www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23131308
23131309

167 Blue Bird Ln, Mineola, TX 75773

HT
TX 657136
NWP Management
NW
TX TX 391425
NWP Management
Scarborough Commercial Real Estate
Listed by NWP Management, Scarborough Commercial Real Estate
$6,500,000
488 days on market
Updated 14 days ago

One Park Place

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 39,956
Net Rentable (SqFt) 38,664
Units 48
Cap Rate 4.07%
NOI $264,447
Occupancy 95%
Pro-Forma Cap Rate 6.61%
Pro-Forma NOI $429,402
Price per SqFt $163
Class A
Year Built 2023
Buildings 3
Stories 3
Investment Type Redevelopment
Occupancy Date 06/05/2025
Ownership 100%

For Sale: Upscale Multifamily Apartment Complex in the Heart of Mineola, Texas

Marketing description

Located in the desirable and picturesque town of Mineola, Texas, this luxury apartment complex offers a rare opportunity to own an elegant and sophisticated investment property. Designed with high-end finishes and modern amenities, this complex provides an unparalleled living experience, making it an ideal residence for tenants seeking both comfort and style.

The property includes Phase 1: two new, three-story apartment buildings, each with 24 spacious units. (48 total). Each apartment is designed with premium features and open floor plans, ensuring a lifestyle of ease and relaxation. Tenants benefit from individually metered electricity, while a RUBS system, managed by Think Utility, is in place for water billing.

With room to expand, the complex offers the potential to complete construction and add up to four additional buildings, providing significant growth opportunities for the investor. The infrastructure is already completed for the 4 new buildings.

Residents also enjoy access to a 2,000 sq. ft. state-of-the-art clubhouse and office space, which includes a fully equipped gym, an outdoor kitchen perfect for social gatherings, and a fenced-in dog park for pets to enjoy.

This property combines modern luxury, ample expansion potential, and a prime location, making it an excellent choice for investors looking to add a premium multifamily asset to their portfolio.

Key Features:

  • 2 existing buildings with 24 units each

  • Potential to add up to 4 more buildings

  • Individually metered for electricity

  • RUBS system for water billing (via Think Utility)

  • 1,292 sq. ft. clubhouse with office, gym, outdoor kitchen, and dog park

  • Elegant design and high-end finishes throughout

  • Prime location in Mineola, Texas

Contact us today for more information or to schedule a private showing!

Investment highlights

Key Features:

  • 2 existing buildings with 24 units each

  • Potential to add up to 4 more buildings

  • Individually metered for electricity

  • RUBS system for water billing (via Think Utility)

  • 1,292 sq. ft. clubhouse with office, gym, outdoor kitchen, and dog park

  • Elegant design and high-end finishes throughout

  • Prime location in Mineola, Texas

Property Website: https://oneparkplace.groupm7.co/

Listing Contacts

HT
TX 657136
NWP Management
NW
TX TX 391425
NWP Management
Scarborough Commercial Real Estate
Listed by NWP Management, Scarborough Commercial Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$264,447.00
$22,037.25/mo

Valuation Metrics

0
DSCR
4.07%
Cap Rate
4.07%
ROI

Map

Zoning

Intelligence Badge
MF-24 ResidentialMulti FamilyMultifamily
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 228 uses
View all 228 uses
Last updated Jan 16, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Hannah Tavenner
License
657136
Brokerage
NWP Brokerage
Name
Nanci Wright
License
TX 391425
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591