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For sale
  • $1,999,990

    196 W 17th, Mount Pleasant, TX 75455

    24beds
    12,000sqft
    : 
    $12,059/mo
    Get pre-qualified
    Multi Family
    Built in 2024
    -- sqft lot
    $292,400 Zestimate®
    $167/sqft
    $-- HOA

    What's special

    Modern finishesAttached one-car garageThoughtfully designed residenceAdditional parking spaceLow-maintenance fenced backyard
    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.
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    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

        $292,400

        $278,000 - $307,000

        $1,825/mo

        Price history

        DateEventPrice
        7/24/2026Listed for sale$1,999,990+568.9%$167/sqft
        Source: NTREIS #21333929 Report a problem
        7/14/2026Listing removed$299,000$25/sqft
        Source: NTREIS #21157099 Report a problem
        4/24/2026Price change$299,000-5.1%$25/sqft
        Source: NTREIS #21157099 Report a problem
        1/14/2026Listed for sale$315,000$26/sqft
        Source: GTARMLS #26000639 Report a problem
        11/24/2025Listing removed$315,000$26/sqft
        Source: GTARMLS #25001697 Report a problem
        7/23/2025Price change$315,000-3.1%$26/sqft
        Source: GTARMLS #25001697 Report a problem
        7/11/2025Price change$325,000-5.8%$27/sqft
        Source: GTARMLS #25001697 Report a problem
        4/18/2025Price change$345,000-1.4%$29/sqft
        Source: NTREIS #20754272 Report a problem
        10/1/2024Listed for sale$350,000$29/sqft
        Source: GTARMLS #24013660 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 75455

        Getting around

        60 / 100
        Somewhat Walkable
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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