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Angleton Multifamily Investment Opportunity
For Sale
$499,000

708 N Velasco Street N, Angleton, TX 77515

Eight-unit complex near amenities with revitalization potential.

Property SizeContact for details
Days on Market142

Property Features for 708 N Velasco Street N

General Information

Standard status Active
Property subtype Income

Taxes and HOA fees

Annual Taxes $10,033

Amenities

No
2
3
25779
Appraiser

Building Details

Year Built 1960
Stories 1
Listing Agency: Next Trend Realty LLC
Listed By: Laura Harra
Source: Garygreene
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 31 at 1:13PM

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 Next Trend Realty LLC

Investment Insights

Based on property information with market context.

This multifamily complex is located on N. Velasco St. in Angleton, near Buc-ee's, fast food options, Walmart, and various restaurants. The property comprises eight units, including three 1-bedroom/1-bathroom units, one 3-bedroom/1-bathroom unit, one 2-bedroom/1-bathroom unit, and three 0-bedroom/1-bathroom units. Off-street parking is available behind the complex. The location provides easy access to Highway 288. The property offers investment potential and could benefit from the 2026 Angleton City Revitalization. The bike score is 43, indicating it is somewhat bikeable, and the walk score is 48, suggesting car dependence.

Key Highlights

  • 8‑unit multifamily complex offers immediate rental income.
  • Located near Buc‑ee's, fast food, Walmart, and restaurants.
  • Mix of unit types caters to diverse tenant needs with 1bd/1 bath, 3bd/1 bath, 2bd/1 bath, and 0bd/1 bath options.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Carpet & Flooring 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.

Location Intelligence

Trade Area within ½ mile

530
Businesses Nearby

Demographics for 77515, TX

32,710
Population
13,127
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
204.5 sq mi
ZIP Area
160
Density / Sq Mi
$89,029
Median Household Income
$48,097
Median Earnings
$1,024
Median Rent
$210,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Eight-unit complex near amenities with revitalization potential.
Where is this apartment building located?
The property is located at 708 N Velasco Street N Angleton, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 8‑unit multifamily complex offers immediate rental income.; Located near Buc‑ee's, fast food, Walmart, and restaurants.; Mix of unit types caters to diverse tenant needs with 1bd/1 bath, 3bd/1 bath, 2bd/1 bath, and 0bd/1 bath options.
More about this property
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