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    113 Reagan St Hamilton, TX 76531

    For Sale
    $850,000

    16-unit value-add apartment complex

    Property size:
    13,791 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a 16-unit multifamily portfolio situated in Hamilton, Texas. Comprising two buildings totaling 13,791 square feet, this Class C property offers a compelling value-add proposition. Built between 1965 and 1975, with renovations completed between 2020 and 2023, the portfolio boasts 16 units across two one-story buildings situated on a 1.36-acre lot. Conveniently located within walking distance of the town square and with easy access to Highway 281, this property presents a strong potential for rental income growth. The portfolio is zoned RS-2 Residential, Commercial, allowing for diverse usage possibilities. Each building houses 8 units, offering a manageable scale for investors. The asking price is $850,000, translating to $61.63 per square foot and $53,125 per unit. The property's address is 113 S Reagan St, Hamilton, TX 76531, with a second building located nearby. This portfolio represents a rare chance to acquire a well-positioned multifamily asset in a growing Texas market. The properties are also available for separate purchase.

    Property Features for 113 Reagan St

    General Information

    Property type
    Multifamily properties
    Square Feet
    13,791 SF
    Class
    C
    Lot Size
    59,242 SF

    Building Details

    Year Built/Renovated
    1965/2020
    Buildings
    2
    Stories
    1
    Units
    16

    HighLights

    • 16‑unit multifamily portfolio in Hamilton, TX.
    • Two one‑story buildings totaling 13,791 square feet on a 1.36‑acre lot.
    • Recently renovated (2020‑2023), Class C property.
    • $850,000 asking price ($61.63/SF, $53,125/unit).
    • Convenient location near town square and Highway 281.
    • RS‑2 zoning (Residential, Commercial).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant 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
    Hamilton
    County
    Hamilton
    State
    Texas
    Longitude
    -98.1205865
    Latitude
    31.7019389

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    FAQs

    What type of property is this?
    Multifamily property - 16-unit value-add apartment complex
    Where is this multifamily property located?
    The property is located at 113 Reagan St Hamilton, TX.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 16-unit multifamily portfolio in Hamilton, TX.; Two one-story buildings totaling 13,791 square feet on a 1.36-acre lot.; Recently renovated (2020-2023), Class C property.
    Request Owner's contact information
    113 Reagan St Hamilton, TX 76531
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    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
    113 Reagan St Hamilton, TX 76531
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