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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$118.58
Days on Market261

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: Oct 15 Last Checked: Oct 16 at 6:37AM

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

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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

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Current Use

Short term rental ...

Suggested Use

Top Pick Real Estate Agency Law Firm Plumbing Service Grocery & Convenience Store Parking Lot & Garage (Bike/Boat/Book/etc) 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

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 $850,000.
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
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