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    3420 Michigan St Baytown, TX 77520

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    For Sale
    $599,000

    Nine-unit complex with a mix of unit types.

    Lot size:
    0.18 Acres

    Property Features for 3420 Michigan St

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1940

    Source: REALM Real Estate Professionals - North Houston Agent Christina DeLaTorre

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

    Overview

    Nine-Unit Multifamily Property Available

    This 9-unit complex is located on the corner of Nevada and Michigan. The property features a mix of unit types, including seven 1-bedroom units, one studio unit, and one 2-bedroom unit. Eight out of the nine units are currently occupied, resulting in 100% occupancy. Tenants are responsible for paying their electricity bills.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Baytown
    County
    Chambers
    State
    Texas
    Longitude
    -95.0095865
    Latitude
    29.7277235

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    FAQs

    What type of property is this?
    Apartment building - Nine-unit complex with a mix of unit types.
    Where is this apartment building located?
    The property is located at 3420 Michigan St Baytown, TX.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Mix of unit types, featuring seven 1-bedrooms, one studio, and one 2-bedroom, appeals to a wide range of tenants.; - High occupancy rate, with 8 out of 9 units currently occupied, demonstrates strong rental demand.; - Tenants pay electricity, lowering expenses for the landlord.
    (832) 755-1231
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    3420 Michigan St Baytown, TX 77520
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    Baytown, TX 77520
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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
    3420 Michigan St Baytown, TX 77520
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