Corner Lot Apartment
For Sale
Contact for pricing
123 Bethel Street, Roma, TX 78584
Fully occupied apartment buildings with eight two-bedroom, one-bath units on a corner lot in Roma, TX.
Property Size5,214 SF
Price / SF$52.74
Days on Market26
Property Features for 123 Bethel Street
General Information
Standard status
Active
Size
5,214 SF
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$32,797
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Additional Details
Cap Rate
12%
Highway Access
Yes
Building Details
Year Built
1987
Year Renovated
2021
Buildings
2
Units
8
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial - RGV
Listed By:
Antonio Garza · License #TX 772423-B
Source:
Crexi
Added: Jul 20
Changed: Aug 8
Last Checked: Jul 28 at 2:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial - RGV
Investment Insights
Based on property information with market context.
This corner lot apartment building investment consists of eight two-bedroom, one-bath apartment units across two apartment buildings. The property is fully occupied and positioned as a stabilized, income-producing multifamily asset with a stated 12% capitalization rate. Built in 1987, the apartments share uniform two-bedroom floor plans designed to appeal to a broad tenant base.
The property sits on a prominent corner lot with excellent accessibility, and includes an additional 6,098-square-foot vacant lot. The vacant lot may support future expansion, additional improvements, or redevelopment, subject to local regulations. The location is described as just minutes from schools, restaurants, shopping, and other community amenities, with convenient access to US Highway 83.
Overall, the mix of occupied multifamily units and included vacant land provides both current income and the potential for future development planning, depending on applicable local requirements.
The property sits on a prominent corner lot with excellent accessibility, and includes an additional 6,098-square-foot vacant lot. The vacant lot may support future expansion, additional improvements, or redevelopment, subject to local regulations. The location is described as just minutes from schools, restaurants, shopping, and other community amenities, with convenient access to US Highway 83.
Overall, the mix of occupied multifamily units and included vacant land provides both current income and the potential for future development planning, depending on applicable local requirements.
Key Highlights
- Stated 12% cap rate for the stabilized multifamily investment
- Fully occupied apartment buildings
- Eight two‑bedroom, one‑bath units across two apartment buildings
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Explore this area
Business Placement
Demographics for 78584, TX
19,373
Population
6,639
Households
2.9
Avg Household Size
34
Median Age
14%
College-Educated
57%
High-School Grad
212.8 sq mi
ZIP Area
91
Density / Sq Mi
$30,134
Median Household Income
$19,940
Median Earnings
$647
Median Rent
$83,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment buildings with eight two-bedroom, one-bath units on a corner lot in Roma, TX.
Where is this apartment building located?
The property is located at 123 Bethel Street Roma, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Stated 12% cap rate for the stabilized multifamily investment; Fully occupied apartment buildings; Eight two‑bedroom, one‑bath units across two apartment buildings
