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$399,000

521 2nd Ave N, Texas City, TX, 77590

On MarketInfo
CommercialInfo
Beds6 Beds
Baths0 Bath
Baths2,208 Sq Ft
Multi FamilyMulti Family
price_per_sqft$180.71 / sqft
Year BuiltBuilt in 1965

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms 0Bathrooms 0
Heating Floor/WallHeating Floor/Wall
CoolingCooling

Exterior

Lot Size6,251 sqft

Building Information

Year Built1965
Stories1
Roof Type121

Land Information

APN7030-0075-0006-000
Lot Number6,7
SubdivisionTexas City
Land UseResidential
Legal DescriptionABST 205 J B WELLS SUR LOTS 6 & 7 BLK 75 TEXAS CITY FIRST DIVISION
Census Tract722200
Assessed Land Value$10,940
Assessed Improvement Value$149,060
Assessment Year2025

About this property

Courtyard Apartments presents an exceptional opportunity to acquire a fully renovated six-unit multifamily property in the heart of Texas City. Originally constructed in 1965 and comprehensively remodeled in 2025, the property offers investors a turnkey asset with modern improvements, no deferred maintenance, and strong potential for stable cash flow in one of Galveston County’s established workforce housing markets. With six residential all-bills-paid units and a sizeable land parcel of half an acre, Courtyard Apartments offers investors both immediate income potential and long-term value through its expansive footprint. Please do not disturb the current tenants.

Investor Tools

$169,806Estimated Mortgage Balance
$48,077Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

Interested in this property?

Kitten Leopold

Leopold & Strahan

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$181/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,089
$120,000
2025
$10,940
$149,060
$160,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,089
$120,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crescent Mortgage Corporation
Purchase Money Mortgage
$180,000
No
First
Apr 18, 2023
Oct 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$169,806
$47,194
21%
78%
$1,080/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Texas City

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521 2nd Ave N | Property Details | No Agent List