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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. |
