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    109 113 Elgin, TX 78621

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    For Sale
    $1,600,000

    Six-unit multifamily property near major employers and Highway 290.

    Lot size:
    0.23 Acres

    Property Features for 109 113

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    2024

    Source: Prolific Commercial Realty LLC Agent Angela Lopez

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

    Overview

    Elgin Multifamily Investment Opportunity

    This investment opportunity features a package of three buildings, consisting of six units. Each fully occupied unit includes 3 bedrooms and 2 bathrooms, with shared parking available. The property benefits from a location with convenient access to Highway 290. It is situated approximately 15 minutes from the Tesla Gigafactory and 15 minutes from the Samsung factory. This property represents an opportunity to acquire income-producing assets in a high-demand area with proximity to major employers.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Elgin
    County
    Bastrop
    State
    Texas
    Longitude
    -97.3874
    Latitude
    30.2988

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property near major employers and Highway 290.
    Where is this apartment building located?
    The property is located at 109 113 Elgin, TX.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Income-producing property with fully occupied units; - Prime location with easy access to Highway 290; - Close proximity to Tesla Gigafactory (15 minutes)
    (737) 268-8218
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    109 113 Elgin, TX 78621
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    Elgin, TX 78621
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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
    109 113 Elgin, TX 78621
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