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    2322 Central St Dickinson, TX 77539

    Sponsored
    For Sale
    $895,000

    8-Unit Apartment Building, High Occupancy

    Property size:
    5,970 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8-unit apartment building presents a compelling investment opportunity in Dickinson, Texas. Located at 2322 Central Street, this property boasts a total of 5,970 square feet situated on a 14,000 square foot lot. The building, constructed in 1970 and extensively renovated in 2020, comprises three single-story structures. The unit mix includes five 2-bedroom/1-bathroom units, one 3-bedroom/1-bathroom unit, one 1-bedroom/1-bathroom unit, and one 2-bedroom/1.5-bathroom unit. Currently enjoying 100% occupancy, this property generates a substantial net operating income (NOI) of $74,260, representing an attractive 8.30% cap rate. The asking price is $895,000, translating to $111,875 per unit and $149.92 per square foot. Conveniently located near Highway 3, FM 517, and I-45, this property benefits from excellent access to major transportation routes. The property is zoned CR - Conventional Residential, offering stability and potential for future growth. This is a turnkey investment ready to generate immediate income. Financial records are available upon request.

    Property Features for 2322 Central St

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,970 SF

    Building Details

    Year Built/Renovated
    1970/2020
    Buildings
    3
    Stories
    1
    Units
    8

    HighLights

    • 8‑unit apartment building in Dickinson, TX, offering a strong investment opportunity.
    • 5,970 square feet on a 14,000 square foot lot, with three single‑story structures.
    • Unit mix: five 2/1s, one 3/1, one 1/1, and one 2/1.5; currently 100% occupied.
    • $895,000 asking price, generating a $74,260 NOI and an 8.30% cap rate.
    • Excellent location near major highways (Highway 3, FM 517, I‑45), zoned CR - Conventional Residential.
    Property Profile 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 Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dickinson
    County
    Galveston
    State
    Texas
    Longitude
    -95.059103692319
    Latitude
    29.464812448026

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    FAQs

    What type of property is this?
    Multifamily property - 8-Unit Apartment Building, High Occupancy
    Where is this multifamily property located?
    The property is located at 2322 Central St Dickinson, TX.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 8-unit apartment building in Dickinson, TX, offering a strong investment opportunity.; 5,970 square feet on a 14,000 square foot lot, with three single-story structures.; Unit mix: five 2/1s, one 3/1, one 1/1, and one 2/1.5; currently 100% occupied.
    Request Owner's contact information
    2322 Central St Dickinson, TX 77539
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    Dickinson, TX 77539
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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
    2322 Central St Dickinson, TX 77539
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