Multifamily Property for Sale in Baytown, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Baytown, TX 77520

Description

Marcus & Millichap is pleased to present a fully stabilized multifamily asset nestled in a quiet residential pocket of Baytown, TX. The property comprises 17 two-bedroom/one-bath units and one spacious three-bedroom/two-bath unit, all recently renovated with modern countertops, stainless steel appliances, and a new roof, significantly reducing near-term capital expenditure for a new owner. The renovations have positioned the property to achieve competitive in-place rents of $1,350 for the two-bedroom units, with select units at $975–$1,000 presenting clear upside for a new investor to close the gap to market rents. Every unit features a private outdoor patio and in-unit washer and dryer, premium amenities that drive tenant retention and demand. Onsite covered parking provides an additional value-add opportunity through the implementation of parking fees. This is a compelling opportunity to acquire a stabilized, income-producing asset with immediate cash flow and multiple avenues for value creation, which is ideal for a first-time investor or a seasoned buyer looking to expand their Greater Houston portfolio. Investment Highlights: • Fully stabilized asset achieving competitive market rents through newly renovated units, with additional upside potential through implementation of covered parking fees. • Renovated units feature modern countertops and stainless steel appliances, while recent property upgrades, including new roofs and insulation, enhance energy efficiency and long-term performance. • Every unit features in-unit washer and dryers, a premier amenity driving strong tenant demand and retention. • The property offers an exceptionally strong unit mix consisting of seventeen two-bedroom/one-bath units and one three-bedroom/two-bath unit, supporting broad and consistent tenant demand. Each residence also features a spacious private outdoor patio, providing valuable additional living space that enhances appeal and resident satisfaction.

Market Context

This multifamily in Baytown, TX is listed for sale. It has been on the market for 54 days. Compare it against other multifamily listings for sale in Baytown, TX — <a href="/search/sale/multifamily/texas/baytown">view the full market</a>.

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