Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2290 Long St Beaumont, TX 77701

    Sponsored
    For Sale
    $1,150,000

    16-Unit Multifamily, High Cash Flow

    Property size:
    7,412 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    361
    This exceptional 16-unit multifamily property located at 2290 Long Street, Beaumont, TX, presents a compelling investment opportunity. The building encompasses 7,412 square feet and sits on a 0.55-acre lot. The unit mix is strategically balanced, featuring a combination of spacious two-bedroom, one-and-a-half-bathroom units and one-bedroom, one-bathroom units, appealing to a diverse tenant base. This translates to strong occupancy rates and consistent cash flow, a key advantage for investors seeking a stable return. The property has been meticulously maintained, minimizing operational concerns and maximizing immediate income potential. Its prime location near Downtown Beaumont offers convenient access to schools, shopping, dining, and public transportation, further enhancing its appeal to renters. The strong demand for quality rental housing in this area ensures long-term appreciation potential. Priced at $1,150,000, this stabilized, cash-flowing multifamily building represents a solid investment with significant upside. This is a rare opportunity to acquire a well-maintained, income-producing asset in a desirable location. The balanced unit mix and proven rental history provide a foundation for continued success. Don't miss this chance to add a high-performing property to your portfolio.

    Property Features for 2290 Long St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,412 SF
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    Kekoa Lwin

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Chateau 1000 Apartment Building

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beaumont
    County
    Jefferson (TX)
    State
    Texas
    Longitude
    -94.12008
    Latitude
    30.09117

    Nearby Similar for Sale

    • $1,100,000
      6,028 SF

      Playa del Carmen Multi-Unit Property

      Multi-unit property with restaurant space near Fifth Avenue, Playa del Carmen.
      Bldg In Downtown Playa Del Carmen For Sale, Beaumont, TX 77720
      View Details
    • $225,000
      1,456 SF

      Versatile Commercial Space in Beaumont

      1456 sqft commercial property with endless potential for various businesses.
      2474 Broadway, Beaumont, TX 77702
      View Details
    • $399,000

      Versatile Commercial Building on College Street

      Freestanding building with office and warehouse space on College Street.
      7990 College St, Beaumont, TX 77707
      View Details
    • $115,000

      South Beaumont Commercial Building For Sale

      Commercial building in high-demand South Beaumont location, ideal for various businesses.
      1945 Sarah St, Beaumont, TX 77705
      View Details
    • $234,900

      Multi-Unit Commercial Building For Sale

      Multi-unit commercial building with income potential in Beaumont's old town.
      2481-2487 Calder St, Beaumont, TX 77702
      View Details
    • $299,999
      2,960 SF

      Beaumont Duplex with Modern Comfort

      Duplex in Beaumont, Texas, featuring modern comfort and classic charm.
      450 Jackson St, Beaumont, TX 77701
      View Details
    • $132,500
      1,085 SF

      Beaumont Condo with Recent Updates

      Well-maintained 2-bed, 1.5-bath condo in Beaumont ISD.
      1126 Green Meadow St, Beaumont, TX 77706
      View Details
    • $114,019

      Condominiums in Playa del Carmen

      Boutique community of 22 contemporary condominiums in Playa del Carmen.
      32 Y Calle 34, Beaumont, TX 77720
      View Details
    • $275,000
      4,404 SF

      Office/Warehouse Space Near Beaumont

      Office/warehouse with living quarters for sale or lease.
      1539 East Ln, Beaumont, TX 77713
      View Details
    • $144,463

      Boutique Condominiums in Playa del Carmen

      Exclusive community of 22 condos in vibrant Playa del Carmen.
      32 Y Calle 34, Beaumont, TX 77720
      View Details
    • $114,019

      Condominiums in Playa del Carmen

      22 contemporary condominiums in the heart of Playa del Carmen.
      32 Y Calle 34, Beaumont, TX 77720
      View Details
    • $1,750,000
      14,670 SF

      Versatile Office/Warehouse Building For Sale

      14,670 SF office/warehouse on 3.17 acres with great accessibility.
      6095 College St, Beaumont, TX 77707
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 16-Unit Multifamily, High Cash Flow
    Where is this commercial real estate located?
    The property is located at 2290 Long St Beaumont, TX.
    What is the asking price?
    The asking price for this property is $1,150,000.
    Request Owner's contact information
    2290 Long St Beaumont, TX 77701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2290 Long St
    Beaumont, TX 77701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2290 Long St Beaumont, TX 77701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kekoa Lwin
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.