10-Unit Apartment Building with
For Sale
$545,000
Pending
1205-1207 Raleigh St, Plainview, TX 79072
MULTI_FAMILY - Plainview, TX
Property Size6,565 SF
Lot Size0.32 Acres
Days on Market691
Property Features for 1205-1207 Raleigh St
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning description
A - Single Family Homes
Bedrooms
10
Bathrooms
10
Full bathrooms
10
Rooms
Bedroom 10, Bedroom 9, Bathroom 1, Bathroom 7, Bedroom 2, Bedroom 8, Bedroom 5, Bathroom 4, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 4, Bathroom 5, Bathroom 9, Bedroom 7, Bathroom 3, Bathroom 10, Bedroom 1, Bathroom 8, Bathroom 6
Elementary school district
Plainview ISD
Middle school district
Plainview ISD
High school district
Plainview ISD
Standard status
Pending
Size
6,565 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
SOUTH 40 FEET OF LOT 2, ALL OF LOT 3 AND NORTH 40 FEET OF LOT 4, BLOCK 6, ROWE-GOODE ADDITION
Tax Annual Amount
8828
Legal Description
SOUTH 40 FEET OF LOT 2, ALL OF LOT 3 AND NORTH 40 FEET OF LOT 4, BLOCK 6, ROWE-GOODE ADDITION
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Amenities
covered walkways
courtyard area
laundry room
stove
window AC/PTAC
off-street parking
exterior LED lighting
Building Details
Year built
1962
Floors in Building
1
Building materials
Brick Veneer
Roof type
Composition
Listing Agency:
Roberts & Wilkins, REALTORS
(806) 292-0263
Listed By:
David Kopp · License #574262
(806) 729-4878
Added: Oct 15, 2024
Changed: Aug 3
Last Checked: Sep 5 at 3:06PM
MLS# 24-253
Copyright © 2026 Plainview Association Of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Colonial Apartments is a 10-unit, brick veneer apartment property built in 1962. The community includes three 1-story buildings with covered walkways and a shared courtyard area. All units are 1 bedroom and 1 bath and feature stoves. Refrigerators are split between owner-supplied and tenant-supplied. There are no dishwashers. Heating and cooling are provided by window units and PTACs, and there is no gas service. Laundry is available on-site.
Tenants are billed for electricity, while the owner pays for water. The property has off-street parking. The exterior has seen updates including exterior painting and exterior LED lighting, and several front doors have been replaced.
Since 2012, seven units have had remodeled kitchens and bathrooms, two units have received minor updating, and one unit has had no reported changes while the same tenant has stayed for 15+ years. The on-site laundry room has been remodeled. Units are occupied and tours require 24–48 hours' notice.
Tenants are billed for electricity, while the owner pays for water. The property has off-street parking. The exterior has seen updates including exterior painting and exterior LED lighting, and several front doors have been replaced.
Since 2012, seven units have had remodeled kitchens and bathrooms, two units have received minor updating, and one unit has had no reported changes while the same tenant has stayed for 15+ years. The on-site laundry room has been remodeled. Units are occupied and tours require 24–48 hours' notice.
Key Highlights
- 10 units, all 1 bedroom and 1 bath, in three 1‑story buildings
- 0.32‑acre property with 6,565 SF total building area
- Covered walkways plus courtyard area
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 79072, TX
25,590
Population
10,093
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
74%
High-School Grad
394.6 sq mi
ZIP Area
65
Density / Sq Mi
$50,766
Median Household Income
$31,083
Median Earnings
$813
Median Rent
$106,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Ten 1 bed, 1 bath units across three 1-story buildings with covered walkways, courtyard, and on-site laundry.
Where is this apartment building located?
The property is located at 1205-1207 Raleigh St Plainview, TX.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 10 units, all 1 bedroom and 1 bath, in three 1‑story buildings; 0.32‑acre property with 6,565 SF total building area; Covered walkways plus courtyard area
