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$ 395,000
Est. payment | /mo
0.43 Acres Lot
$ 395,000
Est. payment | /mo
0.43 Acres Lot
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Subdivision Tx
MLS Listing ID 26008555
Lot Size 0.430 Acres
Acres 0.43
Lot Dimensions 200x345
Property Sub-Type Building
Property Description
220 S Bois D Arc Street is a 100% occupied, four-unit multifamily property in Canton, Texas, the Van Zandt County seat. The building totals 2,940 square feet on a 0.43-acre lot and was constructed in 1970 with an effective year of 2005. All four units are currently leased, generating $4,525 in monthly rental income. The asset has a proven income history. It produced net operating income of $30,534 in 2024 and $32,557 in 2025. Offered at $395,000, the property represents an 8.2% capitalization rate on 2025 net operating income. In-place rents range from $1,075 to $1,275, with three units on flexible month-to-month terms that give a new owner the ability to mark rents to market or reposition without waiting out long-term leases. Canton anchors a stable rental market driven in large part by First Monday Trade Days, the nationally recognized flea market that draws consistent visitor traffic to the area throughout the year. Small multifamily product trades thinly in this submarket, which makes well-maintained, fully occupied assets like 220 S Bois D Arc difficult to replace and attractive to local and regional investors seeking durable cash flow.
Location
State TX
County Van Zandt
Area Van Zandt
Zoning Other/See Remarks
Exterior
View Y/N No
Listed by Sam Scarborough • Scarborough Commercial Real Estate
Nearby Locations
Top 1% Real Estate Team in Texas
Over $2 Billion in Total Sales