High yieldStabilized
$960,000
12-Unit Multifamily in Beeville, TX
Bee County, TX · listed May 2, 2025 (544 days)
Price per unit compared
This property$80K
Within ~40 mi (12)$79K
Texas median (1,196)$92K
- $/unit
- $80,000
- ▼ 13% vs TX · 39th pct
- Cap rate
- 7.5%
- ▲ 0.1 pts vs TX median
- NOI
- $72K
- $5,974/unit/yr
- Units
- 12
- 2 bldg · 1968
Financials
- Asking price
- $960,000
- Price per unit
- $80,000
- Price per sq ft
- $101
- Gross rent / year
- $144,000avg rent × units
- Net operating income
- $71,690
- NOI per unit
- $5,974
- Cap rate
- 7.5%
- Gross yield
- 15%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- Not stated
- Buildings
- 2
- Year built
- 1968
- Building size
- 9,504 sq ft
- Avg unit size
- 792 sq ft
- Lot size
- 1.4 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 2, 2025
- Days on market
- 544 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2084
About this property
SOL Apartments is a fully occupied, 12-unit multifamily community in Beeville, TX, offered at $960,000 ($80,000/unit). Built in 1968 and continuously improved under stable, long-term ownership, the property combines a documented capital improvement program with in-place rents that already exceed the submarket's underwritten market-rent ceiling.
- 100% occupied — no lease-up risk. Comparable Beeville multifamily assets on market today are priced off a pro-forma story at 79–87% occupancy; SOL delivers its return today.
- In-place average rent of ~$1,000/unit already exceeds the ~$950 market-rent ceiling used to underwrite the closest Beeville comps.
- 2025 actual NOI of $71,690.77, validating the 7.47% in-place cap rate at the $960,000 asking price.
- Documented 2025 capital program including a new roof
- Renovated unit interiors — new flooring, cabinetry, and stainless appliances (see photos).
- On-site coin-op laundry, private courtyard entries, and covered parking / storage for tenants.
On-Site laundry; Storage; Covered Parking; Private Yards
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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|---|---|---|---|
 Beeville, TXHigh yieldStabilized | $2.24M | $80K$80K | 8.5% |
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 Beeville, TXHigh yieldValue-add | $1.82M | $76K$76K | 7.9% |
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 Three Rivers, TXHigh yieldStabilized | $1.2M | $60K$60K | 8.1% |
 Corpus Christi, TXNew | $1.09M | $91K$91K | — |