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Days71Days on Market
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$5,900,000

1000 STENGER ST., SAN BENITO, TX, 78586

On MarketInfo
CommercialInfo
Baths0 Bath
Baths42,708 Sq Ft
Multi FamilyMulti Family
price_per_sqft$138.15 / sqft
Year BuiltBuilt in 2007

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size3.23 acres

Building Information

Year Built2006
Stories2

Land Information

APN57-5060-0030-0100-00
SubdivisionClara Subdivision
Land UseResidential
Legal DescriptionSAN BENITO- CLARA PT BLK 3
Census Tract011500
Assessed Land Value$70,304
Assessed Improvement Value$2,357,183
Assessment Year2025

About this property

Well-performing and well-maintained, this 48-unit multifamily property offers a stabilized, income-producing investment in the growing San Benito market. The asset features spacious units, quality interior finishes, and strong tenant retention. Ideally located with easy access to Brownsville, Harlingen, and major thoroughfares, the property benefits from consistent rental demand. A key highlight is the value-add potential, with land and city-approved plans for an additional 16 one-bedroom units, providing a clear path for future expansion and increased revenue. Recent improvements include high-impact shingles (2023), energy-efficient windows, individually metered utilities, and a hurricane drainage system, enhancing long-term durability and efficiency

Investor Tools

Property Icon
$2,427,487
Estimated Property Value
$0Estimated Mortgage Balance
$2,427,487Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$35,400 /month
Positive
Cash Flow Estimate:
$11,800 /month

Interested in this property?

CHRISTOPHER DE LA ROSA

CENTURY 21 JOHNSTON COMPANY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$5,806/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$57,531
$2,427,487
2025
$70,304
$2,357,183
$2,427,487
No

Tax History

Year
Tax Paid
Assessed Value
2025
$57,531
$2,427,487

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,427,487
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: SAN BENITO

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1000 STENGER ST. | Property Details | No Agent List