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    111 W Pine Ave Orange, TX 77630

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    Distressed 200-unit multifamily property in Orange, Texas, for sale.

    Property size:
    149,288 SF

    Property Features for 111 W Pine Ave

    General Information

    Size
    149,288 SF

    Building Details

    Year built
    1945

    Source: Eli Gunesebakan, CCIM, SIOR Agent Eli Gunesebakan, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    200-Unit Multifamily Investment Opportunity

    Located in Orange, Texas, Sabine Park is a garden apartment complex comprising 40 buildings, with a mix of one-story and two-story walk-up structures. This multifamily property features 200 residential units and is zoned C-2 Commercial. Situated near I-87 and MacArthur Drive, the property is less than a half mile from Lamar State College and the Westport Orange Shipyard. The location provides convenient access to shopping, dining, and entertainment options. Jack Brooks Regional Airport is 30 minutes away, and Lake Charles Regional Airport is 45 minutes away. This property presents an opportunity to acquire a distressed asset and transform it into a high-quality living experience for residents. The multifamily real estate market in Orange, Texas, is a growing sector. The city's strong economy, growing population, and range of amenities make it an attractive destination for multifamily real estate investment. With a growing population, there is an increasing demand for rental properties, creating opportunities for investors in the multifamily real estate market. Orange is home to a diverse range of industries, including oil and gas, petrochemicals, and manufacturing. With a robust economy, there are plenty of job opportunities in Orange, attracting new residents to the area and driving demand for rental properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sabine Park Apartment ... Apartment Building

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange
    County
    Orange
    State
    Texas
    Longitude
    -93.728871
    Latitude
    30.095238

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    FAQs

    What type of property is this?
    Apartment building - Distressed 200-unit multifamily property in Orange, Texas, for sale.
    Where is this apartment building located?
    The property is located at 111 W Pine Ave Orange, TX.
    What are key features of this property?
    This property features: - 200-unit multifamily property offers significant potential for revenue growth through renovation and increased rental rates.; - Prime location in Orange, Texas, provides easy access to shopping, dining, and entertainment.; - Distressed asset provides an opportunity for acquisition at a discounted price.
    (504) 401-4900
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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
    111 W Pine Ave Orange, TX 77630
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