- – beds
- – baths
- 31,481 sqft
- ~2 acre lot
- $111 per sqft
- 1965 build
- – on site
Welcome to this exceptional 38-unit multifamily community located in the heart of Gainesville, Texas. This well maintained property offers a rare investment opportunity with strong occupancy and a stable income. Situated on a spacious lot in a quiet, residential neighborhood, the complex features a mix of one to three bedroom units, thoughtfully designed for comfortable living. Select units have been recently updated with modern finishes, offering immediate appeal to tenants and upside potential for investors. The property includes an onsite laundry facility and is within close proximity to local schools, shopping and dining. Whether you're expanding your portfolio or entering the multifamily space, this Gainesville asset presents a compelling blend of cash flow and future growth potential.
Last checked:
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Last updated May 31, 2025
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MLS# 20953706 —
The Building
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Year Built:1965
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Year Built Details:Preowned
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Accessibility Features:No
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Roof:Composition
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Foundation Details:Concrete Perimeter
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Levels:Two
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Construction Materials:Brick, Wood
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Building Area Total:31481.00
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Building Area Source:Assessor
Interior
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Interior Features:Cable TV Available
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Flooring:Laminate
Location
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Directions:Corner of Dixon St and Hird St, Gainesville
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Latitude:33.61468800
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Longitude:-97.14613000
The Property
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Property Type:Residential Income
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Property Subtype:Apartment
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Parcel Number:23648
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Lot Size SqFt:79627.6800
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Lot Size Acres:1.8280
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Lot Size Area:1.8280
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Lot Size Units:Acres
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# of Buildings:38
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Will Subdivide:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:107
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Tax Legal Description:GAINESVILLE ADDN; BLOCK 107; TR 3 - SHADOWOOD
Heating & Cooling
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Heating:Electric, None
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Cooling:Wall Unit(s)
Utilities
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Utilities:City Sewer, City Water
Appliances
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Appliances:Dishwasher, Electric Range
Schools
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School District:Gainesville ISD
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Elementary School:Edison
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Elementary School Name:Edison
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Jr High School Name:Gainesvill
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Intermediate School Name:Lee
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High School Name:Gainesvill
The Community
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Subdivision Name:Gainesville Add
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Pool:No
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Association Type:None
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Complex Name:Shadowood Apartments
Parking
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# of Parking Spaces:38
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Parking Features:Additional Parking
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).