35-Unit Multifamily in Taft, TX
San Patricio County, TX · listed Oct 13, 2026 (15 days)
- $/unit
- $40,000
- ▼ 60% vs TX · 2nd pct
- Cap rate
- —
- Gross yield
- —
- Units
- 35
Financials
- Asking price
- $1,400,000
- Price per unit
- $40,000
- Price per sq ft
- $53
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 35
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- 26,570 sq ft
- Avg unit size
- 759 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 13, 2026
- Days on market
- 15 days
- On MultifamilyRadar
- Oct 29, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2249
About this property
Matthews is pleased to bring to market The Lofts at Taft, a 35-unit multifamily portfolio at (address on request) & (address on request) in Taft, TX, spanning approximately 26,570 square feet across two nearby properties with an average unit size of 759 square feet. Recent ownership investment of more than $335,000, including major roof replacements, has significantly reduced near-term capital needs, and the properties sit within walkable proximity to Taft Junior High and Taft High School. Investors can unlock additional value through continued interior renovations, RUBS implementation, washer/dryer rentals, monetizing covered parking, and an additional 0.34-acre parcel across from the Fetick Avenue property that adds flexibility for future expansion or development. Situated roughly 20 miles from Corpus Christi and near a planned $1.2 billion refinery expected to bring new jobs and sustained economic activity, the offering combines stable in-place income with attractive long-term growth potential.
Multifamily | 35 units | 2 Properties
Highlights
Portfolio Scale
- A two-property, 35-unit portfolio in Taft, Texas that gives a new owner immediate operational efficiency and meaningful market presence in a tightly held small-market submarket.
Recent Capital Investment
- More than $335,000 invested in capital improvements over the past 12 months, addressing key building systems and materially reducing near-term capital exposure for the next owner.
Recent Roof Work
- Three of the four roofs at (address on request) were replaced in early 2026, along with one roof at (address on request), removing one of the portfolio’s largest deferred-maintenance risks.
Proximity to Schools
- Both properties sit within comfortable walking distance of Taft Middle School and High School, a meaningful draw for the family renters that anchor local housing demand.
Value-Add:
- Perform interior renovations on classic units
- Offer washer/dryer rentals to tenants
- Opportunity to Boost NOI by Billing Back Water/Sewer & Trash Through RUBS
- Implement a fee for the existing covered parking spaces
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Portland, TXStabilized | $1.32M | $133K$133K | 6.3% |
 Corpus Christi, TX▼ 12% cutOwner financingStabilized | $4.4M | $100K$100K | — |
 Corpus Christi, TXNew | $1.09M | $91K$91K | — |
 Corpus Christi, TXNew | $975K | $41K$41K | — |
 Corpus Christi, TX | $3.9M | $118K$118K | 6% |
 Corpus Christi, TXValue-add | $1.9M | $70K$70K | — |