200 N Jefferson St - Apartments FOR SALE


Abilene, TX 79603- Westwood Richland
$2,775,000 USD
806-358-7151
200 N Jefferson St, Abilene, TX for Sale
$2,775,000 USD
Apartments - FOR SALE
1/28
null | 7.46% Cap Rate

200 N Jefferson St
Abilene, TX 79603
Westwood Richland


HIGHLIGHTS

  • Strong in-place yield
  • High occupancy
  • Below market rents
  • Value-add upside
  • Stable secondary market

OVERVIEW

efferson Square Apartments is a 40-unit multifamily asset located in close proximity to Highway 277 and Interstate 20 at 200 N. Jefferson in Abilene, Texas. This property offers investors a stabilized asset with strong in-place cash flow and significant upside through rent growth and operational improvements. The property is currently operating at approximately 90% occupancy with a current monthly rent roll of approximately $30,976, providing immediate income with additional upside through lease-up and rent normalization. Abilene fundamentals remain supportive for workforce and value-oriented housing. ALN reported January 2026 conventional occupancy of 96.7% and average asking rents of $1,191 per unit, up 19.2% year over year, while the subject's in-place occupied rent averages roughly $860 per occupied unit. That gap, combined with recent citywide momentum in employment, education, and AI-related infrastructure investment, creates a compelling repositioning and yield story for investors seeking current cash flow with operational upside.

FOR SALE DETAILS

PRICE

$2,775,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

40

PRICE/UNIT

$69,375

CAP RATE

7.46%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jefferson Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

-

APN/PARCEL ID

52390

ASK ABOUT THIS PROPERTY

Kirk ChudejFIMC Commercial RealtyMore Info
806-358-7151

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Kirk ChudejFIMC Commercial RealtyMore Info
806-358-7151

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