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    20Th St Huntsville, TX 77340

    For Sale
    $1,700,000

    2.19 Acres, 20 Units, SHSU Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.19-acre multifamily investment opportunity in Huntsville, Texas, is ideally situated seconds from Sam Houston State University, one of the fastest-growing universities in Texas. The property currently generates income from fifteen multi-family units and five single-family homes, offering immediate return on investment. This prime development location boasts existing infrastructure, including 12" and 8" sewer lines on-site, with additional 6" lines along both street frontages. Water lines (12" on 20th St and 6" on Ave L ½) are readily available. The property's zoning allows for diverse uses, including multi-family, retail, office, or mixed-use development, catering to the growing student population and the broader Huntsville community. Its proximity to Sam Houston State University (over 21,000 students), along with major employers like TDCJ, Region 6 Educational Service Center, Walmart, and Weatherford, ensures strong tenant demand and future appreciation. The property's location also benefits from its convenient access to retail, restaurants, and parks, enhancing its appeal to residents and customers alike. This rare opportunity presents a compelling investment prospect for both immediate income and long-term growth potential in a thriving Texas market. All utilities are available. Don't miss this chance to acquire one of the few remaining sites of this size near SHSU.

    Property Features for 0 20Th St

    General Information

    Property type
    Multifamily properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Huntsville
    County
    Walker
    State
    Texas
    Longitude
    -95.55185665
    Latitude
    30.71245684

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    FAQs

    What type of property is this?
    Multifamily property - 2.19 Acres, 20 Units, SHSU Area
    Where is this multifamily property located?
    The property is located at 20Th St Huntsville, TX.
    What is the asking price?
    The asking price for this property is $1,700,000.
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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
    20Th St Huntsville, TX 77340
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