1 / 2416-Unit Multifamily in League City, TX
Galveston County, TX · listed Mar 19, 2025 (588 days)
▼ Reduced 1.9% on Oct 12, 2026, was $1,795,000
- $/unit
- $110,000
- ▲ 10% vs TX · 56th pct
- Cap rate
- 6.8%
- ▼ 0.5 pts vs TX median
- NOI
- $120K
- $7,528/unit/yr
- Units
- 16
- 1 bldg · 1971
Financials
- Asking price
- $1,760,000
- Price per unit
- $110,000
- Price per sq ft
- $127
- Gross rent / year
- Not stated
- Net operating income
- $120,446
- NOI per unit
- $7,528
- Cap rate
- 6.8%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 16
- Unit mix
- (10) 2BR/1BA, (6)1BR/1BA
- Buildings
- 1
- Year built
- 1971
- Building size
- 13,890 sq ft
- Avg unit size
- 868 sq ft
- Lot size
- 1 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Mar 19, 2025
- Days on market
- 588 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Oct 12, 2026: $1.79M → $1.76M
- Location
- Approximate (~0.5 mi)
- Listing #
- 1629
About this property
Mariner Apartment Complex: 16-Units (10) 2BR/1BA, (6)1BR/1BA, Laundry Room Facility with Coin-Operated W/D's, on 1-Acre lot in League City, TX. Lots of shade & trees, 25+ parking spaces. Recent improvements: updated interiors, & AC Units. Upside in Rental Income.
Located southeast of downtown Houston, TX, this property is near the League City Historic District & not far from NASA Space Center & the Southeast Medical Center. This is a popular area for fishing & boating enthusiasts in Clear Lake & Galveston Bay, 30-minutes south to Galveston Beach. South Shore Harbour Country Club & Yacht Club, Clear Lake Shores, Kemah, Webster, Friendswood. Close to I-45, major retailers including Wal-Mart Supercenter, Home Depot, Target, Lowe's, restaurants, parks, schools, etc.
Multifamily | 16 Units | $110,000/unit
Highlights
- 16-Units that are individually metered
- Room for expansion, 1-Acre lot
- Separate Laundry Room, Coin-Operated W/D
- Desirable Unit Mix: (10)2BR/1BA, (6)1BR/1BA
- Close to NASA Space Center, Webster, Southeast Medical Center
- Popular area for boating, fishing, golf, and walking trails
- Upside in rents
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 League City, TXStabilized | $1.3M | $118K$118K | — |
 Dickinson, TXHigh yieldStabilized | $900K | $69K$69K | 8.5% |
 Seabrook, TX | $998K | $83K$83K | — |
 Dickinson, TXHigh yieldValue-add | $795K | $99K$99K | 9.4% |
 Kemah, TX | $2M | $286K$286K | — |
 Bacliff, TXStabilized | $3.5M | $292K$292K | — |