Multifamily Property with Multiple
For Sale
$629,900
301 Broadway, Fulton, TX 78358
Six residential buildings offer a mix of duplex, triplex, and single-building configurations.
Property Size4,832 SF
Price / SF$130.36
Days on Market9
Property Features for 301 Broadway
General Information
Standard status
Active
Size
4,832 SF
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
in need of repairs/cleaning
Additional Details
Multifamily Units
12
Building Details
Year Built
1986
Buildings
6
Listing Agency:
RE/MAX SECURITY R. E.
Listed By:
Terry Socia · License #5_664
(361) 727-0022
Source:
Kmrealestate
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 1:18PM
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 RE/MAX SECURITY R. E.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property comprises four duplex buildings, one triplex, and one additional single building. The structures total 4,832 square feet and were built in 1986. The buildings need repairs and cleaning, presenting a property with work required across the existing improvements.
Key Highlights
- Four duplex buildings, one triplex, and one single building
- 4,832 square feet across the buildings
- 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
5
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Six residential buildings offer a mix of duplex, triplex, and single-building configurations.
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 duplex buildings, one triplex, and one single building; 4,832 square feet across the buildings; Built in 1986
