16-Unit Multifamily
4085-howard-street-645 665 675 685 E Lavaca Street, Beaumont, TX 77705
For Sale
$1,550,000
Four apartment buildings include in-unit washers and dryers and an attached vacant corner lot.
Property Size15,328 SF
Price / SF$101.12
Days on Market137
Property Features for 4085-howard-street-645 665 675 685 E Lavaca Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
washer and dryer
Building Details
Buildings
Listing Agency:
RE/MAX ONE
Listed By:
Jeff Hill
(409) 658-8315
Source:
Exprealty
Added: Jun 23
Changed: Nov 3
Last Checked: Nov 6 at 10:28AM
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 RE/MAX ONE
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Investment Insights
Based on property information with market context.
The property comprises four apartment buildings, each with one 3-bedroom, 2-bath unit, one 1-bedroom, 1-bath unit and two 2-bedroom, 2-bath units. The buildings have a new roof, and each apartment includes a washer and dryer. All units are leased except the manager’s unit; leases have a minimum one-year term.
An 8,000-square-foot vacant corner lot is attached to the property. The site is next door to Lamar University in Beaumont. The owner provides water and trash pickup. Smoking and pets are not permitted.
An 8,000-square-foot vacant corner lot is attached to the property. The site is next door to Lamar University in Beaumont. The owner provides water and trash pickup. Smoking and pets are not permitted.
Key Highlights
- Four apartment buildings with 16 units total
- Each building has one 3‑bedroom/2‑bath, one 1‑bedroom/1‑bath and two 2‑bedroom/2‑bath units
- Attached 8,000‑square‑foot vacant corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,721
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,434,420
$2.4M
Cap Rate 7%
$1,738,871
$1.7M
Cap Rate 9%
$1,352,456
$1.4M
Market Conditions
NOI Build-Up for 15,328 SF
Gross rent
$235.4K $15.36/SF
− Vacancy
−$14.1K −$0.92/SF
EGI
$221.3K $14.44/SF
− OpEx
−$99.6K −$6.50/SF
NOI
$121.7K $7.94/SF
Area
Beaumont, TX
Vacancy
6.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,434,420
Cap Rate 7%
$1,738,871
Cap Rate 9%
$1,352,456
Alternative Uses
Best Use
Apartment 5plus
$1.74M
$1.52M – $2.03M
NOI $121,721 @ 7.0% cap · market cap 7.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.62M
$3.17M – $4.22M
NOI $253,390 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
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Business Placement
Demographics for 77705, TX
37,950
Population
12,203
Households
3.1
Avg Household Size
38
Median Age
8%
College-Educated
80%
High-School Grad
242.7 sq mi
ZIP Area
156
Density / Sq Mi
$49,964
Median Household Income
$30,162
Median Earnings
$858
Median Rent
$121,900
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Jefferson County, TX
Properties on Market for Multifamily properties in Jefferson County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four apartment buildings include in-unit washers and dryers and an attached vacant corner lot.
Where is this multifamily property located?
The property is located at 4085-howard-street-645 665 675 685 E Lavaca Street Beaumont, TX.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Four apartment buildings with 16 units total; Each building has one 3‑bedroom/2‑bath, one 1‑bedroom/1‑bath and two 2‑bedroom/2‑bath units; Attached 8,000‑square‑foot vacant corner lot
