1101 Demolay St - Apartments FOR SALE


La Marque, TX 77568
$900,000 USD
713-405-7480
1101 Demolay St, La Marque, TX for Sale
$900,000 USD
Apartments - FOR SALE
1/11
null | 7.03% Cap Rate

1101 Demolay St
La Marque, TX 77568


HIGHLIGHTS

  • Recently Renovated Multifamily Asset: Comprehensive remodel in 2025, enhancing resident appeal and reducing near-term capital expenditure requirements
  • Strategic Galveston County Location: Access to regional employment centers, transportation corridors, and coastal market amenities
  • Efficient Building Profile: 6,505 SF of rentable building area with a one-story layout designed for operational efficiency and resident convenience
  • Well-Sized Parcel: Positioned on a 23,505 SF lot, providing an efficient land-to-building ratio and potential flexibility for property operations
  • Value-Add Opportunity: Renovated asset positioned to capture demand for updated housing in a growing submarket.
  • Strong Regional Connectivity: Easy access to Texas City, Galveston, and the greater Houston area

OVERVIEW

Avenue B Apartments is a recently renovated 13-unit multifamily property located in the North Galveston County submarket. Originally constructed in 1965, the property underwent a comprehensive remodel in 2025, providing investors with the benefits of a modernized asset while retaining the character of an established neighborhood. The property consists of two-story buildings encompassing approximately 3,724 square feet of rentable building area on a 6,240-square-foot site. The recent renovation is expected to reduce near-term capital expenditure requirements and enhance tenant appeal, positioning the asset competitively within its market. Situated in the North Galveston County submarket, the property benefits from access to regional employment centers, transportation corridors, and local amenities that support stable rental demand. Its boutique size offers operational simplicity while providing diversification across 13 residential units. According to available flood mapping, the property is subject to a 500-year flood risk designation. While this represents a lower probability flood exposure than properties located within 100-year flood zones, prospective investors should conduct appropriate due diligence regarding flood insurance requirements and historical flood performance. Overall, Avenue B Apartments represents an opportunity to acquire a recently renovated, smaller-scale multifamily asset with limited anticipated deferred maintenance in an established North Galveston County location.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

12

PRICE/UNIT

$75,000

CAP RATE

7.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1101 Demolay St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,549 SF

ZONING

-

APN/PARCEL ID

3978-0000-0002-006

ASK ABOUT THIS PROPERTY

Matthew BeanHunington Properties, Inc.More Info
713-405-7480

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Matthew BeanHunington Properties, Inc.More Info
713-405-7480

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.