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Rehabilitated 9-Unit Apartment Complex
New
For Sale
$799,000

732 1st Ave N, Texas City, TX 77590

Updated units accommodate both traditional leases and short-term stays in a mixed-use property near Texas City’s industrial corridor.

Property Size3,309 SF
Days on Market4

Property Features for 732 1st Ave N

General Information

Standard status Active
Size 3,309 SF
Property subtype Investment
Lease Term Weekly

Additional Details

Multifamily Units 9

Taxes and HOA fees

Annual Taxes $6,391

Building Details

Building Size 3,309 SF
Year Built 1968
Stories 2
Units 9
Listing Agency: White Picket Realty LLC
Listed By: Alan Hernandez
Source: Elliman
Added: Aug 26 Changed: Aug 29 Last Checked: Aug 29 at 11:47AM

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 White Picket Realty LLC

Investment Insights

Based on property information with market context.

Built in 1968, this 9-unit mixed-use apartment complex has undergone a full rehabilitation, with updates completed throughout the units. Mini-split HVAC systems were installed within the past year. The current operating model combines long-term rentals with short-term stays, including furnished accommodations and Airbnb use, and is generating cash flow.

The property is located at 732 1st Ave N in Texas City, near the Texas City Dike and its fishing and boating activity. Major employers identified in the surrounding industrial market include Valero, Dow, and the petrochemical industry. Texas City sits between Houston and Galveston and has access to transportation corridors, supporting a location connected to industrial, recreational, and tourism activity.

The flexible setup allows the existing rental mix to continue or be adjusted between traditional, furnished, and short-term occupancy models.

Key Highlights

  • 9‑unit mixed‑use apartment complex with a full rehabilitation
  • Mini‑split HVAC systems installed within the past year
  • Current mix includes long‑term rentals and short‑term stays

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Law Firm Dental Office Parking Lot & Garage Skin Care Clinic

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

9
Residential units

Location Intelligence

Trade Area within ½ mile

485
Businesses Nearby

Demographics for 77590, TX

30,758
Population
14,419
Households
2.1
Avg Household Size
38
Median Age
16%
College-Educated
84%
High-School Grad
25.2 sq mi
ZIP Area
1,221
Density / Sq Mi
$63,274
Median Household Income
$36,993
Median Earnings
$1,179
Median Rent
$168,400
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 - Updated units accommodate both traditional leases and short-term stays in a mixed-use property near Texas City’s industrial corridor.
Where is this apartment building located?
The property is located at 732 1st Ave N Texas City, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 9‑unit mixed‑use apartment complex with a full rehabilitation; Mini‑split HVAC systems installed within the past year; Current mix includes long‑term rentals and short‑term stays
More about this property
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