Lamar University Area Investment
For Sale
$200,000
245 E Pipkin Street C, Beaumont, TX 77705
Four-unit property near Lamar University with value-add potential.
Property Size2,880 SF
Price / SF$69.44
Days on Market248
Property Features for 245 E Pipkin Street C
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$1,222
Amenities
Yes
1
2
Appraiser
5000
2880
Building Details
Building Size
2,880 SF
Year Built
1962
Stories
2
Listing Agency:
Dorsett Dye & Associates Real Estate
(281) 646-1136
Listed By:
Jacob Dorsett
(281) 740-6866
Source:
Garygreene
Added: Jan 9
Changed: Sep 13
Last Checked: Sep 13 at 4:38AM
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 Dorsett Dye & Associates Real Estate
Investment Insights
Based on property information with market context.
This four-unit property presents an investment opportunity near Lamar University. The property features a mix of two one-bedroom units and two two-bedroom units. Current lease terms and rental information are available upon request. The property offers a value-add opportunity for investors to enhance equity through strategic updates and optimized rents while securing consistent tenant occupancy. The location benefits from strong rental demand and long-term growth potential.
Key Highlights
- Strong rental demand due to proximity to Lamar University.
- Four‑unit property with a desirable mix of one- and two‑bedroom units.
- Excellent value‑add opportunity through strategic updates.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 77705, TX
37,950
Population
12,203
Households
3.1
Avg Household Size
38
Median Age
8%
College-Educated
80%
High-School Grad
242.7 sq mi
ZIP Area
156
Density / Sq Mi
$49,964
Median Household Income
$30,162
Median Earnings
$858
Median Rent
$121,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property near Lamar University with value-add potential.
Where is this quadplex located?
The property is located at 245 E Pipkin Street C Beaumont, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Strong rental demand due to proximity to Lamar University.; Four‑unit property with a desirable mix of one- and two‑bedroom units.; Excellent value‑add opportunity through strategic updates.
