1349 Jefferson Dr - Apartments FOR SALE


Port Arthur, TX 77642- Port Arthur/Groves
$1,290,000 USD
281-942-6576
1349 Jefferson Dr, Port Arthur, TX for Sale
$1,290,000 USD
Apartments - FOR SALE
1/53
null | Request Cap Rate

1349 Jefferson Dr
Port Arthur, TX 77642
Port Arthur/Groves


OVERVIEW

Excellent opportunity to acquire a 14-unit apartment complex located at 1349 Jefferson Drive in Port Arthur, Texas. This property offers a solid multifamily footprint in an established residential area with convenient access to major employment centers, retail, and transportation corridors. The property features a desirable unit mix consisting of 6 one-bedroom/one-bath units and 8 two-bedroom/one-bath units, catering to both individual renters and small households. This balanced mix supports strong occupancy and broad tenant demand within the local workforce housing market. The asset provides steady cash-flow potential with additional upside through improved management, light renovations, or rent optimization. Units are well-suited for value-add enhancements that can increase rents while maintaining affordability for the area. Located just minutes from major employers, schools, and daily conveniences, the property benefits from consistent rental demand driven by the Port Arthur industrial, refinery, and port-related employment base. Easy access to Highway 73 further enhances connectivity throughout the area. This offering is well-positioned for investors seeking: A stabilized or value-add multifamily asset 14 total units with an attractive 1BR/2BR unit mix Scalable cash flow with long-term appreciation potential Exposure to an affordable Gulf Coast rental market Whether held as a long-term income property or repositioned to increase returns, 1349 Jefferson Dr. represents a compelling multifamily investment opportunity.

FOR SALE DETAILS

PRICE

$1,290,000 USD

PRICE/SF

$55 USD /SF

# OF UNITS

14

PRICE/UNIT

$92,143

CAP RATE

Request Cap Rate

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chelsea Court

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

Commercial

APN/PARCEL ID

022900-000-001900-00000

ASK ABOUT THIS PROPERTY

Austin JonesKW Commercial | KW Houston CentralMore Info
281-942-6576

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Austin JonesKW Commercial | KW Houston CentralMore Info
281-942-6576

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