Welcome to Riata Apartments, a rare multi-family investment opportunity in Fort Worth! This 5-unit property offers a total of 3,400 SQFT and is priced at a super competitive pricing point , giving savvy investors the chance to acquire a true value-add project with exceptional upside potential.
The property includes five unique units:
Unit I 1 bed 1 bath
Unit G – Studio
Unit H – 2 bed 1 bath
Unit M – 2 bed 1 bath
Unit N – 4 bed 2 bath
This diverse unit mix allows for multiple rental strategies and broad tenant appeal, from single professionals and couples to families seeking more space. Once renovated, Riata Apartments could generate strong, stable income across a variety of lease structures.
All units require a full renovation, including flooring, kitchens, bathrooms, paint, roof, electrical, plumbing, and appliances. While the property is currently in rough condition, it represents the perfect blank canvas for investors with vision. With the right rehab plan, Riata Apartments can be transformed into a modern, attractive multi-family community positioned to serve the strong rental demand in Fort Worth.
The surrounding area continues to see robust population and job growth, making affordable rentals a sought-after commodity. At this price point, the cost per square foot and per unit is well below market averages, leaving plenty of room for value-add improvements and long-term equity growth.
Bring your contractor and your creativity—this is not just a property, it’s a business opportunity. Whether your goal is buy-and-hold for cash flow, reposition and refinance, or renovate and resell, Riata Apartments offers the framework for exceptional returns in one of Texas’ most dynamic rental markets.
Listed by Nir Sheinbein
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Texas Ally Real Estate Group
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858-539-5219
Last updated October 06, 2025
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Source: NTREIS #21066950
Listing Facts
TypeMulti-family
NeighborhoodHillside
Days on Prevu30
Amenities
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
09/22/2025
Listed by Texas Ally Real Estate Group
$249,999
Property Details for 2265 Evans
Exterior
Construction
Number Of Units Total: 5
Roof: Asphalt
Year Built: 1934
Year Built Details: Preowned
Construction Materials: Brick, Frame
Measurements
Building Area Total: 3,410
Lot Size Acres: 0.16
Lot Size Area: 7,000
Lot Size Square Feet: 7,000
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 02855615
Interior
Features
Flooring: Laminate
Interior Features: Other
Other
Location
Subdivision Name: SOUTHLAND
Parking
Parking
Parking Features: Asphalt
Schools
Elementary School
Elementary School: Carrollpea
Utilities
Equipment
Cooling: Multi Units
Heating: Central
Utilities: City Sewer, City Water, Electricity Available
Based on information from NTREIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.