This attractive multi-family investment property offers a strong combination of dependable rental appeal, durable construction features, and practical tenant amenities. Although Tax records reflect a Cleburne, Texas address, the property is more commonly recognized as being located in Keene, Texas, providing convenient access to both communities and surrounding growth corridors. Property is only minutes from Chisholm Trail Parkway. The Property consists of one fourplex building and three triplex buildings situated on appx 5.58 acres, creating a spacious residential setting with a total of 13 income-producing units. The fourplex includes covered two-car carports, while the triplex buildings feature integrated carport designs that provide convenient covered parking for residents and contribute to the property's cohesive appearance and functionality. All units are thoughtfully designed with spacious two-bedroom, two-bath floor plans that appeal to a broad tenant base. Residents enjoy comfortable living spaces enhanced by walk-in closets in the bedrooms, dedicated washer and dryer rooms for full size appliances, and fully equipped kitchens with dishwasher included in every unit. Each residence is equipped with central heating and air conditioning, with the majority of the units consisting of quality Crane HVAC units, supporting reliable climate and long-term operational efficiency. The interiors feature stained concrete throughout, offering an attractive, modern appearance combined with durability and ease of maintenance -an ideal feature for long-term property ownership and reduced turnover costs. Significant recent capital improvements have already been completed, including newer roofs on all buildings with roof ages ranging between 12 and 16 months. These recent upgrades help minimize near-term maintenance concern. The property is supported by a combination of two septic systems. Opportunity to buy additional investment property, MLS #21289495
For sale
$2,600,000
4505 County Road 805f, Cleburne, TX 76031
26beds
15,680sqft
Triplex, Multi Family
Built in 2015
-- sqft lot
$2,399,300 Zestimate®
$166/sqft
$-- HOA
What's special
Quality crane hvac unitsSpacious residential settingIntegrated carport designsCovered two-car carports
- 34 days |
- 228 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Rebecca Smith 0445007,
Dalton Wade, Inc. 727-888-4175
Source: NTREIS,MLS#: 21289453
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 26
- Bathrooms: 26
- Full bathrooms: 26
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Electric Oven, Microwave, Refrigerator
Features
- Walk-In Closet(s)
- Flooring: Concrete
Interior area
- Total structure area: 15,680
- Total interior livable area: 15,680 sqft
Video & virtual tour
Property
Parking
- Total spaces: 26
- Parking features: Attached Carport, Concrete
- Carport spaces: 13
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 5.59 Acres
- Features: Interior Lot
Details
- Parcel number: 126354300030
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 2015
Utilities & green energy
- Sewer: Aerobic Septic, Septic Tank
- Water: Community/Coop
- Utilities for property: Electricity Available, Electricity Connected, Septic Available, Water Available
Community & HOA
Community
- Subdivision: Smiling Hills
HOA
- Has HOA: No
Location
- Region: Cleburne
Financial & listing details
- Price per square foot: $166/sqft
- Tax assessed value: $1,847,796
- Annual tax amount: $32,397
- Date on market: 6/3/2026
- Cumulative days on market: 35 days
- Exclusions: Tenant belongings
- Road surface type: Gravel
Estimated market value
$2,399,300
$2.28M - $2.52M
$1,459/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Listed for sale | $2,600,000$166/sqft |
Source: NTREIS #21289453 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $32,397 +5.1% | $1,847,796 +4.6% |
| 2024 | $30,820 +32.9% | $1,766,909 +20% |
| 2023 | $23,183 +31.4% | $1,472,424 +50% |
| 2022 | $17,646 -1.2% | $981,614 |
| 2021 | $17,865 +15.8% | $981,614 +25.5% |
| 2020 | $15,424 | $781,926 |
| 2019 | $15,424 -6.1% | $781,926 |
| 2018 | $16,433 -3.7% | $781,926 |
| 2017 | $17,058 +0.1% | $781,926 |
| 2016 | $17,044 +54.8% | $781,926 +40.3% |
| 2015 | $11,010 | $557,464 |
| 2014 | $11,010 | $557,464 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
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Climate risks
Neighborhood: 76031
Nearby schools
GreatSchools rating
- 9/10A G Elder Elementary SchoolGrades: PK-5Distance: 4.1 mi
- 8/10Tom And Nita Nichols MiddleGrades: 6-8Distance: 2.9 mi
- 8/10Joshua High School Ninth Grade CampusGrades: 9Distance: 4.3 mi
Schools provided by the listing agent
- Middle: Tom and Nita Nichols,Joshua
- High: Joshua
- District: Joshua ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Johnson County
- Cleburne
- 76031
- 4505 County Road 805f