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Chelsea Court 1349 Jefferson Dr 14 Unit Apartment Building $1,290,000 ($92,143/Unit) Port Arthur, TX 77642
Executive Summary
Excellent opportunity to acquire a 14-unit apartment complex located at 1349 Jefferson Drive in Port Arthur, Texas. This property offers a solid multifamily footprint in an established residential area with convenient access to major employment centers, retail, and transportation corridors.
The property features a desirable unit mix consisting of 6 one-bedroom/one-bath units and 8 two-bedroom/one-bath units, catering to both individual renters and small households. This balanced mix supports strong occupancy and broad tenant demand within the local workforce housing market.
The asset provides steady cash-flow potential with additional upside through improved management, light renovations, or rent optimization. Units are well-suited for value-add enhancements that can increase rents while maintaining affordability for the area.
Located just minutes from major employers, schools, and daily conveniences, the property benefits from consistent rental demand driven by the Port Arthur industrial, refinery, and port-related employment base. Easy access to Highway 73 further enhances connectivity throughout the area.
This offering is well-positioned for investors seeking:
A stabilized or value-add multifamily asset
14 total units with an attractive 1BR/2BR unit mix
Scalable cash flow with long-term appreciation potential
Exposure to an affordable Gulf Coast rental market
Whether held as a long-term income property or repositioned to increase returns, 1349 Jefferson Dr. represents a compelling multifamily investment opportunity.
The property features a desirable unit mix consisting of 6 one-bedroom/one-bath units and 8 two-bedroom/one-bath units, catering to both individual renters and small households. This balanced mix supports strong occupancy and broad tenant demand within the local workforce housing market.
The asset provides steady cash-flow potential with additional upside through improved management, light renovations, or rent optimization. Units are well-suited for value-add enhancements that can increase rents while maintaining affordability for the area.
Located just minutes from major employers, schools, and daily conveniences, the property benefits from consistent rental demand driven by the Port Arthur industrial, refinery, and port-related employment base. Easy access to Highway 73 further enhances connectivity throughout the area.
This offering is well-positioned for investors seeking:
A stabilized or value-add multifamily asset
14 total units with an attractive 1BR/2BR unit mix
Scalable cash flow with long-term appreciation potential
Exposure to an affordable Gulf Coast rental market
Whether held as a long-term income property or repositioned to increase returns, 1349 Jefferson Dr. represents a compelling multifamily investment opportunity.
Property Facts
| Price | $1,290,000 | Building Class | B |
| Price Per Unit | $92,143 | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 23,600 SF |
| No. Units | 14 | Average Occupancy | 86% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1958/2007 |
| Apartment Style | Low-Rise | Parking Ratio | 0.76/1,000 SF |
| Zoning | Commercial | ||
| Price | $1,290,000 |
| Price Per Unit | $92,143 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.45 AC |
| Building Size | 23,600 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2007 |
| Parking Ratio | 0.76/1,000 SF |
| Zoning | Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 850 |
| 2+1 | 8 | - | 850 |
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