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11-Unit Apartment Complex
For Sale
$949,900

1904 Mustang Road, Alvin, TX 77511

Eleven-unit apartment complex with centralized HVAC and on-site parking, offering 9 two-bedroom and 2 one-bedroom units.

Property Size14,494 SF
Price / SF$65.54
Days on Market208

Property Features for 1904 Mustang Road

General Information

Standard status Active
Size 14,494 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 11

Taxes and HOA fees

Annual Taxes $21,405

Amenities

Yes
Common Area
Appraiser
Cleared
17860
Paved
14494

Building Details

Building Size 14,494 SF
Year Built 1969
Stories 2
Listing Agency: Arrowstar Realty
Listed By: Lanette Cassidy-Harrison · License #466722
Source: Garygreene
Added: Jan 27 Changed: Aug 23 Last Checked: Aug 22 at 4:47PM

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 Arrowstar Realty

Investment Insights

Based on property information with market context.

This is an 11-unit apartment complex featuring centralized HVAC, a central laundry area, and on-site parking for residents. The property includes (9) 2-bedroom units and (2) 1-bedroom units, and each unit is described as having 1 full bathroom and 1 half bathroom.

The complex is located in Alvin, Texas, at 1904 Mustang Rd. Public remarks indicate proximity to Highway 35 (about 0.6 mile) and Highway 6 (about 5 minutes), with an estimated 30-minute drive to Houston. Please do not disturb tenants.

As presented, the building is supported with community mailboxes and is described as having curb appeal.

Key Highlights

  • 11‑unit apartment complex (built 1969) in Alvin, TX
  • Unit mix: 9 two‑bedroom units and 2 one‑bedroom units
  • All units include 1 full bathroom and 1 half bathroom

Property Analytics

Current Use

Halo Reach Services Electronics & Wireless Store Crimson Fire Umbrella ... Charitable Organization

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Plumbing Service Acupuncture Veterinary Clinic Garden Center

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

11
Residential units

Location Intelligence

Trade Area within ½ mile

640
Businesses Nearby

Demographics for 77511, TX

51,093
Population
20,499
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
83%
High-School Grad
150.1 sq mi
ZIP Area
340
Density / Sq Mi
$77,015
Median Household Income
$43,119
Median Earnings
$1,213
Median Rent
$218,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Eleven-unit apartment complex with centralized HVAC and on-site parking, offering 9 two-bedroom and 2 one-bedroom units.
Where is this apartment building located?
The property is located at 1904 Mustang Road Alvin, TX.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 11‑unit apartment complex (built 1969) in Alvin, TX; Unit mix: 9 two‑bedroom units and 2 one‑bedroom units; All units include 1 full bathroom and 1 half bathroom
More about this property
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