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31579269
31579270

306 Calhoun Dr, Rockdale, TX 76567

EC
TX TX 506722
Emerald Real Estate LLC
Listed by Emerald Real Estate LLC
$950,000
65 days on market
Updated 22 days ago

306 Calhoun Dr

Details
APN R74045, R06500-002-045-000
Property Type Multifamily, Industrial
Sub Type Apartment Building
Square Footage 5,184
Units 10
Beds 1
Cap Rate 2.67%
NOI $25,350
Occupancy 85%
Tenancy Multi
Price per SqFt $183
Class C
Year Built 1987
Year Renovated 2025
Buildings 1
Stories 2
Acreage 0.296
Zoning City Restrictions
Parking Spaces 10 spaces
Parking Per SqFt 1.93
Investment Type Stabilized
Ground Lease No

Multifamily | 2.67% CAP | 10 Units

Marketing description

Welcome to an exceptional 10-unit multi-family investment opportunity in the growing community of Rockdale, Texas. Perfectly positioned in the path of progress, this property is located just 28 minutes from the Samsung Semiconductor Facility in Taylor, approximately 45 minutes to Round Rock, and under an hour to Austin—making it an ideal workforce housing asset in one of Central Texas' fastest-expanding economic corridors. This two-story complex features ten efficiently designed 1-bedroom, 1-bathroom units, each offering 518 square feet of easy-to-maintain living space with durable tile flooring throughout, ceiling fans in both living and bedroom areas, and included appliances such as refrigerator, stove, and microwave. The property provides on-site parking and a simple, low-maintenance layout designed for long-term rental stability. With Samsung's multi-billion-dollar expansion driving continued job growth and housing demand in the region, Rockdale presents investors with the opportunity to secure a stabilized asset at more accessible pricing than Austin-area properties while still benefiting from proximity to major employment hubs. This is more than just an apartment complex—it is a strategic income-producing investment positioned in a high-growth market with strong rental demand and long-term upside potential.

Investment highlights

  • Perfectly positioned in the path of progress, this property is located just 28 minutes from the Samsung Semiconductor Facility in Taylor, approximately 45 minutes to Round Rock, and under an hour to Austin
  • Ten efficiently designed 1-bedroom, 1-bathroom units, each offering 518 square feet of easy-to-maintain living space
  • Durable tile flooring throughout, ceiling fans in both living and bedroom areas, and included appliances such as refrigerator, stove, and microwave
  • On-site parking and a simple, low-maintenance layout designed for long-term rental stability
  • Stabilized asset at more accessible pricing than Austin-area properties while still benefiting from proximity to major employment hubs
  • Strategic income-producing investment positioned in a high-growth market with strong rental demand and long-term upside potential

Listing Contacts

EC
TX TX 506722
Emerald Real Estate LLC
Listed by Emerald Real Estate LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$25,350.00
$2,112.50/mo

Valuation Metrics

0
DSCR
2.67%
Cap Rate
2.67%
ROI

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Additional Information

Name
Esmeralda Colon-Zuniga
License
TX 506722
Brokerage Phone
7372806911
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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