$10,000 Closing Credit¹
#24016948, Derek Harris, Listing office: Leslie Cain Realty, LLC
$899,900 List price
11722 Fm 16 W Lindale, TX 75771
$10,000
Closing credit¹
8 beds
8 full, 4 partial
1.0 acres
Multi-Family
Property details
About 11722 Fm 16 W
Rare luxury investment property opportunity in Lindale! Fourplex with multiple investment strategies already in play. 2 bedrooms and 2.5 baths per unit including full upscale kitchen, laundry area, open concept living and level 2 Tesla chargers in all units! 2 units currently used as Mid-term rentals, 1 unit as Short-term and 1 unit as Long-term. Maximum rental potential already achieved and all you have to do is continue the plan! 3 units are fully furnished including all appliances and everything needed to continue the current strategy will convey! Come see this exceptional opportunity in one of the highest rated school districts in East Texas which equates to AWESOME rent rates and LOW VACANCIES. Call today to schedule a tour!
Highlights
Home typeQuadruplex
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Electric
Lot size1.002 Acres
Year built2023
ParkingElectric Vehicle Charging Station(s), Garage, Garage Door Opener
MLS #20806934
Attached garage1 space
Virtual tour
Summary
- Partial Bathrooms: 4
- Full Bathrooms: 8
- Appliances: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
- Flooring Type: Carpet, Ceramic Tile, Vinyl
- Interior: Cable TV
- Total Bedroom Count: 8
- Garage Space: 1 space
- Attached Garage: Yes
- Parking: Electric Vehicle Charging Station(s), Garage, Garage Door Opener
- Heating: Central, Electric
- Cooling: Central Air, Electric
- List Price: $899,900
- Annual Tax Amount: $379
- Tax Year: 2023
- Directions: From downtown Lindale head East on FM 16. Property is on the left.
- Year Built: 2023
- Lot Size: 1.002 Acres
- MLS Number: 20806934
- MLS Name: NTR
- Office Name: Leslie Cain Realty
- Office Phone: (903) 594-8721
- Listing Agent: Stacey Harris
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Last updated on: 6/16/2025, 3:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$899,900
11722 Fm 16 W
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $24,324 | $379 |
History based on county public records data.
Nearby schools
7
College Street Elementary School
Public District 1-3
3.2 mi
•106 N College St
9
Velma Penny Elementary School
Public District 1-3
3.7 mi
•1000 Mount Sylvan St
7
Hawkins Elementary School
Public District PK-5
9.7 mi
•179 Hawk Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $59,036. The majority of Lindale, TX residents have income between $35k-100k annually. Typical family type is married, with kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
30%
<35k
49%
35k-100k
17%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
25%
Single, No Kids
9%
Single, with Kids
32%
Married, No Kids
34%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
11%
12-17 yrs old
17%
18-34 yrs old
40%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Academy Sports & Outdoors
Bass Pro Shops
Wal-Mart
Where do the neighbors go to eat?
Jimmy Johns
Hardee's
Applebees
What do the neighbors drive?
Chevrolet
GMC
Ram
What do the neighbors listen to?
New Country
Classic Country- Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 11722 Fm 16 W
The listing price of 11722 Fm 16 W property is $899,900.
The property 11722 Fm 16 W is a multi located in Lindale, Texas, 75771.
Active Listing: 11722 Fm 16 W is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 11722 Fm 16 W are: College Street Elementary School (GreatSchools Rating 7/10), Velma Penny Elementary School (GreatSchools Rating 9/10), Hawkins Elementary School (GreatSchools Rating 7/10), E J Moss Intermediate School (GreatSchools Rating 7/10), Lindale Jr High School (GreatSchools Rating 9/10), Winona Middle School (GreatSchools Rating 8/10), Lindale High School (GreatSchools Rating 7/10), Hawkins High School / Middle School (GreatSchools Rating 6/10), Winona High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $379 (source: MLS/based on county public records data).
The year of construction for 11722 Fm 16 W is 2023.
This home is located at 11722 Fm 16 W in Lindale, TX and zip code 75771. Features: 8 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since January 2, 2025 and is currently priced at $899,900.
In May 2025 more than 2 listings in Lindale, TX were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 8 were sold below. The number of homes for sale in Lindale, TX increased by 8.3% between April and May 2025. The median list price of listings available in May 2025 was $350,000, while the average time on the real estate market was 81 days.
From Rocket Homes Real Estate and based on county public records data.