,816 |
| 2017 | -- | $156,816 |
| 2016 | -- | $156,816 |
| 2015 | -- | $156,816 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 75455
Nearby schools
Schools provided by the listing agent
- Elementary: Vivian Fowler
- Middle: Wallace,Mount Pleasant
- High: Mount Pleasant
- District: Mount Pleasant ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.