Listed by Marcus & Millichap - Houston
$500,000
Freeport Luxury Cottages
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,640
Units 5
Occupancy 100%
Tenancy Multi
Year Built 1945
Year Renovated 2026
Buildings 5
Stories 1
Acreage 0.290
Parking Spaces 5 spaces
Parking per 1,000 SqFt 1.89
Investment Type Stabilized
Multifamily | 5 Units
Marketing description
Marcus & Millichap is proud to present Freeport Luxury Cottages, a rare opportunity to acquire a fully renovated, stabilized 5-unit community comprised of detached 1-bedroom homes in Freeport, TX. The property offers a unique "build-to-rent" style layout that appeals to tenants seeking privacy and a single-family feel, while maintaining the efficiency of multifamily ownership. With all units updated and separately metered, this asset delivers strong in-place income with minimal operational complexity and long-term upside in a growing coastal market.
Investment highlights
- Fully Renovated & Stabilized Asset - All five units have been upgraded with modern interior finishes, providing immediate cash flow with no deferred maintenance.
- Detached Unit Layout (SFR Appeal) - Standalone 1-bedroom homes offer enhanced tenant privacy, supporting strong demand and tenant retention.
- Operational Efficiency & Lower Expenses - Individually metered utilities, tankless water heaters, and mini-split systems reduce landlord expense exposure and improve NOI.
Listing Contacts
Listed by Marcus & Millichap - Houston
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