Four Building Multifamily
For Sale
Contact for pricing
Pending
3rd Street Apartments 1009 S 3rd St, Mabank, TX 75147
Four one-story apartment buildings provide 16 one-bedroom units with open parking and all-electric heating and air.
Property Size8,580 SF
Days on Market116
Property Features for 3rd Street Apartments 1009 S 3rd St
General Information
Standard status
Pending
Size
8,580 SF
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
16
Amenities
washateria
Building Details
Year Built
1984
Stories
1
Tenancy
Multi
Listing Agency:
Orr Hernandez
Listed By:
Orr Hernandez · License #TX
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Aug 3 at 10:16AM
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 Orr Hernandez
Investment Insights
Based on property information with market context.
The property consists of four one-story apartment buildings built in 1984. There are 16 units configured as one-bedroom, one-bath residences. The buildings total 8,580 SF and offer open parking. The property is all-electric with central heat and air conditioning, and each unit includes a refrigerator and stove. Water and trash are included in the rent, while tenants are responsible for their own electric.
The apartments are located on Highway 198, described as the main thoroughfare with a high traffic count. A washateria is on site, with owned equipment. The 3rd Street building was formerly a 3,000 SF beauty salon, and the current owners began a remodel to create two two-bedroom, one-bath units, add a washateria, leasing office, and store room. Central heat and air conditioning are included for this structure, along with three water heaters, and the plumbing and electrical “rough in” work for the remodel has been completed, with framing started.
The apartments are located on Highway 198, described as the main thoroughfare with a high traffic count. A washateria is on site, with owned equipment. The 3rd Street building was formerly a 3,000 SF beauty salon, and the current owners began a remodel to create two two-bedroom, one-bath units, add a washateria, leasing office, and store room. Central heat and air conditioning are included for this structure, along with three water heaters, and the plumbing and electrical “rough in” work for the remodel has been completed, with framing started.
Key Highlights
- 3rd Street Apartments built in 1984 with four one‑story buildings and 16 total 1‑bedroom, 1‑bath units
- Total building size is 8,580 SF with open parking
- All‑electric property with central heat and central air conditioning; 3 water heaters
Property Analytics
Current Use
Lease Details
16
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
Business Placement
Demographics for 75147, TX
7,781
Population
3,302
Households
2.4
Avg Household Size
40
Median Age
19%
College-Educated
86%
High-School Grad
86.2 sq mi
ZIP Area
90
Density / Sq Mi
$60,520
Median Household Income
$34,572
Median Earnings
$899
Median Rent
$238,700
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 - Four one-story apartment buildings provide 16 one-bedroom units with open parking and all-electric heating and air.
Where is this apartment building located?
The property is located at 3rd Street Apartments 1009 S 3rd St Mabank, TX.
What are key features of this property?
This property features: 3rd Street Apartments built in 1984 with four one‑story buildings and 16 total 1‑bedroom, 1‑bath units; Total building size is 8,580 SF with open parking; All‑electric property with central heat and central air conditioning; 3 water heaters
