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

    2511 Highway 35 Alvin, TX 77511

    For Sale
    Contact for pricing

    20-Unit Multifamily Complex, High NOI

    Property size:
    21,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 20-unit apartment building, located at 2511 S Hwy 35 in Alvin, Texas, presents a compelling investment opportunity. Boasting 21,640 square feet on an 81,457 square foot lot, the property currently enjoys a 90% occupancy rate, generating a Net Operating Income (NOI) of $167,574. A pro-forma NOI of $212,738 indicates significant upside potential. The property includes 42 parking spaces, a key amenity for residents. The well-maintained units benefit from low tenant turnover due to a long-term owner's commitment to tenant satisfaction and retention. All units are included in the sale. Situated in the thriving Houston suburb of Alvin, this property benefits from its proximity to major employment centers, including the Port of Houston, and enjoys easy access to recreational opportunities in nearby Kemah, Galveston, and Pearland. The planned expansion of Hwy 35 Bypass into the Grand Parkway is projected to positively impact land value, further enhancing the long-term investment potential. This is a rare opportunity to acquire a stable, high-performing multifamily asset in a rapidly growing market. The property's strong performance, coupled with its strategic location and future development prospects, makes it an ideal addition to any investment portfolio. Detailed financial statements are available upon request.

    Property Features for 2511 Highway 35

    General Information

    Property type
    Multifamily properties
    Square Feet
    21,640 SF

    Building Details

    Units
    20

    HighLights

    • Excellent condition, well‑maintained 20‑unit apartment building.
    • Low tenant turnover due to owner's focus on tenant satisfaction.
    • All 20 units included in the sale.
    • Highway 35 Bypass expansion into the Grand Parkway will positively impact land value.
    • Strong NOI of $167,574 with pro‑forma NOI of $212,738 indicating significant upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvin
    County
    Brazoria
    State
    Texas
    Longitude
    -95.2475518
    Latitude
    29.3845708

    Nearby Similar for Sale

    • $319,000
      936 SF

      Updated Office Building on Highway

      Move-in ready office building with highway frontage and ample parking.
      2466 W State Hwy, Alvin, TX
      View Details
    • $975,000

      Stabilized Parking Facility in Alvin, TX

      Fully stabilized storage and parking facility in rapidly expanding Alvin, TX.
      18501 Tx-6, Alvin, TX 77511
      View Details
    • $585,000

      Turnkey Multifamily Investment Property

      Renovated 8-unit apartment complex near downtown Alvin, Texas.
      1001 W Lobitt St, Alvin, TX 77511
      View Details
    • $825,000

      Renovated 8-Unit Apartment Complex

      Fully occupied, renovated apartment complex in Alvin, Texas.
      1312 W Adoue St, Alvin, TX 77511
      View Details
    • $1,300,000
      5,550 SF

      Fully Leased Alvin Retail Center

      5,550 SF retail center with established tenants in Alvin.
      1516 S Gordon St, Alvin, TX 77511
      View Details
    • $499,000
      3,410 SF

      Renovated Car Wash "BARWASH"

      Renovated car wash in historical Alvin, potential for various businesses.
      503 W Sealy St, Alvin, TX 77511
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 20-Unit Multifamily Complex, High NOI
    Where is this multifamily property located?
    The property is located at 2511 Highway 35 Alvin, TX.
    What are key features of this property?
    This property features: Excellent condition, well-maintained 20-unit apartment building.; Low tenant turnover due to owner's focus on tenant satisfaction.; All 20 units included in the sale.
    Request Owner's contact information
    2511 Highway 35 Alvin, TX 77511
    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.
    2511 Highway 35
    Alvin, TX 77511
    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
    2511 Highway 35 Alvin, TX 77511
    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.