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1400 N Saint Marys Street, Beeville, TX 78102

Beeville
Local realty services provided by:CENTURY 21 Judge Fite Company
1400 N Saint Marys Street,Beeville, TX 78102
$1,850,000
  • 2 Beds
  • 1 Baths
  • 19,536 sq. ft.
  • Multi-family
  • Active
Listed by: erion shehaj
Office: signature real estate713-952-3200
MLS#:72383419
Source:HARMLS

Price summary

  • Price:$1,850,000
  • Price per sq. ft.:$94.7

About this home

Presenting Sebastian Estates: A rare 24-unit value-add play in Beeville offered at an attractive $77,000/door at a 7.85% 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 utilities. 1.07 acres with on-site parking. 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, the rent gap closes on its own merits. In-place rents average $855 against $950 market, and 42% of units are already leased at $900, proving the rent lift is real, not aspirational. Bring the bottom of the rent roll up and stabilize from 88% occupancy, and the value-add play is self-executing.

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Home facts

  • Year built:1974
  • Listing ID #:72383419
  • Updated:May 01, 2026 at 08:10 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:19,536 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Year built:1974
  • Building area:19,536 sq. ft.
  • Levels:1 Story

Schools

  • High school:A C JONES HIGH SCHOOL
  • Middle school:MORENO JUNIOR HIGH SCHOOL
  • Elementary school:FADDEN-MCKEOWN-CHAMBLISS ELEMENTARY SCHOOL

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$94.7
  • Tax amount:$36,723 (2025)
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