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8-Unit Apartment Building
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403 W Broad St, Freeport, TX 77541

Low-rise multifamily property with six long-term leases and two short-term rentals.

Property Size7,168 SF
Lot Size0.48 Acres
Price / SF$138.81
Days on Market214

Property Features for 403 W Broad St

General Information

Standard status Active
Size 7,168 SF
Class B
Lot size 0.48 Acres
Property subtype Land, Multifamily
Occupancy 100%
Investment Type Value Add

Additional Details

Multifamily Units 8

Building Details

Year Built 1984
Buildings 1
Stories 2
Units 8
Tenancy Multi
Listing Agency: WinHill Advisors Commercial
Listed By: Joe Fer Mitchell · License #0756262
Source: Crexi
Added: Jan 28 Changed: Aug 30 Last Checked: Aug 30 at 8:20AM

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 WinHill Advisors Commercial

Investment Insights

Based on property information with market context.

Located at 403 W Broad St in Freeport, Texas, this low-rise multifamily property contains 8 units and was built in 1984. The current operating mix includes six long-term leases and two short-term rentals.

The approximately 21,000 SF lot is described as having room for a matching twin building. The proposed addition is approximately 7,168 SF and could accommodate up to 8 additional units, creating a potential 16-unit configuration if completed.

Key Highlights

  • 8‑unit low‑rise multifamily property
  • Six long‑term leases and two short‑term rentals
  • Approximately 21,000 SF lot

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Real Estate Agency Hair Salon Parking Lot & Garage Nail Salon Pharmacy Carpet & Flooring Store

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

8
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

284
Businesses Nearby

Demographics for 77541, TX

16,441
Population
9,292
Households
1.8
Avg Household Size
38
Median Age
10%
College-Educated
82%
High-School Grad
141.7 sq mi
ZIP Area
116
Density / Sq Mi
$59,513
Median Household Income
$36,661
Median Earnings
$1,102
Median Rent
$162,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Low-rise multifamily property with six long-term leases and two short-term rentals.
Where is this apartment building located?
The property is located at 403 W Broad St Freeport, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 8‑unit low‑rise multifamily property; Six long‑term leases and two short‑term rentals; Approximately 21,000 SF lot
More about this property
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