Turnkey Multifamily Property in
For Sale
$350,000
501 Elm St, Sweetwater, TX 79556
24-unit multifamily property with modern upgrades and upside potential.
Property Size11,024 SF
Days on Market128
Property Features for 501 Elm St
General Information
Standard status
Active
Size
11,024 SF
Property subtype
Multifamily
Occupancy
95%
Amenities
Auction - June 22-24, 2026 | Starting Bid: $350,000
Turnkey Asset with Modern Upgrades – Every unit recently renovated with beautiful, modern finish-outs
Strong Historical Occupancy Performance – Consistently high demand and sustained occupancy over time
Untapped Storage Revenue Opportunity – Seven on-site storage lockers with only one currently leased
Walking Distance to Major Employer – Ludlum Measurements employs 410 workers less than 1/4 mile away
Over $1 Billion in Recent Private Investment – Georgia-Pacific's $325 million facility opened in 2023 nearby
Building Details
Building Size
11,024 SF
Units
24
Listing Agency:
Dallas Office
(972) 755-5275
Listed By:
Matt Aslan · License #License(s): TX: 679950
(972) 755-5275
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 8
Last Checked: Aug 8 at 6:44AM
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 Dallas Office
Investment Insights
Based on property information with market context.
This is a 24-unit multifamily property constructed in 1978, located in Sweetwater, Texas. The property has been upgraded with modern finish-outs. There are seven on-site storage lockers, with only one currently leased. The property is located less than one-quarter mile from Ludlum Measurements, which employs 410 workers, and 1.5 miles from Rolling Plains Memorial Hospital with 350 employees. The Sweetwater market has attracted more than $1 billion in private investment over the last five years, including Georgia-Pacific's $325 million gypsum wallboard facility that opened in 2023.
Key Highlights
- Turnkey 24‑unit multifamily property with recent modern upgrades in every unit.
- Strong historical occupancy supported by the upgraded units.
- Proximity to major employers: Ludlum Measurements and Rolling Plains Memorial Hospital.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 79556, TX
12,644
Population
6,238
Households
2
Avg Household Size
40
Median Age
13%
College-Educated
83%
High-School Grad
378.4 sq mi
ZIP Area
33
Density / Sq Mi
$48,582
Median Household Income
$30,918
Median Earnings
$855
Median Rent
$97,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 24-unit multifamily property with modern upgrades and upside potential.
Where is this apartment building located?
The property is located at 501 Elm St Sweetwater, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Turnkey 24‑unit multifamily property with recent modern upgrades in every unit.; Strong historical occupancy supported by the upgraded units.; Proximity to major employers: Ludlum Measurements and Rolling Plains Memorial Hospital.
