San Angelo, Texas Rental
1968 Colorado Avenue San Angelo, TX 76901
1968 Colorado Avenue, San Angelo, TX, 76901
$578,770
For Sale
$578,770
MULTI_FAMILY - San Angelo, TX
Property Size840 SF
Lot Size0.13 Acres
Price / SF$689.01
Days on Market62
Property Features for 1968 Colorado Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 13
- Rooms
- Bedroom 11, Bedroom 9, Bedroom 1, Bedroom 13, Bedroom 12, Bedroom 4, Bedroom 7, Bedroom 10, Bedroom 5, Bedroom 8, Bedroom 3, Bedroom 6, Bedroom 2
- Standard status
- Active
- APN
- 19-34600-0003-015-00
- Size
- 840 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Description
- Acres: 0.130 Blk: 3 Subd: Miller V E Of Garrett Adn East 1/2 Of Lots 13 & 14
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1959
- Number of units
- 5
Listing agency
ERA Newlin & Company
(325) 481-0500
Listed by
Jeff Hameister · License #0594810
(325) 374-1737
Added: May 22 Updated: Jul 2 at 7:02AM Checked: Jul 22 at 5:06PM
MLS# 200979
Copyright © 2026 San Angelo 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.
This residential investment portfolio in San Angelo, Texas, features five income-producing single-family homes. The properties have established rental history and strong occupancy demand. This package offers the opportunity to acquire stabilized assets with immediate income, while benefiting from long-term appreciation in one of West Texas's most resilient rental markets. The properties are located in San Angelo, Texas. The lot size is 0.13 acres. The property size is 840 square feet.
Key Highlights
- Investment portfolio in San Angelo, Texas featuring five income‑producing single‑family homes with established rental history
- Five single‑family homes included in the package with established rental history and strong occupancy demand
- Public utilities: water available with public water and public sewer
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.7k | $102.00 |
| − Vacancy | −$10.3k | −$12.24 |
| EGI | $75.4k | $89.76 |
| − OpEx | −$33.9k | −$40.39 |
| NOI | $41.5k | $49.37 |
840 SF · lease $102.00/SF/yr · vacancy 12.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$592.4K
$518.4K – $691.2K
NOI $41,469 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$643.0K
$562.7K – $750.2K
NOI $45,012 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Cash-flowing residential investment portfolio in San Angelo, Texas.
Where is this single family property located?
The property is located at 1968 Colorado Avenue San Angelo, TX.
What is the asking price?
The asking price for this property is $578,770.
What are key features of this property?
This property features: Investment portfolio in San Angelo, Texas featuring five income‑producing single‑family homes with established rental history; Five single‑family homes included in the package with established rental history and strong occupancy demand; Public utilities: water available with public water and public sewer
