24-Unit Multifamily in San Angelo, TX

Harris Avenue Apartments presents an opportunity to acquire a well-located 24 Unit multifamily investment near Downtown San Angelo and across the street from the Shannon Medical Main Campus and new Surgery Centers.

The property consists of two, 2-story apartment buildings totaling approximately 19,100 SF on 0.80 acres. attractive brick exterior, established landscaping, ample on-site parking, and functional apartment interiors with a good mixture of 1 and 2 bedroom options. Originally constructed in 1972, the property has undergone several renovations. Within the past five years, most interiors have been upgraded with a mixture of tile and vinyl wood flooring, appliance upgrades, etc. Metal pitched roofs on both brick buildings, covered walkways, balconies and patios facing a courtyard. The pool was filled in 2025 to make way for either a picnic and seating area or potentially a dog park, etc. The laundry room was renovated in 2026.

Multifamily | 24 Units | $50,000/unit

Harris Avenue Apartments presents an opportunity to acquire a well-located 24 Unit multifamily investment near Downtown San Angelo and across the street from the Shannon Medical Main Campus and new Surgery Centers. 2026 Appraisal provides a value of $1.2M with a 9% Cap Rate on Proforma.

The property consists of two, 2-story apartment buildings totaling approximately 19,100 SF on 0.80 acres. attractive brick exterior, established landscaping, ample on-site parking, and functional apartment interiors with a good mixture of 1 and 2 bedroom options. Originally constructed in 1972, the property has undergone several renovations. Within the past five years, most interiors have been upgraded with a mixture of tile and vinyl wood flooring, appliance upgrades, etc. Metal pitched roofs on both brick buildings, covered walkways, balconies and patios facing a courtyard. The pool was filled in 2025 to make way for either a picnic and seating area or potentially a dog park, etc. The laundry room was renovated in 2026.