24-Unit Apartment
For Sale
$1,760,000
1400 N Saint Marys Street, Beeville, TX 78102
Twenty-four single-level 2BR/1BA units with durable metal roofs and separately metered power.
Property Size17,258 SF
Lot Size1.07 Acres
Price / SF$101.98
Days on Market209
Property Features for 1400 N Saint Marys Street
General Information
Standard status
Active
Size
17,258 SF
Lot size
1.07 Acres
Property subtype
Commercial
Additional Details
Cap Rate
7.85%
Multifamily Units
24
Amenities
on-site laundry facility
Building Details
Year Built
1974
Listing Agency:
Signature Real Estate
Listed By:
Erion Shehaj · License #0516948
(713) 922-2702
Source:
Phyllisbrowning
Added: Mar 28
Changed: Oct 21
Last Checked: Oct 21 at 12:17AM
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 Signature Real Estate
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Investment Insights
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Sebastian Estates is a 24-unit, single-level apartment community offering large 2-bedroom, 1-bath layouts in an approximately 814 SF configuration. The property features durable metal roofs and separately metered power, with on-site parking and an on-site laundry facility provided at no cost to residents. The laundry setup also presents a stated opportunity to convert to coin-operated for additional revenue. The community sits on 1.07 acres.
Sebastian Estates is located in Beeville, where the tenant base is described as being anchored by TDCJ McConnell Unit, Coastal Bend College, Beeville ISD, and Eagle Ford energy. Current leasing and rent details provided in the offering include average in-place rents of $855 versus $950 market, with 42% of units leased at $900. Occupancy is reported at 88%, and the offering notes a potential for stabilization by bringing the bottom of the rent roll up.
Sebastian Estates is located in Beeville, where the tenant base is described as being anchored by TDCJ McConnell Unit, Coastal Bend College, Beeville ISD, and Eagle Ford energy. Current leasing and rent details provided in the offering include average in-place rents of $855 versus $950 market, with 42% of units leased at $900. Occupancy is reported at 88%, and the offering notes a potential for stabilization by bringing the bottom of the rent roll up.
Key Highlights
- 24‑unit multifamily built in 1974 in Sebastian Estates
- Twenty‑four large 2BR/1BA units, all single‑level, at 814 SF each
- Durable metal roofs throughout and separately metered power
Property Analytics
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Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
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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
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Market
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Frequently Asked Questions
What type of property is this?
Apartment building - Twenty-four single-level 2BR/1BA units with durable metal roofs and separately metered power.
Where is this apartment building located?
The property is located at 1400 N Saint Marys Street Beeville, TX.
What is the asking price?
The asking price for this property is $1,760,000.
What are key features of this property?
This property features: 24‑unit multifamily built in 1974 in Sebastian Estates; Twenty‑four large 2BR/1BA units, all single‑level, at 814 SF each; Durable metal roofs throughout and separately metered power
