Single-Level 24-Unit Apartment
For Lease
$1,850,000
1400 N Saint Marys St, Beeville, TX 78102
Twenty-four separately metered two-bedroom units with on-site laundry and parking on 1.07 acres.
Space SizeContact for details
Lot Size1.07 Acres
Days on Market106
Property Features for 1400 N Saint Marys St
General Information
Standard status
Active
Lot size
1.07 Acres
Occupancy
88%
Additional Details
Cap Rate
7.85%
Multifamily Units
24
Taxes and HOA fees
Annual Taxes
$2.00
Building Details
Stories
1
Listing Agency:
Signature Real Estate
(713) 952-3200
Listed By:
Erion Shehaj · License #0516948
(713) 952-3200
Source:
Exprealty
Added: May 11
Changed: Aug 24
Last Checked: Aug 23 at 3:42AM
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 Signature Real Estate
Investment Insights
Based on property information with market context.
Sebastian Estates is a 24-unit multifamily property featuring all single-level 2-bedroom, 1-bath apartments. The units average 814 square feet each and are supported by durable metal roofs. Utilities are separately metered for power, and the community includes on-site parking plus an on-site laundry facility provided at no cost to residents.
The property is located at 1400 N Saint Marys St in Beeville, Texas. The provided materials indicate local tenant demand supported by large area employers and institutions, including TDCJ McConnell Unit, Coastal Bend College, Beeville ISD, and Eagle Ford energy.
From an operator’s perspective, the asset is presented as a value-add opportunity based on in-place leasing and rent benchmarks cited in the offering materials. The report states in-place rents average $855 versus a $950 market target, and 42% of units are already leased at $900. Occupancy is reported at 88%, with the offering positioning additional stabilization and rent movement as key goals. The laundry facility is also noted as potentially convertible to coin-operated to support additional resident-paid revenue.
The property is located at 1400 N Saint Marys St in Beeville, Texas. The provided materials indicate local tenant demand supported by large area employers and institutions, including TDCJ McConnell Unit, Coastal Bend College, Beeville ISD, and Eagle Ford energy.
From an operator’s perspective, the asset is presented as a value-add opportunity based on in-place leasing and rent benchmarks cited in the offering materials. The report states in-place rents average $855 versus a $950 market target, and 42% of units are already leased at $900. Occupancy is reported at 88%, with the offering positioning additional stabilization and rent movement as key goals. The laundry facility is also noted as potentially convertible to coin-operated to support additional resident-paid revenue.
Key Highlights
- 24‑unit multifamily property in Beeville with large 2BR/1BA units averaging 814 SF each
- All units are single‑level and separately metered for power
- Durable metal roofs
Property Analytics
Property Profile
Current Use
Lease Details
24
Residential units
88%
Occupancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
Business Placement
Demographics for 78102, TX
27,289
Population
8,865
Households
3.1
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
526.3 sq mi
ZIP Area
52
Density / Sq Mi
$59,591
Median Household Income
$34,444
Median Earnings
$1,049
Median Rent
$106,600
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 - Twenty-four separately metered two-bedroom units with on-site laundry and parking on 1.07 acres.
Where is this apartment building located?
The property is located at 1400 N Saint Marys St Beeville, TX.
What is the lease rate?
The lease rate is $1,850,000.
What are key features of this property?
This property features: 24‑unit multifamily property in Beeville with large 2BR/1BA units averaging 814 SF each; All units are single‑level and separately metered for power; Durable metal roofs
