1 / 1836-Unit Multifamily in San Benito, TX
TX · listed May 28, 2025 (518 days)
- $/unit
- $54,861
- ▼ 45% vs TX · 10th pct
- Cap rate
- 6.5%
- ▼ 0.9 pts vs TX median
- NOI
- $128K
- $3,542/unit/yr
- Units
- 36
- 2 bldg · 1994
Financials
- Asking price
- $1,975,000
- Price per unit
- $54,861
- Price per sq ft
- $83
- Gross rent / year
- Not stated
- Net operating income
- $127,500
- NOI per unit
- $3,542
- Cap rate
- 6.5%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 36
- Unit mix
- 34 two-bedroom units and 2 one-bedroom units
- Buildings
- 2
- Year built
- 1994
- Building size
- 23,816 sq ft
- Avg unit size
- 662 sq ft
- Lot size
- 1.2 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 28, 2025
- Days on market
- 518 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1336
About this property
Prime 36-Unit Apartment Complex. Strong Income & Value-Add Potential.
Multifamily investment opportunity. This 36-unit apartment complex features a mix of 34 two-bedroom units and 2 one-bedroom units, offering a solid foundation of stable rental income with room for upside through continued renovations and management efficiencies. Units feature semi-updated interiors. All electrical is individually metered, providing utility cost transparency for tenants, while water is serviced by two master meters.
Key property features include: On-site laundry facilities for additional revenue, ample parking, office space (may be convertible into additional units or other income-generating use), and strategic location.
The complex enjoys strong occupancy and presents a clear opportunity to increase NOI through rental growth, operational efficiencies, and selective capital improvements.
Financial packet, pro forma, and rent roll available upon request.
Prime 36-Unit Apartment Complex in San Benito, TX – Strong Income & Value-Add Potential
Highlights
Prime 36-Unit Apartment Complex in the Heart of San Benito – Strong Income & Value-Add Potential
Introducing a rare multifamily investment opportunity in the rapidly growing Rio Grande Valley. This 36-unit apartment complex features a mix of 34 two-bedroom units and 2 one-bedroom units, offering a solid foundation of stable rental income with room for upside through continued renovations and management efficiencies.
Units feature semi-updated interiors, and several have been fully renovated with new systems and finishes. All electrical is individually metered, providing utility cost transparency for tenants, while water is serviced by two master meters.
Key property features include:
- On-site laundry facilities offering additional revenue potential
- Ample parking for residents
- On-site office space, which may be convertible into additional units or alternate income-generating use
- Strategic location minutes from local schools, employers, and Hwy 77
- Proximity to Harlingen Airport (25 mins) and South Padre Island (30 mins)
The complex enjoys strong occupancy and presents a clear opportunity to increase NOI through rental growth, operational efficiencies, and selective capital improvements.
Whether you're expanding your portfolio or entering the multifamily market, this asset offers long-term value, immediate cash flow, and multiple paths to appreciation.
Location
Approximate area. The exact address is shared on request.
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