1400 N Saint Marys St Beeville, TX 78102
17,258 Sq. Ft. / 46,609 Sq. Ft., 1.07 acres lot size / Multi-Family
Listing Courtesy of: Erion Shehaj - Signature Real Estate (713) 952-3200 [email protected]
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Presenting Sebastian Estates: A rare 24-unit value-add play in Beeville offered at an attractive $77,000/door at a 7.85 PCT CAP Rate (proforma). Twenty-four large 2-bed/1-bath units at 814 sf, all single-level (tenants love this!), durable metal roofs, separately metered power. 1.07 acres with on-site parking. On-site laundry facility provided at no cost to residents (potential to convert to coin-operated for additional income). Beeville's tenant base is anchored by recession-resistant employers: TDCJ McConnell Unit (~540 staff), Coastal Bend College, Beeville ISD, and Eagle Ford energy. With effectively no new multifamily supply in the pipeline, the rent gap closes on its own merits. In-place rents average $855 against $950 market, and 42 PCT of units are already leased at $900, proving the rent lift is real, not aspirational. Bring the bottom of the rent roll up and stabilize from 88 PCT occupancy, and the value-add play is self-executing.
property details
Type
Multi-Family
Status
Active
County
Bee
Year Built
1974
Sq. Ft.
17,258
Lot Size
46,609 Sq. Ft., 1.1 acres
Listing Id
1965603
Courtesy Of
Erion Shehaj - Signature Real Estate (713) 952-3200 [email protected]
List Office Phone
+1 713 952 3200
Interior Features
Living Area Units
Sq. Ft.
Exterior Features
Roof
Metal
Foundation
Slab
Stories
1
Parking Spaces
48
Utility & Building Info
Parcel Number
4457
Cooling
Central Air
Heating
Central
Tax Amount
2
Building Area Total
17,258 Sq. Ft.
Price Per Sq Ft
$107
Architectural Style
1 Story
| The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. These real estate listings were derived from the San Antonio Board of REALTORS® which this brokerage is an independently owned member. |
Price History
| date | event | price | source |
|---|---|---|---|
|
05/11/2026
05/11/2026
|
Active |
$1,850,000
|
San Antonio Board of Realtors (SABOR) |
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Market Trends
Source: Constellation1
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