713-587-9606
1501 Poole Ave, Port Arthur, TX for Sale
Apartments - FOR SALE
1/34
null | Request Cap Rate

1501 Poole Ave
Port Arthur, TX 77642
Port Arthur/Groves


HIGHLIGHTS

  • The Pointe Apartments offers 226 units with proven renovation upside, 153 units already upgraded with modern interiors including flooring, cabinetry,
  • Current ownership has invested over $1.7 million, enhancing property quality and operational performance.
  • Acquire at a significant discount to today’s construction cost, creating immediate equity value and strong basis protection.
  • Rent growth and occupancy are trending upward as demand for renovated units strengthens.
  • The Beaumont-Port Arthur MSA led Texas’ small metros in job growth at 4.9% in 2024, with employment still rising into 2025.
  • Major employers are investing tens of billions in long-term infrastructure, including Chevron Phillips, Sempra LNG, and Motiva/Valero, driving job cre

OVERVIEW

GET ACCES TO THE VIRTUAL DEAL ROOM BY CLICKING THE LINK BELOW https://grea.com/properties/#/the-pointe-at-port-arthur The Pointe Apartments, located at 1501 Poole Avenue in Port Arthur, Texas, presents a compelling value-add investment opportunity within a thriving industrial-driven submarket. Built in 1967 and extensively renovated from 2020 to 2021 with a $1.7 million capital improvement program, this garden-style multifamily community comprises 226 units spread across 14 two-story buildings on approximately 10.33 landscaped acres. The property offers a diversified unit mix of spacious one-, two-, and three-bedroom layouts, featuring upgraded interiors with stainless steel appliances, stylish vinyl flooring, and generous walk-in closets. Residents benefit from desirable amenities such as a renovated fitness center, modern clubhouse with lounge, business center, laundry facilities, and controlled access, all complemented by responsive on-site management and maintenance. Situated strategically near downtown Port Arthur, Pleasure Island, Sabine Lake, and key employment hubs including maritime and refinery industries, The Pointe enjoys stable housing demand and presents immediate upside potential through vacancy lease-up and further rent growth opportunities. Currently positioned below local market rental rates, the asset offers investors attractive returns and significant future appreciation prospects in a market anchored by consistent economic fundamentals.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

236

CAP RATE

Request Cap Rate

% LEASED

84%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Pointe

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

279

LAND DETAILS

LAND ACRES

10.33 AC

LAND SF

449,975 SF

ZONING

None

APN/PARCEL ID

021450-000-001100-00000,021450-000-001500-00000

ASK ABOUT THIS PROPERTY

Jordon EmmottGlobal Real Estate AdvisorsMore Info
713-587-9606

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

Jordon EmmottGlobal Real Estate AdvisorsMore Info
713-587-9606

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