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6-Unit Multifamily in Texas City, TX, photo 11 / 3
▼ 7% cutHigh yieldStabilized
$349,000

6-Unit Multifamily in Texas City, TX

Galveston County, TX · listed Aug 6, 2026 (83 days)

▼ Reduced 6.9% on Oct 27, 2026, was $375,000

Price per unit compared
This property$58K
Within ~40 mi (239)$100K
Texas median (1,029)$100K
$/unit
$58,167
▼ 42% vs TX · 13th pct
Cap rate
10.6%
▲ 3.3 pts vs TX median
NOI
$40K
$6,650/unit/yr
Units
6
1 bldg · 1965

Financials

Asking price
$349,000
Price per unit
$58,167
Price per sq ft
$158
Gross rent / year
Not stated
Net operating income
$39,899
NOI per unit
$6,650
Cap rate
10.6%
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
6
Unit mix
Not stated
Buildings
1
Year built
1965
Building size
2,208 sq ft
Avg unit size
368 sq ft
Lot size
0.5 acres
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Aug 6, 2026
Days on market
83 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Oct 27, 2026: $375K → $349K
Location
Approximate (~0.5 mi)
Listing #
1114

About this property

Courtyard Apartments presents an exceptional opportunity to acquire a fully renovated six-unit multifamily property in the heart of Texas City. Originally constructed in 1965 and comprehensively remodeled in 2025, the property offers investors a turnkey asset with modern improvements, low deferred maintenance, and strong potential for stable cash flow in one of Galveston County's established workforce housing markets.

The single-story property consists of approximately 2,250 square feet situated on a generous 21,876-square-foot site. With six residential units and a sizeable land parcel, Courtyard Apartments offers investors both immediate income potential and long-term value through its expansive footprint. The property's one-story design provides operational efficiencies while the recent renovation enhances tenant appeal and minimizes near-term capital expenditures.

Strategically located near Downtown Texas City, the property enjoys convenient access to Interstate 45, Highway 146, FM 1764, and the region's largest employment centers. Residents benefit from close proximity to the Port of Texas City, major petrochemical and industrial employers, shopping centers, restaurants, schools, medical facilities, and everyday conveniences. The location also provides quick access to Galveston Island, the Texas City Dike, and numerous recreational amenities, creating an attractive balance between employment accessibility and coastal lifestyle.

Texas City continues to experience steady demand for quality rental housing, supported by a diverse economy centered on energy, petrochemical manufacturing, logistics, maritime commerce, healthcare, and education. Its strategic position between Houston and Galveston attracts a broad tenant base seeking affordable housing with convenient access to major employment corridors. Coupled with recent renovations and a location within an established residential neighborhood, Courtyard Apartments is well positioned to benefit from continued rental demand and long-term appreciation.

Recently remodeled with new windows, siding and interior upgrades

Highlights

  • 6-unit multifamily investment opportunity, completely remodeled in 2025
  • In place NOI of $39,899, based on current rents and occupancy.
  • Approximately 2,250 SF building area
  • Large 21,876 SF land parcel offering future value potential
  • Single-story construction with simplified maintenance
  • Located in the established South Galveston County Submarket
  • Convenient access to Interstate 45, Highway 146, FM 1764, and major employment hubs
  • Minutes from shopping, dining, schools, healthcare, and the Texas City industrial corridor
  • Strong workforce housing market supported by petrochemical, logistics, maritime, and healthcare employers
  • Located within a 500-year flood risk area
  • Excellent opportunity for investors seeking immediate income with long-term appreciation potential

Location

Approximate area. The exact address is shared on request.

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