1 / 3048-Unit Multifamily in Mineola, TX
Wood County, TX · listed Mar 7, 2025 (600 days)
- $/unit
- $135,417
- ▲ 35% vs TX · 68th pct
- Cap rate
- 4.1%
- ▼ 3.3 pts vs TX median
- NOI
- $264K
- $5,509/unit/yr
- Units
- 48
- 3 bldg · 2023
Financials
- Asking price
- $6,500,000
- Price per unit
- $135,417
- Price per sq ft
- $163
- Gross rent / year
- Not stated
- Net operating income
- $264,447
- NOI per unit
- $5,509
- Cap rate
- 4.1%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 48
- Unit mix
- Not stated
- Buildings
- 3
- Year built
- 2023
- Building size
- 39,956 sq ft
- Avg unit size
- 832 sq ft
- Lot size
- Not stated
- Condition
- New construction
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Mar 7, 2025
- Days on market
- 600 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1052
About this property
Located in the desirable and picturesque town of Mineola, Texas, this luxury apartment complex offers a rare opportunity to own an elegant and sophisticated investment property. Designed with high-end finishes and modern amenities, this complex provides an unparalleled living experience, making it an ideal residence for tenants seeking both comfort and style.
The property includes Phase 1: two new, three-story apartment buildings, each with 24 spacious units. (48 total). Each apartment is designed with premium features and open floor plans, ensuring a lifestyle of ease and relaxation. Tenants benefit from individually metered electricity, while a RUBS system, managed by Think Utility, is in place for water billing.
With room to expand, the complex offers the potential to complete construction and add up to four additional buildings, providing significant growth opportunities for the investor. The infrastructure is already completed for the 4 new buildings.
Residents also enjoy access to a 2,000 sq. ft. state-of-the-art clubhouse and office space, which includes a fully equipped gym, an outdoor kitchen perfect for social gatherings, and a fenced-in dog park for pets to enjoy.
This property combines modern luxury, ample expansion potential, and a prime location, making it an excellent choice for investors looking to add a premium multifamily asset to their portfolio.
Key Features:
- 2 existing buildings with 24 units each
- Potential to add up to 4 more buildings
- Individually metered for electricity
- RUBS system for water billing (via Think Utility)
- 1,292 sq. ft. clubhouse with office, gym, outdoor kitchen, and dog park
- Elegant design and high-end finishes throughout
- Prime location in Mineola, Texas
Contact us today for more information or to schedule a private showing!
For Sale: Upscale Multifamily Apartment Complex in the Heart of Mineola, Texas
Location
Approximate area. The exact address is shared on request.
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