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$900,000

1101 Demolay St, La Marque, TX, 77568

On MarketInfo
Just AddedInfo
Baths0 Bath
Baths6,505 Sq Ft
price_per_sqft$138.36 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
CoolingCooling

Exterior

Lot Size23,505 sqft

Building Information

Year Built1971
Stories1
Roof Type172
Garage Spaces5

Land Information

APN3978-0000-0002-006
Lot Number2
SubdivisionHighland City Sw Rr Track
Land UseResidential
Legal DescriptionABST 150 J D MOORE SUR PT OF LOT 2 (2-6) HIGHLAND CITY
Census Tract722800
Assessed Land Value$10,580
Assessed Improvement Value$409,420
Assessment Year2025

About this property

Demolay Apartments is a recently renovated multifamily property located at 1101 Demolay Street, La Marque, Texas 77568, within the Galveston County submarket. Originally constructed in 1971 and remodeled in 2025, the property offers an opportunity to acquire an updated asset positioned to serve the growing demand for quality rental housing throughout the region. The property consists of approximately 6,505 square feet of building area situated on a 23,505-square-foot parcel. The recent renovation enhances the asset’s marketability through updated finishes, improved functionality, and reduced near-term capital improvement needs. Demolay Apartments represents a value-enhanced multifamily opportunity with the benefits of a recently remodeled asset, an established location, and exposure to the continued economic growth and residential demand within the Galveston County submarket. Please do not disturb tenants.

Investor Tools

$452,815Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,400 /month
Positive
Cash Flow Estimate:
$1,800 /month

Interested in this property?

Ryan DeGennaro

CORE Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$249/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,899
$218,400
2025
$10,580
$409,420
$420,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,899
$218,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Crescent Mortgage Corp
Purchase Money Mortgage
$480,000
No
First
Jul 31, 2023
Feb 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$452,815
N/A
0%
207%
$2,878/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.

Explore Texas Explore This Area
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: La Marque

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1101 Demolay St | Property Details | No Agent List