MULTIFAMILYRADAR
48-Unit Multifamily in San Benito, TX, photo 11 / 30
Stabilized
$5,900,000

48-Unit Multifamily in San Benito, TX

TX · listed Apr 10, 2026 (201 days)

Price per unit compared
This property$123K
Within ~40 mi (139)$88K
Texas median (1,029)$100K
$/unit
$122,917
▲ 23% vs TX · 62nd pct
Cap rate
—
 
Gross yield
—
 
Units
48
2007

Financials

Asking price
$5,900,000
Price per unit
$122,917
Price per sq ft
$138
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
48
Unit mix
Not stated
Buildings
Not stated
Year built
2007
Building size
42,708 sq ft
Avg unit size
890 sq ft
Lot size
3.23 acres
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Apr 10, 2026
Days on market
201 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
2024

About this property

Well-performing and well-maintained, this 48-unit multifamily property offers a stabilized, income-producing investment in the growing San Benito market. The asset features spacious units, quality interior finishes, and strong tenant retention. Ideally located with easy access to Brownsville, Harlingen, and major thoroughfares, the property benefits from consistent rental demand. A key highlight is the value-add potential, with land and city-approved plans for an additional 16 one-bedroom units, providing a clear path for future expansion and increased revenue. Recent improvements include high-impact shingles (2023), energy-efficient windows, individually metered utilities, and a hurricane drainage system, enhancing long-term durability and efficiency

Luxury Apartments | INVESTMENT OPPORTUNITY

Location

Approximate area. The exact address is shared on request.

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