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

    605 Washington Ave Wharton, TX 77488

    For Sale
    Contact for pricing

    Four properties: three rentals, one lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Exceptional investment opportunity in Wharton, Texas, featuring a portfolio of four properties. This package includes three income-producing residential rental homes located on Washington Avenue, offering a mix of one and two-bedroom units. Each home features a living area, kitchen, and varying amenities such as garages, carports, and detached storage units with washer/dryer connections. Lot sizes range from 6,212 to 6,821 square feet, providing ample space. Completing the portfolio is a vacant lot situated at the southeast corner of Washington Avenue and David Street, encompassing 7,434.6 square feet. This lot presents significant development potential, adding further value to this already attractive investment. The rental homes at 605 Washington Avenue (480 sq ft on a 6,212 sq ft lot), 609 Washington Avenue (576 sq ft on a 6,821 sq ft lot), and 613 Washington Avenue (680 sq ft on a 6,821 sq ft lot) provide immediate cash flow. The vacant lot, identified as River Road Block 7 Lot 1, offers future expansion or redevelopment possibilities. All properties are located in Wharton, Texas, zip code 77488. This portfolio presents a unique opportunity for investors seeking immediate income and long-term growth potential. Contact us today for pricing and further details.

    Property Features for 605 Washington Ave

    General Information

    Property type
    Land

    HighLights

    • Three rental homes and one vacant lot in Wharton, TX.
    • Lots range from 6,212 to 7,434.6 square feet.
    • For sale by owner.
    • Properties located on Washington Avenue and at the corner of Washington Avenue and David Street.
    • Income‑producing investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Wharton
    County
    Wharton
    State
    Texas
    Longitude
    -96.09499
    Latitude
    29.303846

    Nearby Similar for Sale

    • $13,000,000
      1,455.00 Acres

      Expansive Ranch with Colorado River Frontage

      1455+ acre Wharton Ranch with river frontage and improvements.
      102 S Co Rd, Wharton, TX 77488
      View Details
    • $6,000,000

      Sprawling Farm with Updated Residence

      150+ acre farm featuring updated home and multiple barns.
      7654 County Road 121, Wharton, TX 77488
      View Details
    • $1,200,000
      3,295 SF

      Equestrian Estate with Multi-Residences

      32-acre equestrian estate featuring multiple residences and extensive equestrian facilities.
      6510 Fm 3012 Rd, Wharton, TX 77488
      View Details
    • $165,000

      Updated Duplex in Wharton

      Updated duplex with immediate rental income in a prime location.
      806 Meadow Ln, Wharton, TX 77488
      View Details
    • $775,000
      2,060 SF

      Updated Home on Sprawling Acreage

      Updated 4-bedroom home on 13 acres with agricultural exemption.
      3535 Peach Creek Dr, Wharton, TX 77488
      View Details
    • $485,000

      Historic Wharton Square Property

      Charming property on Wharton's historic square with endless potential.
      129 S Fulton St, Wharton, TX 77488
      View Details

    FAQs

    What type of property is this?
    Land - Four properties: three rentals, one lot.
    Where is this land located?
    The property is located at 605 Washington Ave Wharton, TX.
    What are key features of this property?
    This property features: Three rental homes and one vacant lot in Wharton, TX.; Lots range from 6,212 to 7,434.6 square feet.; For sale by owner.
    Request Owner's contact information
    605 Washington Ave Wharton, TX 77488
    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.
    605 Washington Ave
    Wharton, TX 77488
    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
    605 Washington Ave Wharton, TX 77488
    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.