About 1400 N Saint Marys St
PRICE CUT! Presenting Sebastian Estates: A rare 24-unit value-add play in Beeville offered at an attractive $73,333/door at a 8.26 PCT CAP Rate (proforma). Twenty-four large 2-bed/1-bath units at 814 sf, all single-level (tenants love this!), durable metal roofs, separately metered power. 1.07 acres with on-site parking. On-site laundry facility provided at no cost to residents (potential to convert to coin-operated for additional income). Beeville's tenant base is anchored by recession-resistant employers: TDCJ McConnell Unit (~540 staff), Coastal Bend College, Beeville ISD, and Eagle Ford energy. With effectively no new multifamily supply in the pipeline, in-place rents average $855 against $950 market, and 42 PCT of units are already leased at $900, the rent lift is real and achievable. Bring the bottom of the rent roll up and stabilize from 88 PCT occupancy, and the value-add play is self-executing.
Features of 1400 N Saint Marys St
| MLS® # | 1965603 |
|---|---|
| Price | $1,760,000 |
| Number Of Units | 24 |
| Square Footage | 17,258 |
| Acres | 1.07 |
| Year Built | 1974 |
| Type | Commercial |
| Sub-Type | Apartments |
| Status | Active |
Community Information
| Address | 1400 N Saint Marys St |
|---|---|
| City | Beeville |
| County | Bee |
| State | TX |
| Zip Code | 78102 |
Multi-Unit Information
| Gross Income | $259,920 |
|---|---|
| Net Operating Income | $145,290 |
Amenities
| Amenities | Not Applicable/None |
|---|---|
| Utilities | Electricity, Water, Sewer |
| Parking Spaces | 48 |
Interior
| Heating | Central |
|---|---|
| Cooling | Central |
| # of Stories | 1.0 |
| Stories | 1 |
Exterior
| Roof | Metal |
|---|---|
| Construction | Brick |
| Foundation | Slab |
School Information
| District | Beeville ISD |
|---|
Additional Information
| Date Listed | May 11th, 2026 |
|---|---|
| Days on Market | 123 |
| Zoning | COMMERCIAL |
| Short Sale | No |
| Cap Rate | 8.26 |
| Gross Rent Multiplier | 6.77 |
| Estimated Taxes | $3 |
Listing Details
| Agent | Erion Shehaj |
|---|---|
| Office | Signature Real Estate |
| Contact Info | (713) 952-3200 |