Rare opportunity to own a fully renovated, bulletproof multi-unit investment property on one acre in Reno, TX, just minutes from all the shopping, dining, and conveniences of Azle. This unique setup includes four income-producing units across three separate homes—two single-family residences plus one duplex—all renovated over the last two years with stud-to-stud upgrades well beyond market standards. Every major component has been replaced, including roofs, septic systems, HVAC, insulation, flooring, kitchens, baths, paint, and more. Zero deferred maintenance and no upcoming cap-ex make this a true turnkey asset. Each unit features its own private fenced backyard, dedicated driveway parking, and two covered carport spaces. Individual water and electric meters are installed for all units, and each dwelling includes its own exterior storage building. Designed for longevity and low maintenance, this property offers excellent stability with three units leased and one single-family home intentionally left vacant for potential owner-occupancy or new leasing—previously rented for $1,850 per month. 8.2% Projected Cap Rate thanks to the zero deferred maintenance upkeep! Located within Springtown ISD, the property offers a quiet, small-town feel with quick access to nearby urban conveniences. An adjoining parcel may also be available for purchase and includes utilities, three-phase electric service, and an approx. 6,400 sq ft shop with separate work and office areas—including restrooms—offering additional income potential or space for a business operation. Situated on a corner lot, the expansion option provides outstanding accessibility for contractors, business owners, or investors looking to grow their residential or commercial portfolio. This is a truly rare chance to acquire a turnkey, fully modernized, low-risk investment property with multiple paths for income, expansion, and owner-occupancy flexibility.
Amazing opportunity to own near 2 acres of beautifully grassed farmland ready for you to bring your home plans and make this little piece of Azle, Texas yours! Located near schools, dining, and shopping, this property would make a peaceful place to build your home while enjoying all the modern conveniences. Buyer to provide survey. Two lots being sold together in separate transactions. Reference also MLS # 20782743
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Vacant Land
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Parker County
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Last updated by owner on Dec 18, 2025.
Historical weather
Azle, TX • 76020
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Sun exposure
96/ 100
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There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
6.2 hrs
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Provided by Shadowmap
Redfin Estimate for TBD E Reno Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently listed between $369,900 and $558,829.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $370K to $559K.