Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1902 Dogwood St Penitas, TX 78576

    For Sale
    $375,000

    Four-unit apartment building, great income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional four-unit apartment building presents a compelling investment opportunity in the thriving city of Penitas, Texas. Ideally situated on a corner lot at 1902 Dogwood Street, this property boasts a prime location just off Liberty Boulevard. Built in 2004, the single building encompasses a generous 3,052 square feet of living space, distributed across four units, each featuring two bedrooms and one bathroom. The property sits on a sizable .47-acre lot (20,281.97 square feet), offering ample space and a desirable corner lot location. Each unit is equipped with a refrigerator, stove, and washer/dryer, enhancing tenant appeal. Safety features include smoke detectors. The property is serviced by public city water and features four individual electricity meters and one shared water meter, simplifying utility management. Annual property taxes are $2,371. The zoning code is B1. A chain-link fence surrounds the property. The legal tax description is N6720-02-000-0086-00. This property offers excellent potential for passive income and long-term growth, making it an attractive addition to any investment portfolio. The asking price is $375,000.

    Property Features for 1902 Dogwood St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2004
    Buildings
    1
    Units
    4

    HighLights

    • $375,000 asking price for a four‑unit apartment building.
    • Located in Penitas, TX, at 1902 Dogwood Street, on a corner lot.
    • Built in 2004, the property features 3,052 square feet of living space.
    • The 0.47‑acre lot offers ample space.
    • Each unit includes two bedrooms and one bathroom.
    • Property includes washer/dryer, refrigerator, and stove.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Hotel & Motel Skin Care Clinic Food Market Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Penitas
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4341036
    Latitude
    26.2784588

    Nearby Similar for Sale

    • $1,200,000
      3,182 SF

      Turnkey Restaurant in Growing Area

      Established restaurant with equipment in a rapidly developing location.
      204 Tom Gill Rd, Penitas, TX 78576
      View Details
    • $699,000
      10,164 SF

      Penitas TX Multifamily Investment Opportunity

      Fully occupied 8-plex near U.S. 83 in Penitas, TX.
      1502 Diamond Ave, Penitas, TX 78576
      View Details
    • $750,000
      0.51 Acres

      Prime Commercial Property in Penitas, TX

      Operating paint and body shop with high visibility and expansion potential.
      1501 Expressway 83, Penitas, TX 78576
      View Details
    • $299,900
      2,150 SF

      Penitas Office Space with Acreage

      Office space with garage on 1 acre plus 6.52 acres.
      1420 Expy 83 Hwy, Penitas, TX 78576
      View Details
    • $270,000
      3,248 SF

      Penitas Commercial Building - High Traffic Area

      Prime location, 3,248 sq ft, redevelopment opportunity.
      2110 Expressway 83, Penitas, TX 78576
      View Details
    • $500,000
      3,360 SF

      Penitas Commercial Property - High Visibility

      Prime corner lot, 3360 sqft, high traffic area.
      17922 Coconut Palm Dr, Penitas, TX 78576
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, great income potential.
    Where is this multifamily property located?
    The property is located at 1902 Dogwood St Penitas, TX.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: $375,000 asking price for a four-unit apartment building.; Located in Penitas, TX, at 1902 Dogwood Street, on a corner lot.; Built in 2004, the property features 3,052 square feet of living space.
    Request Owner's contact information
    1902 Dogwood St Penitas, TX 78576
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1902 Dogwood St
    Penitas, TX 78576
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1902 Dogwood St Penitas, TX 78576
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.