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$895,000

990 E FM 628, Riviera, TX, 78379

$899,500 ARVInfo
Off MarketInfo
CommercialInfo
Beds12 Beds
Baths10 Bath
Baths6,078 Sq Ft
Multi FamilyMulti Family
price_per_sqft$147.25 / sqft
Year BuiltBuilt in 1998

About this property

Rare opportunity to own a cash-flowing waterfront property on Baffin Bay with short-term rentals allowed! Situated on 2.6 acres, this unique property includes four separate buildings and boasts over 200 feet of water frontage protected by a concrete bulkhead. The 300+ foot fishing pier features a spacious L-head, allowing multiple groups to fish comfortably. Building One includes four one-bedroom units, each furnished with four beds and kitchenettes. Building Two also offers four one-bedroom units, each with two beds and full kitchens. Building Three is a 2-bedroom, 1-bath home built approx. 10 years ago. Perfect as an on-site manager’s residence, it features a second bedroom that can serve as an office with it's own entrance, and a separate laundry room with capacity for four washers/dryers. The largest structure, Building Four, sits closest to the water and showcases panoramic views of Baffin Bay through seven large windows. Inside is an open-concept living/dining/kitchen area and two bedrooms—ideal for entertaining or relaxing. Multiple outdoor seating areas enhance the guest experience. Whether you're looking to retire and manage on-site or rent all 10 units and manage remotely, this is a turn-key investment. Easy access to FM roads and just 15 minutes from I-69. An additional shaded, undeveloped section offers potential for RV sites. Listed at $895,000—don’t miss out!

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Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$899,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,370 /month
Positive
Cash Flow Estimate:
$1,790 /month

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Financing Details

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

Learn About the Market: Opportunity in Texas

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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: Riviera

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990 E FM 628 | Property Details | No Agent List