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    15890 Hwy, Unit 59N Garrison, TX 75946

    For Sale
    $1,250,000

    Commercial Investment - Garrison, TX

    Lot size:
    5.40 Acres
    Days on Market:
    69
    Last Refresh:
    Dec 8 at 3:06 pm

    Property Features for 15890 Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Nac Mf Multi-family
    Exterior features
    Wood Siding
    Lot size
    5.40 Acres

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1983
    Building materials
    Wood Siding
    Roof type
    Composition
    Architectural style
    Other

    Lesa Rickenbacker (936) 305-3012

    Listing agent Lesa Rickenbacker (936) 305-3012

    Listing date Oct 1, 2025

    MLS# 22501368 Listing URL

    Copyright © 2025 Nacogdoches Board 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.

    Overview

    Turnkey Apartment Complex Investment Opportunity

    This is a 17-unit apartment complex situated on 5.4 acres. The property is currently 100% occupied and cash flowing. The unit mix includes spacious one-bedroom, one-bathroom units, garden-style two-bedroom, one-bathroom units, and townhouse-style two-bedroom, one-bathroom units. The property features granite counters, ceramic tile floors, solar screens, updated HVAC systems, appliances, full exterior paint, LED lighting, and on-site laundry. Utilities are individually metered. Located just outside city limits, this multifamily property is suitable for both first-time and seasoned investors looking to expand their portfolio.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Garrison
    County
    Nacogdoches
    State
    Texas
    Longitude
    -94.656004
    Latitude
    31.6039455

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    FAQs

    What type of property is this?
    Apartment building - 17-unit apartment complex on 5.4 acres, 100% occupied.
    Where is this apartment building located?
    The property is located at 15890 Hwy, Unit 59N Garrison, TX.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Turnkey 17-unit apartment complex - 100% occupied and cash flowing.; - Highly desirable location just outside city limits on 5.4 acres.; - Low maintenance with many updates including granite counters, ceramic tile floors, solar screens, updated HVAC's, appliances, full exterior paint, and LED lighting.
    (936) 305-3012
    Request Owner's contact information
    15890 Hwy, Unit 59N Garrison, TX 75946
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    Garrison, TX 75946
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15890 Hwy, Unit 59N Garrison, TX 75946
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