Multifamily Investment Opportunity in Silsbee,
750 S 3rd St, Silsbee, TX 77656
Value-add multifamily asset with upside potential in Hardin County.
Type:Multifamily
Property size:
11,064 SFLot size:
0.44 Acres- Added:
- Feb 2, 2026
- Days on Market:
- 105
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 750 S 3rd St
General Information
- Standard status
- Active
- Size
- 11,064 SF
- Lot size
- 0.44 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1983
Listing agent Haley John License #TX 671146
Listing office KW Commercial Austin NW
Listing date Feb 2, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Austin NW
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.
- Supply‑constrained submarket: Limited new construction in the area.
- Synergies and scale: Opportunity to acquire an additional 12‑unit property nearby.
- Simple unit mix: Features twelve 2BR/1BA units averaging ~922 SF.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
West Terrace Apartments
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Silsbee
- County
- Hardin
- State
- Texas
- Longitude
- -94.179686
- Latitude
- 30.341754
Nearby Similar for Sale
FAQs
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.
