Modern Multi-Tenant Apartment
901 Broadway Boulevard Kilgore, TX 75662
901 Broadway Boulevard, Kilgore, TX, 75662
$1,300,000
For Sale
$1,300,000
2022-built 10-unit property with 1 bed/1 bath layouts and covered tenant parking at an adjacent property.
Property Size6,268 SF
Price / SF$207.40
Days on Market425
Property Features for 901 Broadway Boulevard
General Information
- Standard status
- Active
- Size
- 6,268 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2022
Listing agency
Burns Commercial Properties
(903) 534-1200
Listed by
Luke Swanson · License #0787346
Source
Compass
Added: May 24, 2025 Updated: Jul 21 at 7:37AM Checked: Jul 21 at 7:37AM
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 Burns Commercial Properties
Investment Insights
Based on property information with market context.
This modern multi-tenant apartment building totals 6,268 SF and was constructed in 2022. The property provides 10 units, each with a 1 bed/1 bath layout. Unit interiors include tile floors, granite countertops, washer/dryer hook-ups, and stainless steel appliances.
The building is located in Kilgore, and restaurants, entertainment, and Kilgore College are described as being in close proximity. Covered tenant parking is available at an adjacent property.
According to the provided remarks, the asset is in high demand and regularly maintains 100% vacancy.
The building is located in Kilgore, and restaurants, entertainment, and Kilgore College are described as being in close proximity. Covered tenant parking is available at an adjacent property.
According to the provided remarks, the asset is in high demand and regularly maintains 100% vacancy.
Key Highlights
- 6,268 SF multi‑tenant building built in 2022 with 10 units
- All units feature 1 bed/1 bath layouts
- Central electric cooling with zoned system (zoned‑3 or more) and central gas heating
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.0k | $14.52 |
| − Vacancy | −$5.8k | −$0.93 |
| EGI | $85.2k | $13.59 |
| − OpEx | −$38.3k | −$6.12 |
| NOI | $46.9k | $7.47 |
6,268 SF · lease $14.52/SF/yr · vacancy 6.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$669.3K
$585.7K – $780.9K
NOI $46,853 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.72M
$4.13M – $5.51M
NOI $330,480 @ 7.0% cap · market cap 25.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 2022-built 10-unit property with 1 bed/1 bath layouts and covered tenant parking at an adjacent property.
Where is this apartment building located?
The property is located at 901 Broadway Boulevard Kilgore, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6,268 SF multi‑tenant building built in 2022 with 10 units; All units feature 1 bed/1 bath layouts; Central electric cooling with zoned system (zoned‑3 or more) and central gas heating
