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    1914 Larrabee St, Unit 1-12 Seabrook, TX 77586

    For Sale
    $1,213,000

    Well-maintained 12-unit apartment complex in Seabrook, Texas.

    Lot size:
    0.45 Acres

    Property Features for 1914 Larrabee St

    General Information

    Lot size
    0.45 Acres

    Building Details

    Year built
    1963

    Source: eXp Realty, LLC Agent Nancy Anderson

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

    Overview

    Seabrook Multifamily Investment Opportunity

    Located in the lakefront community of Seabrook, this well-maintained 12-unit apartment complex offers a strong investment opportunity. The property features a mix of four 2-bedroom, 1-bathroom units and eight 1-bedroom, 1-bathroom units. The 2-bedroom units include private, fenced backyards. Each unit is equipped with energy-efficient double-pane windows, updated water heaters, and PEX plumbing, as well as 1 covered parking space per unit. Ten of the units have had their HVAC systems replaced within the last 4 years. The complex includes an onsite laundry facility with 2 coin-operated washers and dryers. The 3 year (2022-2024) NOI average is approximately $64,000, with potential to turn into vacation rentals. The property is within walking distance to Clear Lake, watercraft rentals, waterfront restaurants, and nightlife.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seabrook
    County
    Harris
    State
    Texas
    Longitude
    -95.0355599
    Latitude
    29.5610556

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 12-unit apartment complex in Seabrook, Texas.
    Where is this apartment building located?
    The property is located at 1914 Larrabee St, Unit 1-12 Seabrook, TX.
    What is the asking price?
    The asking price for this property is $1,213,000.
    What are key features of this property?
    This property features: - Strong investment opportunity in the highly sought-after lakefront community of Seabrook.; - Proven income stream with a 3-year (2022-2024) NOI average of approximately $64k.; - Significant upside potential to convert into vacation rentals.
    (832) 434-2894
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    1914 Larrabee St, Unit 1-12 Seabrook, TX 77586
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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
    1914 Larrabee St, Unit 1-12 Seabrook, TX 77586
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