38-Unit Mixed-Use Investment
228 S Main St, Jacksonville, TX 75766
Residential and commercial units with strong cash flow and upside.
Type:Multifamily
Property size:
40,556 SFPrice / SF:
$98/SF- Added:
- Jan 8, 2026
- Days on Market:
- 124
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 228 S Main St
General Information
- Standard status
- Active
- Size
- 40,556 SF
- Property subtype
- Multifamily
Listing agent HASAN YACOUB License #TX0757742
Listing office All City Real Estate
Listing date Jan 8, 2026
Source Crexi
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 All City Real Estate
HighLights
- Strong in‑place cash flow with upside potential through rent growth, unit upgrades, and redevelopment.
- 38‑unit mixed‑use portfolio: 15 single‑family homes, 18 duplex units, and 5 commercial units.
- Significant value‑add opportunity: under‑market rents with long‑term tenants, ripe for renovation and rent optimization.
- Many residential units feature new roofs (2022‑2024), HVAC systems, electrical, plumbing, flooring, appliances, paint, and full interior remodels.
- Redevelopment potential: several properties have large or excess lots, allowing for additional units or structures.
- Commercial component includes office and retail spaces with opportunities for rent increases, lease restructuring, or unit splits.
Overview
This offering consists of a 38-unit mixed-use investment portfolio for sale, featuring a total area of 40,556 square feet. The portfolio includes 15 single-family homes, 9 duplex structures comprising 18 units, and 5 commercial units, all situated in close proximity within Jacksonville. The properties provide immediate cash flow with potential for increased value through rent growth, unit upgrades, and redevelopment. The residential component consists primarily of 2-3 bedroom single-family homes and duplex units. Many of these have undergone substantial capital improvements, including new roofs installed between 2022 and 2024, as well as updated HVAC systems, electrical and plumbing infrastructure, flooring, appliances, paint, and complete interior remodels. Several properties are situated on large lots, offering the potential for additional units or structures. A portion of the portfolio has long-term tenants with below-market rents, presenting a value-add opportunity through renovation and rent optimization. Multiple duplex units offer renovation or repositioning upside, and select assets are already fully remodeled and achieving strong rents. The commercial component includes office and retail-style spaces, currently leased or rent-ready, with opportunities for rent increases, lease restructuring, or unit splits to further enhance income. The option to exclude the commercial portion of the deal is available.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Cherokee
- State
- Texas
- Longitude
- -95.27229
- Latitude
- 31.963123
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Residential and commercial units with strong cash flow and upside.
Where is this multifamily property located?
The property is located at 228 S Main St Jacksonville, TX.
What is the asking price?
The asking price for this property is $3,999,999.
What are key features of this property?
This property features: Strong in‑place cash flow with upside potential through rent growth, unit upgrades, and redevelopment.; 38‑unit mixed‑use portfolio: 15 single‑family homes, 18 duplex units, and 5 commercial units.; Significant value‑add opportunity: under‑market rents with long‑term tenants, ripe for renovation and rent optimization.
