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    Olmito Multifamily Investment Opportunity

    327 Couch Olmito, TX 78575

    327 Couch, Olmito, TX, 78575
    $2,299,900
    For Sale
    Claim this Listing
    $2,299,900

    MULTI_FAMILY - Olmito, TX

    Property Size19,560 SF
    Lot Size0.82 Acres
    Price / SF$117.58
    AddedNov 13, 2024
    Days on Market608
    Last RefreshJul 14 at 8:06 pm

    Property Features for 327 Couch

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
    Interior features
    Ceiling Fan(s), Smoke Detector, Unfurnished, Walk-in Closet, Washer/Dryer Hook-up
    Appliances
    Refrigerator, Stove
    Standard status
    Active
    Size
    19,560 SF
    Lot size
    0.82 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    29214

    Building Details

    Year built
    2015
    Floors in Building
    2
    Number of units
    20
    Flooring type
    Tile
    Building materials
    Stone, Stucco
    Roof type
    Composition

    Listing agent Azeneth Badiola License #0535943

    Listing office Badiola Real Estate LLC 135 Calle Cenizo, Brownsville, TX

    Listing date Nov 13, 2024

    MLS# 102945 Listing URL

    Copyright © 2026 South Padre Island Board 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.

    Investment Insights

    Based on property information with market context.

    This property features a 20-unit complex consisting of 5 buildings, each containing 4 units. All units offer a 2-bedroom, 2-bath layout with just under 1000 square feet of living space. The complex is currently 100 percent rented, presenting a potential investment opportunity. The property is located in Olmito, TX, and is zoned R. The lot size is 0.8196 acres. The total property size is 19560 square feet.

    Key Highlights

    • 20‑unit complex with 5 buildings, 4 units per building
    • All units are 2‑bedroom, 2‑bath and just under 1,000 sq ft each
    • 2015 construction with stone and stucco exterior

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $288.7k $14.76
    − Vacancy −$19.6k −$1.00
    EGI $269.1k $13.76
    − OpEx −$121.1k −$6.19
    NOI $148.0k $7.57
    19,560 SF · lease $14.76/SF/yr · vacancy 6.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $2.11M
    $1.85M – $2.47M (±1% cap)
    NOI $147,990 @ 7.0% cap · market cap 6.43%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Healthcare Medical
    $3.37M
    $2.95M – $3.93M (±1% cap)
    NOI $235,753 @ 7.0% cap · market cap 10.25%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Dental Office Law Firm Building Supply Spa & Massage Center Kitchen & Bath Showroom Grocery & Convenience Store Plumbing Service Skin Care Clinic Grocery & Convenience Store Barber Shop

    Zoning and permitted uses should be independently verified with local authorities.

    FAQs

    What type of property is this?
    Apartment building - 20-unit complex in Olmito, TX, fully rented.
    Where is this apartment building located?
    The property is located at 327 Couch Olmito, TX.
    What is the asking price?
    The asking price for this property is $2,299,900.
    What are key features of this property?
    This property features: 20‑unit complex with 5 buildings, 4 units per building; All units are 2‑bedroom, 2‑bath and just under 1,000 sq ft each; 2015 construction with stone and stucco exterior
    Contact an agent
    (956) 592-5536
    We can help!
    Contact an agent
    Azeneth Badiola
    Real Estate License ID: 0535943
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