1 / 12Value-add
$1,150,000
16-Unit Multifamily in Wharton, TX
TX · listed Aug 19, 2026 (70 days)
Price per unit compared
This property$72K
Within ~40 mi (29)$120K
Texas median (1,029)$100K
- $/unit
- $71,875
- ▼ 28% vs TX · 26th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 16
- 1940
Financials
- Asking price
- $1,150,000
- Price per unit
- $71,875
- Price per sq ft
- $90
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 16
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 1940
- Building size
- 12,816 sq ft
- Avg unit size
- 801 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 19, 2026
- Days on market
- 70 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1149
About this property
Well-kept 16-unit apartment community in the heart of Wharton, currently 100% occupied and performing with strong, stable rental income. Fifteen of the sixteen units have been updated, offering clean and functional living spaces that attract long-term tenants. The property sits on a spacious tract with room to add additional units, creating an excellent value-add opportunity for investors. Conveniently located near shopping, dining, schools, and major town amenities, 513 Caney Apartments delivers reliable occupancy, modern updates, and expansion potential in a high-demand rental market.
Multi-family
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Wharton, TXStabilized | $2.5M | $156K$156K | — |
 Richmond, TX | $799K | $89K$89K | — |
 Rosenberg, TXHigh yieldStabilized | $770K | $70K$70K | 8.5% |
 Rosenberg, TX▼ 18% cut | $575K | $58K$58K | — |
| Sealy, TX High yieldStabilized | $675K | $96K$96K | 10.7% |
 Houston, TXNew | $1.5M | $94K$94K | — |