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

    228 Main St Jacksonville, TX 75766

    Sponsored
    For Sale
    $3,499,000

    38-unit portfolio, high occupancy, strong NOI.

    Property size:
    40,556 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 38-unit multifamily portfolio located at 228 S Main St, Jacksonville, TX 75766. The property comprises a mix of 33 residential units and 5 commercial units, totaling 40,556 square feet across 25 buildings. Each building is a single-story structure. The portfolio boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $311,100 annually, representing an 8.89% cap rate. The asking price is $3,499,000, translating to $92,078.95 per unit and $86.28 per square foot. The property underwent renovations in 2022. The residential units consist of 15 single-family homes and 9 duplexes. The commercial component is a 5-unit office building situated in downtown Jacksonville. This stabilized investment offers a compelling return on investment with its high occupancy, strong cash flow, and recent renovations. The property's location in Jacksonville, Texas provides a stable market for rental income. Financial records are available upon request to qualified buyers. This is a rare opportunity to acquire a well-maintained, high-performing multifamily portfolio in a desirable location.

    Property Features for 228 Main St

    General Information

    Property type
    Multifamily properties
    Square Feet
    40,556 SF

    Building Details

    Year Renovated
    2022
    Buildings
    25
    Stories
    1
    Units
    38

    HighLights

    • 38‑unit multifamily property with 33 residential and 5 commercial units.
    • $30,575 monthly gross income.
    • 40,556 square feet, priced at $80 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Cherokee
    State
    Texas
    Longitude
    -95.272502890617
    Latitude
    31.962838393748

    Nearby Similar for Sale

    • $1,650,000
      45,322 SF

      Industrial Warehouse with Office Space

      45,322 SF warehouse with office on 5.89 acres.
      101 Anvil St, Jacksonville, TX 75766
      View Details
    • $1,650,000
      5.89 Acres

      Jacksonville Industrial Warehouse on Lease

      45,322 sqft industrial warehouse with office space on 5.89 acres.
      101 Anvil St, Jacksonville, TX 75766
      View Details
    • $515,000
      1,404 SF

      East Texas Ranch on 38 Acres

      38-acre ranch featuring a 1,404 sq ft home near Jacksonville.
      120 Fm 2064 N, Jacksonville, TX 75766
      View Details
    • $350,000
      5,750 SF

      Downtown Commercial Space Opportunity

      Adaptable commercial space in a rapidly developing downtown area.
      300 S Main St, Jacksonville, TX 75766
      View Details
    • $154,000
      2,400 SF

      Commercial Building with Showroom/Warehouse Space

      Commercial property with showroom and warehouse space in Jacksonville, TX.
      419 W Larissa St, Jacksonville, TX 75766
      View Details
    • $614,000
      3.15 Acres

      Jacksonville, TX - Hwy 69 Frontage

      NNN leased vet clinic in Jacksonville, TX Opportunity Zone.
      37252 Us Hwy. 69 N, Jacksonville, TX 75766
      View Details
    • $614,000
      6,525 SF

      Jacksonville Retail/Medical Investment Opportunity

      NNN leased vet clinic on Hwy 69, Jacksonville, TX.
      37252 Us Hwy. 69 N, Jacksonville, TX 75766
      View Details
    • New
      $250,000
      0.25 Acres

      Jacksonville Commercial Trucking Mechanic Shop

      Commercial mechanic shop and mobile home for sale near Jacksonville.
      6254 W Us Highway 79, Jacksonville, TX 75766
      View Details
    • $50,000
      1,680 SF

      Unique Office/Warehouse on Rusk Street

      Versatile 1,680 SF office/warehouse with redevelopment potential in Jacksonville, TX.
      1132 W Rusk St, Jacksonville, TX 75766
      View Details
    • $595,000

      Historic Home: Income & Wedding Venue

      Historic home suitable for Airbnb, wedding venue, or residence.
      301 W Larissa St, Jacksonville, TX 75766
      View Details
    • $8,906,000
      4,700 SF

      Retail Portfolio For Sale

      Five retail properties available as a portfolio or individually.
      2015 S Jackson St, Jacksonville, TX 75766
      View Details
    • $4,300,000
      70,400 SF

      70,400 SF Manufacturing Facility

      70,400 SF manufacturing facility on 13.59 acres.
      1613 N Bolton St, Jacksonville, TX 75766
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 38-unit portfolio, high occupancy, strong NOI.
    Where is this multifamily property located?
    The property is located at 228 Main St Jacksonville, TX.
    What is the asking price?
    The asking price for this property is $3,499,000.
    What are key features of this property?
    This property features: 38-unit multifamily property with 33 residential and 5 commercial units.; $30,575 monthly gross income.; 40,556 square feet, priced at $80 per square foot.
    Request Owner's contact information
    228 Main St Jacksonville, TX 75766
    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.
    228 Main St
    Jacksonville, TX 75766
    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
    228 Main St Jacksonville, TX 75766
    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.