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74-Unit Apartment Portfolio
New
For Sale
$4,175,000

928 Waco Street colo, Colorado City, TX 79512

Three apartment communities are positioned across Colorado City and Sweetwater, Texas.

Property Size50,608 SF
Days on Market5

Property Features for 928 Waco Street colo

General Information

Standard status Active
Size 50,608 SF
Property subtype Multifamily
Occupancy 98%

Additional Details

Multifamily Units 74

Amenities

Purchase all three assets together or individually while capitalizing on multiple value-add opportunities across the portfolio.
Generate additional NOI through interior renovations, washer & dryer leasing, reserved parking, storage rentals, laundromat conversion, backyard premiums, and water conservation initiatives.
Located in Sweetwater and Colorado City near major manufacturing, healthcare, renewable energy, oil & gas, and emerging AI data center investments supporting long-term demand.

Building Details

Building Size 50,608 SF
Units 74
Listing Agency: Dallas Office
Listed By: Matt Aslan · License #License(s): TX: 679950
Source: Marcusmillichap
Added: Aug 8 Changed: Aug 9 Last Checked: Aug 11 at 4:40AM

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 Dallas Office

Investment Insights

Based on property information with market context.

This multifamily offering includes 74 apartment units distributed among three communities in Colorado City and Sweetwater, Texas. The properties are presented together as a portfolio while also allowing individual acquisitions, giving prospective ownership flexibility in structuring the transaction.

The offering is situated in West Texas communities with employment bases identified across advanced manufacturing, healthcare, renewable energy, oil and gas, and emerging AI infrastructure investment. The property information also identifies renovation work and several operational initiatives as areas for future ownership consideration, including interior improvements, washer and dryer leasing, reserved parking, backyard rentals, water conservation, storage rentals, and conversion of existing space into a resident laundromat.

Key Highlights

  • 74 apartment units across three communities
  • Properties located in Colorado City and Sweetwater, Texas
  • Available for acquisition individually or as a portfolio

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Storage Facility Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

74
Residential units

Location Intelligence

Trade Area within ½ mile

238
Businesses Nearby

Demographics for 79512, TX

7,974
Population
3,084
Households
2.6
Avg Household Size
36
Median Age
14%
College-Educated
83%
High-School Grad
600.0 sq mi
ZIP Area
13
Density / Sq Mi
$55,855
Median Household Income
$28,725
Median Earnings
$702
Median Rent
$84,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three apartment communities are positioned across Colorado City and Sweetwater, Texas.
Where is this apartment building located?
The property is located at 928 Waco Street colo Colorado City, TX.
What is the asking price?
The asking price for this property is $4,175,000.
What are key features of this property?
This property features: 74 apartment units across three communities; Properties located in Colorado City and Sweetwater, Texas; Available for acquisition individually or as a portfolio
More about this property
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