Multifamily Investment Opportunity in Silsbee,
For Sale
Contact for pricing
750 S 3rd St, Silsbee, TX 77656
Value-add multifamily asset with upside potential in Hardin County.
Property Size11,064 SF
Lot Size0.44 Acres
Days on Market201
Property Features for 750 S 3rd St
General Information
Standard status
Active
Size
11,064 SF
Lot size
0.44 Acres
Property subtype
Multifamily
Zoning
C-2
Building Details
Year Built
1983
Listing Agency:
KW Commercial Austin NW
Listed By:
Haley John · License #TX 671146
Source:
Crexi
Added: Feb 2
Changed: Aug 8
Last Checked: Aug 8 at 3:23PM
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 KW Commercial Austin NW
Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire a 12-unit multifamily asset in Silsbee, TX. Constructed in 1983, the property includes three two-story buildings situated on 0.44 acres. The unit mix consists of twelve 2-bedroom, 1-bathroom units, each averaging approximately 922 square feet. The property is currently 92% occupied, with 11 out of 12 units leased. The average in-place rent is $839 per unit, which is below market comparables. The property generates approximately $60,000 in trailing-12 NOI, providing a cash flow foundation. There is potential upside through interior renovations, which are projected to increase rents toward market levels and materially increase NOI. Located in a supply-constrained Hardin County submarket with limited new construction, this offering is suited for investors and 1031 buyers seeking cash flow with value-add execution. The buyer has the opportunity to acquire an additional 12-unit multifamily asset located approximately 15 minutes away, allowing for operational synergies and scale.
Key Highlights
- Value‑add opportunity: Renovate interiors to potentially increase rents to $925+.
- Strong cash flow: Benefit from ~$60,000 trailing‑12 NOI.
- High occupancy: Currently 92% occupied with 11 of 12 units leased.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
Business Placement
Demographics for 77656, TX
17,199
Population
7,822
Households
2.2
Avg Household Size
41
Median Age
17%
College-Educated
90%
High-School Grad
175.3 sq mi
ZIP Area
98
Density / Sq Mi
$61,084
Median Household Income
$42,031
Median Earnings
$974
Median Rent
$114,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Value-add multifamily asset with upside potential in Hardin County.
Where is this apartment building located?
The property is located at 750 S 3rd St Silsbee, TX.
What are key features of this property?
This property features: Value‑add opportunity: Renovate interiors to potentially increase rents to $925+.; Strong cash flow: Benefit from ~$60,000 trailing‑12 NOI.; High occupancy: Currently 92% occupied with 11 of 12 units leased.
