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24-Unit Apartment Building
New
For Sale
$1,200,000

501 Plaza Dr, Slaton, TX 79364

The community comprises one-story duplexes with two-bedroom layouts and washer/dryer connections in every residence.

Property Size22,368 SF
Price / SF$53.65
Days on Market5

Property Features for 501 Plaza Dr

General Information

Standard status Active
Size 22,368 SF
Property subtype Multi-Family

Units

Unit Mix 24 x 2BR/1BA
Multifamily Units 24

Amenities

washer/dryer connections

Building Details

Year Built 1966
Buildings 12
Stories 1
Listing Agency: Realty Refined
Listed By: Steadfast Realty
Source: Steadfast-realty
Added: Oct 11 Changed: Oct 15 Last Checked: Oct 14 at 10:44PM

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 Realty Refined

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Investment Insights

Based on property information with market context.

Built in 1966, this 22,368-square-foot apartment property contains 24 residences across 12 one-story duplex buildings. Each unit has two bedrooms, one bathroom, and washer/dryer connections.

The property is located at 501 Plaza Dr in Slaton, Texas. Water expenses are reported at roughly twice the area expense comparisons, and resident water billing is identified as a possible operational change.

Key Highlights

  • 24 apartment units in 12 one‑story duplex buildings
  • Each residence has 2 bedrooms and 1 bathroom
  • Washer/dryer connections in every unit

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Dental Office Parking Lot & Garage

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

24
Residential units

Location Intelligence

Trade Area within ½ mile

101
Businesses Nearby

Demographics for 79364, TX

7,985
Population
2,949
Households
2.7
Avg Household Size
40
Median Age
16%
College-Educated
85%
High-School Grad
210.5 sq mi
ZIP Area
38
Density / Sq Mi
$55,221
Median Household Income
$39,774
Median Earnings
$1,018
Median Rent
$89,200
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 - The community comprises one-story duplexes with two-bedroom layouts and washer/dryer connections in every residence.
Where is this apartment building located?
The property is located at 501 Plaza Dr Slaton, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 24 apartment units in 12 one‑story duplex buildings; Each residence has 2 bedrooms and 1 bathroom; Washer/dryer connections in every unit
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