Multifamily Property with Multiple
New
For Sale
$629,900
301 Broadway, Fulton, TX 78358
Commercial Sale, Fulton, TX
Property Size4,832 SF
Price / SF$130.36
Days on Market2
Property Features for 301 Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
Fulton Townsite
Elementary school district
RFISD
Middle school district
RFISD
High school district
RFISD
Standard status
Active
Size
4,832 SF
Building Details
Year built
1986
Floors in Building
1
Number of units
12
Listing Agency:
RE/MAX SECURITY R. E. · RE/MAX International
(361) 729-2256
Listed By:
TERRY SOCIA
(281) 381-2233
Added: Oct 19
Last Checked: Oct 20 at 3:06AM
MLS# 156261
Copyright © 2026 Rockport Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This multifamily property comprises four duplexes, one triplex, and one standalone building. The improvements total 4,832 square feet and were built in 1986. The buildings require repairs and cleaning. Commercial zoning is reported for the property.
Located at 301 Broadway in Fulton, Texas, the property is offered for sale.
Located at 301 Broadway in Fulton, Texas, the property is offered for sale.
Key Highlights
- Four duplexes, one triplex, and one single building
- 4,832 square feet of improvements
- Built in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,663
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,260
$893.3K
Cap Rate 7%
$638,043
$638.0K
Cap Rate 9%
$496,256
$496.3K
Market Conditions
NOI Build-Up for 4,832 SF
Gross rent
$72.5K $15.00/SF
− Vacancy
−$8.7K −$1.80/SF
EGI
$63.8K $13.20/SF
− OpEx
−$19.1K −$3.96/SF
NOI
$44.7K $9.24/SF
Area
Aransas County, TX
Vacancy
11.97%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,260
Cap Rate 7%
$638,043
Cap Rate 9%
$496,256
Alternative Uses
Best Use
Multifamily LT 5
$638.0K
$558.3K – $744.4K
NOI $44,663 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$565.4K
$494.8K – $659.7K
NOI $39,580 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,301 @ 7.0% cap · market cap 20.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
Business Placement
Demographics for 78358, TX
1,137
Population
528
Households
2.2
Avg Household Size
60
Median Age
35%
College-Educated
97%
High-School Grad
0.8 sq mi
ZIP Area
1,421
Density / Sq Mi
$75,694
Median Household Income
$38,750
Median Earnings
$1,175
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property includes duplex, triplex, and single-building configurations, with work needed across the improvements.
Where is this multifamily property located?
The property is located at 301 Broadway Fulton, TX.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Four duplexes, one triplex, and one single building; 4,832 square feet of improvements; Built in 1986
