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Brick 25-Unit Apartment Building
For Sale
$2,600,000

316 W 7 Street, Mount Pleasant, TX 75455

MULTI_FAMILY - Mt Pleasant, TX

Lot Size1.14 Acres
Days on Market37

Property Features for 316 W 7 Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 27
Bathrooms 25
Full bathrooms 25
Rooms Bathroom 20, Bathroom 23, Bathroom 5, Bedroom 18, Bedroom 26, Bedroom 9, Bedroom 19, Bathroom 15, Bathroom 14, Bedroom 6, Bedroom 1, Bedroom 14, Bedroom 24, Bedroom 25, Bathroom 1, Bedroom 15, Bedroom 27, Bedroom 16, Bedroom 13, Bathroom 10, Bathroom 25, Bedroom 3, Bathroom 8, Bathroom 17, Bathroom 18, Bathroom 9, Bedroom 5, Bedroom 23, Bathroom 19, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 11, Bathroom 12, Bathroom 16, Bedroom 7, Bedroom 4, Bathroom 3, Bedroom 10, Bedroom 20, Bedroom 21, Bedroom 8, Bedroom 12, Bedroom 22, Bedroom 11, Bathroom 7, Bedroom 17, Bathroom 22, Bathroom 13, Bathroom 24, Bathroom 6, Bathroom 21
Parking 25
Parking features Parking Lot
Interior features EatInKitchen, GraniteCounters, KitchenIsland, OpenFloorplan, Pantry, VaultedCeilings, WalkInClosets
Fencing Fenced
Appliances Dishwasher, Disposal, Refrigerator
Subdivision Mt Pleasant City Blocks
Lot features Landscaped, Sprinkler System
Elementary school Annie Sims
Middle school Wallace,Corprew,Mount Pleasant
High school Mount Pleasant
Elementary school district Mount Pleasant ISD
Middle school district Mount Pleasant ISD
High school district Mount Pleasant ISD
Directions Gps friendly
Standard status Active
APN 10691
Lot size 1.14 Acres

Taxes and HOA fees

Tax Description MT PLEASANT CITY BLOCKS BLK 55 LOT 2 - 5 1.13
Tax Annual Amount 16054
Legal Description MT PLEASANT CITY BLOCKS BLK 55 LOT 2 - 5 1.13

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Ceiling Fan(s), Electric, Central Air
Water source Public

Amenities

on-site parking
community laundromat
landscaped grounds
community mailbox area

Building Details

Year built 1965
Floors in Building 1
Number of units 25
Flooring type Tile
Building materials Brick
Roof type Composition
Listing Agency: Texas Legacy Realty
Listed By: Dennys Gonzalez · License #0668915
Added: Jun 26 Changed: Jul 31 Last Checked: Aug 1 at 1:06AM
MLS# 20925425

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Brick apartment building offering 25 apartments, fully leased, with a total unit mix of 23 one-bedroom, one-bath units and 2 two-bedroom, one-bath units. Apartment interiors include stainless steel appliances, granite countertops in kitchens and bathrooms, and tile flooring. Several kitchens feature granite islands, and units include amenities such as eat-in kitchens, pantry space, vaulted ceilings, and walk-in closets. Heating is electric with central cooling, and the property is served by public water and public sewer.

The property sits on a 1.136-acre site and includes on-site parking, landscaped grounds, a community laundromat for tenants, and a centralized community mailbox area. The roof is composition, and fencing is provided.

Built in 1965, this is an income-producing multifamily option designed for tenant convenience and day-to-day functionality.

Key Highlights

  • Fully leased property with 100% occupancy
  • 25 apartments: 23 one‑bedroom, one‑bath and 2 two‑bedroom, one‑bath
  • 1.136‑acre site with brick construction and composition roof

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Skin Care Clinic Electrical Service (Bike/Boat/Book/etc) Store 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

25
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

756
Businesses Nearby

Demographics for 75455, TX

27,305
Population
10,272
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
79%
High-School Grad
306.5 sq mi
ZIP Area
89
Density / Sq Mi
$57,585
Median Household Income
$34,318
Median Earnings
$821
Median Rent
$168,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Fully leased 25-unit multifamily building with on-site parking and a community laundromat near downtown Mount Pleasant.
Where is this apartment building located?
The property is located at 316 W 7 Street Mount Pleasant, TX.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Fully leased property with 100% occupancy; 25 apartments: 23 one‑bedroom, one‑bath and 2 two‑bedroom, one‑bath; 1.136‑acre site with brick construction and composition roof
More about this property
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