20-Unit Multifamily in Beeville, TX
Bee County, TX · listed Jun 18, 2026 (132 days)
- $/unit
- $60,000
- ▼ 35% vs TX · 23rd pct
- Cap rate
- 8.6%
- ▲ 1.2 pts vs TX median
- NOI
- $103K
- $5,144/unit/yr
- Units
- 20
- 5 bldg · 1995
Financials
- Asking price
- $1,200,000
- Price per unit
- $60,000
- Price per sq ft
- Not stated
- Gross rent / year
- Not stated
- Net operating income
- $102,870
- NOI per unit
- $5,144
- Cap rate
- 8.6%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 20
- Unit mix
- Not stated
- Buildings
- 5
- Year built
- 1995
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- 1.18 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 18, 2026
- Days on market
- 132 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1097
About this property
Colonial Apartments is a compelling opportunity to acquire a stabilized, cash-flowing multifamily asset with embedded 75% upside in Beeville, Texas.
The investment is anchored by 20 operational units across 115 and (address on request), delivering immediate in-place income. These units are efficiently designed (~440SF each), well-suited to the local workforce rental base, and provide a reliable foundation for consistent occupancy and collections.
What differentiates this offering is the additional three structures included in the sale, which create a clear path for future income expansion. These buildings offer an investor the ability to Renovate and bring 15 additional units online for an increase of ~$111,600 income.
This property allows a buyer to acquire with stabilized income already in place, while retaining significant upside through phased improvements and lease-up of the ancillary buildings.
OPPORTUNITY TO ADD ~$112,000 INCOME WITH 15 ADDITIONAL UNITS
Highlights
Investment Highlights:
- 20 income-producing units (core asset)
- Additional buildings included for value-add expansion of 15 units
- Efficient unit sizes aligned with strong workforce demand
- Favorable basis with both yield and upside
- Clear path to NOI growth
For investors seeking a hybrid profile—current cash flow with scalable upside—Colonial Apartments stands out as a highly actionable opportunity.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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|---|---|---|---|
 Beeville, TXHigh yieldValue-add | $1.82M | $76K$76K | 7.9% |
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 Beeville, TXHigh yieldStabilized | $2.24M | $80K$80K | 8.5% |
 Beeville, TXHigh yieldValue-add | $1.76M | $73K$73K | 8.3% |
 Three Rivers, TXHigh yieldStabilized | $1.2M | $60K$60K | 8.1% |
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