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    1101 E Main St League City, TX 77573

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    For Sale
    $1,995,000

    16-unit apartment complex with value-add potential in League City.

    Lot size:
    1.00 Acre

    Property Features for 1101 E Main St

    General Information

    Lot size
    1.00 Acre

    Building Details

    Year built
    1971

    Source: Keller Williams Memorial Agent Timothy Larson

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

    Overview

    League City Multifamily Investment Property

    The Mariner Apartment Complex is a 16-unit multifamily property situated on a 1-acre lot in League City, Texas. The property features ten 2-bedroom, 1-bathroom units and six 1-bedroom, 1-bathroom units. A coin-operated laundry facility is available for tenants. There are over 25 parking spaces located across the front, middle, and rear areas of the property. Recent upgrades include renovated units, new leases, updated air conditioning, plumbing, and fresh paint. All units are separately metered. Rents are currently below market value, presenting an opportunity for increased revenue. The spacious lot provides room for future expansion. The property is located southeast of downtown Houston, near the League City Historic District and close to Clear Lake and Galveston Bay. Major attractions such as NASA and the Southeast Medical Center are also nearby. The location provides convenient access to I-45, South Shore Harbour, Kemah, and major retailers. The area is popular with boating and fishing enthusiasts, offering an excellent value-add opportunity in a growing coastal community.
    Insight Report Location Intelligence

    Current Use by Public Records

    Pinoy Fiesta Asian ... Grocery Store H&R Block Tax Preparation Service Domino's Pizza Pizza Delivery Pawsh Dog House Dog Day Care Center Final Touch Hair ... Hair Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    League City
    County
    Galveston
    State
    Texas
    Longitude
    -95.1063915
    Latitude
    29.5046533

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    FAQs

    What type of property is this?
    Apartment building - 16-unit apartment complex with value-add potential in League City.
    Where is this apartment building located?
    The property is located at 1101 E Main St League City, TX.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - Value-add opportunity with below-market rents and potential for future expansion on a 1-acre lot.; - **Well-maintained 16-unit complex with recent upgrades including renovated units, new leases, updated AC and plumbing.**; - Located in a growing coastal community near Clear Lake, Galveston Bay, NASA, and the Southeast Medical Center.
    (281) 508-0800
    Request Owner's contact information
    1101 E Main St League City, TX 77573
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    League City, TX 77573
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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
    1101 E Main St League City, TX 77573
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