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16-Unit Apartment Complex
For Sale
$1,199,000

130 Town Street, Centerville, TX 75833

Recently renovated multifamily property with two-bedroom floor plans, on-site laundry, clubhouse, and room for additional units.

Property Size10,544 SF
Lot Size1.05 Acres
Price / SF$113.71
Days on Market1248

Property Features for 130 Town Street

General Information

Standard status Active
Size 10,544 SF
Total Parking Spaces 32
Lot size 1.05 Acres
Property subtype Commercial Sale / Multi Family
Zoning B1 Apartments
Occupancy 100%

Units

Unit Mix 16 x 2BR/1BA
Multifamily Units 16

Taxes and HOA fees

Annual Taxes $6,477

Amenities

clubhouse
laundry room

Building Details

Year Built 2013
Buildings 3
Listing Agency: Real
Listed By: Max Son · License #0817026
Source: Compass
Added: May 19, 2023 Changed: Oct 11 Last Checked: Oct 16 at 11:17AM

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 Real

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Investment Insights

Based on property information with market context.

This B1 Apartments property comprises 16 units across two separate buildings, with eight units in a 2013 building and eight in a 1988 building. Each residence offers an identical two-bedroom, one-bath layout. Improvements completed between 2018 and 2024 include updates to the complex, which also features a freestanding clubhouse and laundry room.

The property occupies 1.05 acres at 130 Town Street in Centerville, Texas, with a 32-car parking lot and a prepared slab for eight additional units. All units are currently occupied, and professional management is in place. The site’s existing configuration combines residential operations, common amenities, parking, and identified expansion capacity.

Key Highlights

  • 16 units with identical two‑bedroom, one‑bath floor plans
  • Two buildings: 8 units built in 2013 and 8 units built in 1988
  • 1.05‑acre site with a slab for 8 additional units

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store Storage Facility Parking Lot & Garage Dental Office Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

238
Businesses Nearby

Demographics for 75833, TX

3,259
Population
1,852
Households
1.8
Avg Household Size
51
Median Age
21%
College-Educated
91%
High-School Grad
254.7 sq mi
ZIP Area
13
Density / Sq Mi
$69,024
Median Household Income
$38,872
Median Earnings
$726
Median Rent
$164,200
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 - Recently renovated multifamily property with two-bedroom floor plans, on-site laundry, clubhouse, and room for additional units.
Where is this apartment building located?
The property is located at 130 Town Street Centerville, TX.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 16 units with identical two‑bedroom, one‑bath floor plans; Two buildings: 8 units built in 2013 and 8 units built in 1988; 1.05‑acre site with a slab for 8 additional units
More about this property
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