8-Unit Apartment
For Sale
$535,000
510 S Washington, Livingston, TX 77351
Multiple residential structures combine varied unit configurations at a centrally located Livingston property.
Property Size5,577 SF
Price / SF$95.93
Days on Market49
Property Features for 510 S Washington
General Information
Standard status
Active
Size
5,577 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
8
Amenities
Yes
Owner
35280
One
Not Available
5577
Building Details
Building Size
5,577 SF
Year Built
1935
Stories
1
Listing Agency:
Texas Grand Real Estate Inc.
(281) 980-5050
Listed By:
Aileen Viera
(281) 639-8784
Source:
Garygreene
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 20 at 5:22PM
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 Texas Grand Real Estate Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1935, this multifamily property at 510 S Washington in Livingston includes eight residential units distributed among a triplex, duplex, garage apartment, and two separate standalone units. The varied configuration brings several building forms together within one property and supports a diversified apartment layout.
The property is situated near downtown Livingston, with shopping, dining, schools, and major roadways identified in the surrounding area. Walk Score is 48 and Bike Score is 44, with the property classified as Car-Dependent and Somewhat Bikeable, respectively.
The property is situated near downtown Livingston, with shopping, dining, schools, and major roadways identified in the surrounding area. Walk Score is 48 and Bike Score is 44, with the property classified as Car-Dependent and Somewhat Bikeable, respectively.
Key Highlights
- Eight total residential units
- Unit mix includes a triplex, duplex, garage apartment, and two freestanding units
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,250
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,000
$745.0K
Cap Rate 7%
$532,143
$532.1K
Cap Rate 9%
$413,889
$413.9K
Market Conditions
NOI Build-Up for 5,577 SF
Gross rent
$77.0K $13.80/SF
− Vacancy
−$9.2K −$1.66/SF
EGI
$67.7K $12.14/SF
− OpEx
−$30.5K −$5.46/SF
NOI
$37.2K $6.68/SF
Area
Polk County, TX
Vacancy
12.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,000
Cap Rate 7%
$532,143
Cap Rate 9%
$413,889
Alternative Uses
Best Use
Apartment 5plus
$532.1K
$465.6K – $620.8K
NOI $37,250 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.86M
$2.50M – $3.34M
NOI $200,270 @ 7.0% cap · market cap 37.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
Business Placement
Demographics for 77351, TX
37,353
Population
17,934
Households
2.1
Avg Household Size
47
Median Age
15%
College-Educated
83%
High-School Grad
636.9 sq mi
ZIP Area
59
Density / Sq Mi
$62,710
Median Household Income
$35,645
Median Earnings
$1,057
Median Rent
$163,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Multiple residential structures combine varied unit configurations at a centrally located Livingston property.
Where is this apartment building located?
The property is located at 510 S Washington Livingston, TX.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Eight total residential units; Unit mix includes a triplex, duplex, garage apartment, and two freestanding units; Built in 1935
