1. What are the best rental investment properties for sale in Texas in October 2026?

Six featured Texas investment opportunities range from $560,000 to $1.2 million in targeted purchase price, including duplexes, fourplexes, short-term rentals, and a 12-unit multifamily property. Locations include Dallas, Fort Worth, Austin, Houston, Lewisville, and San Antonio. The properties offer different strategies, including long-term rental income, furnished short-term rentals, and value opportunities through below-asking offers.

2. Can I buy a multifamily investment property in Texas for under $800,000?

Yes. A duplex at 8324 Lullwater Drive in Dallas is listed for $560,000 with indicated rental income of $4,200 per month. A new-construction duplex at 2841 8th Avenue in Fort Worth is listed for $634,500 with projected rent of $6,400 per month and up to $10,000 in seller closing-cost assistance. A fourplex at 7200 Creekside Drive in Austin is listed for $795,000, with a suggested purchase target of $725,000 and projected full-occupancy rent of $6,870 per month.

3. How much revenue can a short-term rental property generate in Texas?

Revenue varies by location, occupancy, amenities, and management strategy. A five-bedroom short-term rental at 2305 Clearview Court in Lewisville averaged $139,065 in annual gross revenue from 2023 through 2025. Two furnished Houston STRs at 503 Altic Street and 5502 Texas Street generated a combined $111,625 from August 2025 through July 2026. A proposed 12-unit STR conversion in San Antonio models approximately $324,558 in annual gross revenue at a $95 average nightly rate and 78% occupancy, subject to local permitting and operating feasibility.

4. Is a 12-unit apartment building in San Antonio a good investment?

The renovated 12-unit multifamily property at 204 E Rosewood Avenue in historic Monte Vista is listed for $1.35 million, with a suggested acquisition target of $1.2 million, or $100,000 per apartment. At $1,100 in projected monthly rent per unit, full occupancy would produce $158,400 in annual gross scheduled rent before expenses. Investors can evaluate long-term rentals as well as furnished rental strategies, subject to applicable permits, operating costs, and financing.

5. How much cash do I need to purchase a rental investment property in Texas?

With a 25% down payment and estimated closing costs of 1% of the purchase price, investors can initially estimate cash needed at 26% of the acquisition price. For example, a $560,000 Dallas duplex requires approximately $145,600, a $725,000 Austin fourplex requires approximately $188,500, and a $1.2 million San Antonio multifamily property requires approximately $312,000. These estimates exclude reserves, furnishing expenses, rehabilitation costs, and other lender-specific requirements.

Top 6 Deals. $560K–$1.2M. Up to $324K/yr STR Revenue!

SUMMARY: a San Antonio 12-plex I'm targeting $150K below asking, a lake-view Airbnb averaging $139K annually, two turnkey Houston STRs built in 2023, an Austin fourplex for $725K, a brand-new Fort Worth duplex with a $10K seller credit, and a tenant-occupied Lake Highlands duplex in one of Dallas's most desirable neighborhoods.

1) San Antonio Park-Like 12-Unit at $100K/Door — $1.2M Target
LTR: Cap 9.04% | CoC 12.32% | Cash Needed $312,000 | Built 1943
STR: Cap 11.92% | CoC 23.40% | Projected Revenue $324,558/Year
$13,200/month in projected long-term rent, or $324,558 annually as an STR assuming $95 nightly rates and 78% occupancy across 12 renovated one-bedroom apartments. This is an absolutely stunning property in historic Monte Vista, with three brick buildings, covered parking, and access to The Pearl and downtown. Currently listed at $1.35M, I believe we can land this around $1.2M given the soft multifamily market, and my team can help with furnishing, permitting, and launching an STR operation before year-end, ask about our STR Launch Service. Subject to city approvals.
204 E Rosewood Ave San Antonio TX 78212

2) DFW (Lewisville Lake) Luxury STR Averaging $139K — $950K
Cap 5.82% | CoC 8.36%* | Cash Needed $247,000 | Built 1999
$139,065 in average annual gross revenue from 2023–2025, with $114,903 already reported in 2026. This is a beautiful, furnished five-bedroom home on approximately half an acre, with Lake Lewisville views, a private pool, jacuzzi, and three-level deck. The secluded lake-area setting, space for 14 guests, and reported part-time operating history make this an interesting property to evaluate for more consistent rental use. Lewisville's $29.1M Lake Park redevelopment plan includes improvements to beaches, boat ramps, docks, and recreational facilities. *assumes self-managed
2305 Clearview Ct Lewisville TX 75057

3) Houston Two Turnkey STRs Producing $111K — $920K
Cap 3.35% | CoC -2.56%* | Cash Needed $239,200 | Built 2023
$111,625 in combined gross revenue from August 2025 through July 2026 across two furnished, 2023-built short-term rentals. At $460K per property, you're acquiring two newer three-bedroom homes with private hot tubs, outdoor entertaining spaces, and existing operating histories. The 2023 construction and established rental operations eliminate much of the initial furnishing and setup work, although even owner-management underwriting shows that revenue improvement is needed to achieve positive cash flow. All furnishings pictured are included in the sale. *assumes self-managed.
503 Altic St Houston TX 77011 & 5502 Texas St Houston TX 77011

4) Austin Fourplex Projecting $6,870/Month — $725K Target
Cap 6.25% | CoC 1.59% | Cash Needed $188,500 | Built 1971
$6,870/month in projected rent at full occupancy across four units in Northeast Austin. Two units are already leased through spring 2027, while the other two are available for immediate lease-up, with a mix of two- and three-bedroom floor plans. The asking price is $795K, but I'm underwriting a $725K purchase given market softening. Nearby ACC Highland anchors an 81-acre mixed-use redevelopment with education, employment, retail, and residential space.
7200 Creekside Dr Austin TX 78752

5) Fort Worth New Duplex with $10K Lease-Up Credit — $634,500
Cap 7.40% | CoC 6.03% | Cash Needed $164,970 | Built 2026
$6,400/month in projected rent from two brand-new three-bedroom units near TCU and Fort Worth's Medical District. The seller is offering up to $10,000 toward closing costs, which helps offset the estimated four-to-six-week initial lease-up period. Each unit has its own garage, modern finishes, and nearly 1,700 square feet of living space, making this an interesting long-term rental or house-hacking option. TCU's Burnett School of Medicine has completed its approximately 100,000-square-foot medical education building in the nearby Medical Innovation District which will fuel additional tenant demand long term.
2841 8th Ave Fort Worth TX 76110

6) Dallas Lake Highlands Duplex at $4,200/Month — $560K
Cap 5.26% | CoC 0.20%* | Cash Needed $145,600 | Built 1967
$4,200/month in indicated rent across two spacious two-bedroom, two-bathroom units, subject to verifying the current rent roll. This tenant-occupied duplex sits in established Lake Highlands near White Rock Lake, with 2,752 square feet, flexible living areas, covered outdoor space, and no HOA. The main attraction is owning income-producing real estate in a desirable established Dallas location, particularly for an owner willing to self-manage. Nearby White Rock Lake is a 1,015-acre Dallas recreation destination featuring a 9.33-mile trail and the 66-acre Dallas Arboretum. *assumes self-managed.
8324 Lullwater Dr Dallas TX 75218

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