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Nacogdoches Multifamily Investment Opportunity
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3409 North St, Nacogdoches, TX 75965

32-unit apartment complex near Stephen F. Austin University.

Property Size22,640 SF
Lot Size1.67 Acres
Days on Market174

Property Features for 3409 North St

General Information

Standard status Active
Size 22,640 SF
Class B
Total Parking Spaces 34
Lot size 1.67 Acres
Property subtype Multifamily
Occupancy 97%
Investment Type Stabilized

Building Details

Year Built 1964
Year Renovated 2024
Buildings 12
Stories 2
Units 32
Listing Agency: Marcus & Millichap - Austin
Listed By: Fin Erwin · License #TX 671203
Source: Crexi
Added: Feb 19 Changed: Aug 8 Last Checked: Aug 8 at 6:32AM

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 Marcus & Millichap - Austin

Investment Insights

Based on property information with market context.

The Colonial Apartments, located in Nacogdoches, Texas, presents an investment opportunity. Constructed in 1964 and renovated in 2025, this 32-unit community is situated on 1.67 acres along North Street/Highway 59 Business. Its location places it one mile from Stephen F. Austin University and in proximity to Nacogdoches Memorial Hospital, Nacogdoches Public Schools, and various national retailers. The property features courtyards, a picnic area with a BBQ grill, a swimming pool, covered parking, and an on-site laundry facility. The units consist of one and two-bedroom layouts with open floor plans, vinyl plank flooring, energy-efficient appliances, and modern finishes. Given the student population of nearly 12,000 and Stephen F. Austin University's inclusion in the University of Texas System, the property offers the potential for stable cash flow and increased investment returns. The property, totaling 22,640 square feet, is offered free and clear of existing debt.

Key Highlights

  • Renovated in 2025 with modern finishes, energy‑efficient appliances, and vinyl plank flooring.
  • Prime location: one mile from Stephen F. Austin University.
  • Offered 'free and clear' of existing debt, allowing for attractive financing options.

Property Analytics

Current Use

The Colonial Apartments Apartment Complex

Suggested Use

Top Pick Electrical Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Building Supply Garden Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

412
Businesses Nearby

Demographics for 75965, TX

17,652
Population
8,786
Households
2
Avg Household Size
34
Median Age
44%
College-Educated
94%
High-School Grad
77.1 sq mi
ZIP Area
229
Density / Sq Mi
$52,640
Median Household Income
$26,400
Median Earnings
$899
Median Rent
$224,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - 32-unit apartment complex near Stephen F. Austin University.
Where is this apartment building located?
The property is located at 3409 North St Nacogdoches, TX.
What are key features of this property?
This property features: Renovated in 2025 with modern finishes, energy‑efficient appliances, and vinyl plank flooring.; Prime location: one mile from Stephen F. Austin University.; Offered 'free and clear' of existing debt, allowing for attractive financing options.
More about this property
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