1 / 312-Unit Multifamily in La Marque, TX
Galveston County, TX · listed Aug 6, 2026 (83 days)
- $/unit
- $75,000
- ▼ 19% vs TX · 36th pct
- Cap rate
- 7%
- ▼ 0.4 pts vs TX median
- NOI
- $63K
- $5,274/unit/yr
- Units
- 12
- 1 bldg · 1971
Financials
- Asking price
- $900,000
- Price per unit
- $75,000
- Price per sq ft
- $138
- Gross rent / year
- Not stated
- Net operating income
- $63,291
- NOI per unit
- $5,274
- Cap rate
- 7%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 1971
- Building size
- 6,505 sq ft
- Avg unit size
- 542 sq ft
- Lot size
- 0.54 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 6, 2026
- Days on market
- 83 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2072
About this property
Demolay Apartments is a recently renovated multifamily property located at (address on request)reet, La Marque, Texas 77568, within the Galveston County submarket. Originally constructed in 1971 and remodeled in 2025, the property offers an opportunity to acquire an updated asset positioned to serve the growing demand for quality rental housing throughout the region. The property consists of approximately 6,505 square feet of building area situated on a 23,505-square-foot parcel. The one-story configuration provides operational efficiency and resident accessibility while supporting a tenant-friendly living environment. The recent renovation enhances the asset's marketability through updated finishes, improved functionality, and reduced near-term capital improvement needs.
Strategically located in La Marque, the property benefits from its position within Galveston County, a market supported by diverse employment sectors including healthcare, industrial, petrochemical, logistics, tourism, and port-related industries. The area's connectivity to major regional destinations, including Texas City, Galveston, and the greater Houston metropolitan area, contributes to sustained rental demand and long-term investment appeal. Demolay Apartments represents a value-enhanced multifamily opportunity with the benefits of a recently remodeled asset, an established location, and exposure to the continued economic growth and residential demand within the Galveston County submarket.
Multifamily | 12 Units | $75,000/unit
Highlights
- Recently Renovated Multifamily Asset: Property underwent a comprehensive remodel in 2025, enhancing resident appeal and reducing near-term capital expenditure requirements.
- Strategic Galveston County Location: Situated in La Marque, Texas, within the established Galveston County submarket, offering access to regional employment centers, transportation corridors, and coastal market amenities.
- Efficient Building Profile: The property features approximately 6,505 square feet of rentable building area with a one-story layout designed for operational efficiency and resident convenience.
- Well-Sized Parcel: Positioned on a 23,505-square-foot lot, providing an efficient land-to-building ratio and potential flexibility for property operations.
- Established Asset with Modern Improvements: Originally constructed in 1971, the property benefits from the character and location advantages of an established community while offering the benefits of recent modernization.
- Strong Regional Connectivity: Convenient access to key markets throughout Galveston County, including Texas City and Galveston, with connectivity to the broader Houston metropolitan area.
- Diverse Economic Drivers: The surrounding market is supported by major employment sectors including healthcare, industrial, petrochemical, logistics, tourism, and port-related industries.
- Value-Add Investment Opportunity: A renovated asset positioned to capture rental demand from residents seeking updated housing options in an established and growing submarket.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Texas City, TXNewValue-add | $550K | $69K$69K | — |
 La Marque, TXStabilized | $649K | $81K$81K | — |
| La Marque, TX High yieldValue-add | $615K | $68K$68K | 10.1% |
 La Marque, TX | $649K | $81K$81K | — |
| La Marque, TX NewHigh yieldValue-add | $615K | $68K$68K | 10.1% |
| La Marque, TX Value-add | $750K | $75K$75K | — |