Value-Add Apartment Building
For Sale
$675,000
820 E Brazos Ave, West Columbia, TX 77486
21-unit West Columbia community with renovated interiors and a detached garage unit, offering a continued renovation path.
Property Size8,840 SF
Price / SF$76.36
Days on Market56
Property Features for 820 E Brazos Ave
General Information
Standard status
Active
Size
8,840 SF
Property subtype
Multifamily
Occupancy
71%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
17.23%
Multifamily Units
21
Amenities
Attractive Entry Price Point - One of the most accessible acquisitions in Brazoria County with immediate cash flow from day one
STRONG IN-PLACE RETURNS - Year 1 NOl of $90,828 delivers approximately a 14% cap rate at the offered price, well above Houston MSA averages
PROVEN RENOVATION PREMIUM: 4 units renovated at ~$69K total capex, all signed at $960/month. clear, repeatable roadmap for the remaining 16 units
IMMEDIATE VALUE-ADD UPSIDE - 75% occupancy leaves 5 units to stabilize, creating a direct path to NOI growth through lease-up alone
COMPELLING RENT-TO-PRICE RATIO—$960/month market rent at $2.35/SF delivers strong yield relative to acquisition cost with minimal capital to stabilize
PRIME HIGHWAY VISIBILITY - Located on E Brazos Avenue with strong street presence, supporting organic leasing demand and reduced vacancy loss
BRAZORIA COUNTY GROWTH STORY - Positioned in the petrochemical corridor anchored by BASF, Dow, and LyondellBasell, driving steady workforce housing demand
Building Details
Units
20
Tenancy
Multi
Listing Agency:
(713) 452-4380
Listed By:
Stephen Helm · License #License(s): TX: 846352-SA
(713) 452-4380
Source:
Marcusmillichap
Added: Jun 17
Changed: Aug 7
Last Checked: Aug 11 at 4:42AM
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 Stephen Helm
Investment Insights
Based on property information with market context.
River Road Apartments is a 21-unit residential income property in West Columbia, TX. The community includes 20 one-bedroom, one-bath units averaging 408 square feet and one detached 680-square-foot one-bedroom garage unit. Current occupancy is reported at 71%. Unit interiors have been renovated with new flooring, updated cabinetry, refreshed bathrooms, and new appliances. Recent ownership has invested approximately $69,000 renovating four units, each of which signed leases at $960 per month, reflecting a premium over in-place rents.
The property is located directly on E Brazos Avenue (State Highway 35), with strong street visibility described in the offering. The community is minutes from the Gulf Coast petrochemical corridor and within an hour drive of Houston, per the remarks. The surrounding employment base is described as being anchored by major employers including Dow, BASF, LyondellBasell, Phillips 66, and Freeport LNG.
For tenants and buyers, the mix of renovated classic units plus the detached garage unit supports a straightforward operational plan tied to the property’s existing renovation program. The offering states that continuing renovations could stabilize the newly added garage unit and drive Year 1 net operating income of $103,381, with a reported Year 1 cap rate of 14.77% to 17.23% within the provided pricing guidance.
The property is located directly on E Brazos Avenue (State Highway 35), with strong street visibility described in the offering. The community is minutes from the Gulf Coast petrochemical corridor and within an hour drive of Houston, per the remarks. The surrounding employment base is described as being anchored by major employers including Dow, BASF, LyondellBasell, Phillips 66, and Freeport LNG.
For tenants and buyers, the mix of renovated classic units plus the detached garage unit supports a straightforward operational plan tied to the property’s existing renovation program. The offering states that continuing renovations could stabilize the newly added garage unit and drive Year 1 net operating income of $103,381, with a reported Year 1 cap rate of 14.77% to 17.23% within the provided pricing guidance.
Key Highlights
- 21‑unit River Road Apartments on E Brazos Avenue (State Highway 35) in West Columbia, TX
- Unit mix: 20 one‑bedroom/one‑bath units averaging 408 SF plus a detached 680 SF one‑bedroom garage unit
- Renovated interiors include new flooring, updated cabinetry, refreshed bathrooms, and new appliances
Property Analytics
Property Profile
Current Use
Lease Details
21
Residential units
71%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 77486, TX
7,488
Population
3,124
Households
2.4
Avg Household Size
40
Median Age
20%
College-Educated
91%
High-School Grad
48.2 sq mi
ZIP Area
155
Density / Sq Mi
$85,182
Median Household Income
$34,950
Median Earnings
$1,075
Median Rent
$221,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 21-unit West Columbia community with renovated interiors and a detached garage unit, offering a continued renovation path.
Where is this apartment building located?
The property is located at 820 E Brazos Ave West Columbia, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 21‑unit River Road Apartments on E Brazos Avenue (State Highway 35) in West Columbia, TX; Unit mix: 20 one‑bedroom/one‑bath units averaging 408 SF plus a detached 680 SF one‑bedroom garage unit; Renovated interiors include new flooring, updated cabinetry, refreshed bathrooms, and new appliances
