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10-Unit Apartment Property
For Sale
$545,000
Pending

1205-1207 Raleigh St, Plainview, TX 79072

Residential Income, Plainview, TX

Property Size6,565 SF
Lot Size0.32 Acres
Days on Market739

Property Features for 1205-1207 Raleigh St

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning description A - Single Family Homes
Bedrooms 10
Bathrooms 10
Full bathrooms 10
Rooms Bathroom 4, Bedroom 4, Bathroom 6, Bathroom 3, Bedroom 9, Bedroom 3, Bedroom 8, Bathroom 1, Bathroom 7, Bedroom 6, Bathroom 10, Bedroom 5, Bedroom 7, Bathroom 9, Bedroom 10, Bathroom 8, Bathroom 5, Bedroom 2, Bathroom 2, Bedroom 1
Elementary school district Plainview ISD
Middle school district Plainview ISD
High school district Plainview ISD
Standard status Pending
Size 6,565 SF
Lot size 0.32 Acres

Taxes and HOA fees

Tax Description SOUTH 40 FEET OF LOT 2, ALL OF LOT 3 AND NORTH 40 FEET OF LOT 4, BLOCK 6, ROWE-GOODE ADDITION
Tax Annual Amount 8828
Legal Description SOUTH 40 FEET OF LOT 2, ALL OF LOT 3 AND NORTH 40 FEET OF LOT 4, BLOCK 6, ROWE-GOODE ADDITION

Utilities

Utilities Cable Available
Sewer type Public Sewer
Water source Public

Amenities

covered walkways
courtyard area
laundry room

Building Details

Year built 1962
Floors in Building 1
Building materials Brick Veneer
Roof type Composition
Listing Agency: Roberts & Wilkins, REALTORS
Listed By: David Kopp
Added: Oct 15, 2024 Changed: Oct 20 Last Checked: Oct 23 at 2:06AM
MLS# 24-253

Copyright © 2026 Plainview 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.

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Investment Insights

Based on property information with market context.

This 10-unit apartment property comprises three single-story brick veneer buildings totaling approximately 6,565 square feet on 0.32 acres. Each residence is configured with one bedroom and one bathroom, with approximate unit sizes of 550, 650, or 750 square feet. Covered walkways connect the buildings, and the property includes a courtyard, on-site laundry room, and off-street parking. Apartments are equipped with stoves, while cooling and heating are provided by window units or PTAC systems.

The property was built in 1962 and has public water and public sewer. Seven units have received kitchen and bathroom remodeling since 2012, two have had minor updates, and one has not been updated. Additional work includes laundry-room remodeling, replacement of several front doors, exterior painting, and exterior LED lighting. Units are occupied; tenants pay electric service, while ownership pays water. There is no gas service, and dishwashers are not provided.

Key Highlights

  • 10 units with one‑bedroom, one‑bath layouts
  • Approximate unit sizes: 4 x 550 SF, 4 x 650 SF, and 2 x 750 SF
  • Three 1‑story buildings totaling 6,565 square feet on 0.32 acres

Property Analytics

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Lease Details

10
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

229
Businesses Nearby

Demographics for 79072, TX

25,590
Population
10,093
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
74%
High-School Grad
394.6 sq mi
ZIP Area
65
Density / Sq Mi
$50,766
Median Household Income
$31,083
Median Earnings
$813
Median Rent
$106,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Occupied one-bedroom apartments in three single-story buildings with a shared laundry room, courtyard, and off-street parking.
Where is this apartment building located?
The property is located at 1205-1207 Raleigh St Plainview, TX.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 10 units with one‑bedroom, one‑bath layouts; Approximate unit sizes: 4 x 550 SF, 4 x 650 SF, and 2 x 750 SF; Three 1‑story buildings totaling 6,565 square feet on 0.32 acres
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