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The Pointe 1501 Poole Ave 236 Unit Apartment Building For Sale Port Arthur, TX 77642
INVESTMENT HIGHLIGHTS
- The Pointe Apartments offers 226 units with proven renovation upside, 153 units already upgraded with modern interiors including flooring, cabinetry,
- Acquire at a significant discount to today’s construction cost, creating immediate equity value and strong basis protection.
- The Beaumont-Port Arthur MSA led Texas’ small metros in job growth at 4.9% in 2024, with employment still rising into 2025.
- Current ownership has invested over $1.7 million, enhancing property quality and operational performance.
- Rent growth and occupancy are trending upward as demand for renovated units strengthens.
- Major employers are investing tens of billions in long-term infrastructure, including Chevron Phillips, Sempra LNG, and Motiva/Valero, driving job cre
EXECUTIVE SUMMARY
GET ACCES TO THE VIRTUAL DEAL ROOM BY CLICKING THE LINK BELOW
https://grea.com/properties/#/the-pointe-at-port-arthur
The Pointe Apartments, located at 1501 Poole Avenue in Port Arthur, Texas, presents a compelling value-add investment opportunity within a thriving industrial-driven submarket. Built in 1967 and extensively renovated from 2020 to 2021 with a $1.7 million capital improvement program, this garden-style multifamily community comprises 226 units spread across 14 two-story buildings on approximately 10.33 landscaped acres. The property offers a diversified unit mix of spacious one-, two-, and three-bedroom layouts, featuring upgraded interiors with stainless steel appliances, stylish vinyl flooring, and generous walk-in closets.
Residents benefit from desirable amenities such as a renovated fitness center, modern clubhouse with lounge, business center, laundry facilities, and controlled access, all complemented by responsive on-site management and maintenance. Situated strategically near downtown Port Arthur, Pleasure Island, Sabine Lake, and key employment hubs including maritime and refinery industries, The Pointe enjoys stable housing demand and presents immediate upside potential through vacancy lease-up and further rent growth opportunities. Currently positioned below local market rental rates, the asset offers investors attractive returns and significant future appreciation prospects in a market anchored by consistent economic fundamentals.
https://grea.com/properties/#/the-pointe-at-port-arthur
The Pointe Apartments, located at 1501 Poole Avenue in Port Arthur, Texas, presents a compelling value-add investment opportunity within a thriving industrial-driven submarket. Built in 1967 and extensively renovated from 2020 to 2021 with a $1.7 million capital improvement program, this garden-style multifamily community comprises 226 units spread across 14 two-story buildings on approximately 10.33 landscaped acres. The property offers a diversified unit mix of spacious one-, two-, and three-bedroom layouts, featuring upgraded interiors with stainless steel appliances, stylish vinyl flooring, and generous walk-in closets.
Residents benefit from desirable amenities such as a renovated fitness center, modern clubhouse with lounge, business center, laundry facilities, and controlled access, all complemented by responsive on-site management and maintenance. Situated strategically near downtown Port Arthur, Pleasure Island, Sabine Lake, and key employment hubs including maritime and refinery industries, The Pointe enjoys stable housing demand and presents immediate upside potential through vacancy lease-up and further rent growth opportunities. Currently positioned below local market rental rates, the asset offers investors attractive returns and significant future appreciation prospects in a market anchored by consistent economic fundamentals.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 10.33 AC |
| No. Units | 236 | Building Size | 187,200 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1967/2020 |
| Building Class | C | Parking Ratio | 1.49/1,000 SF |
| Zoning | None | ||
| Sale Type | Investment |
| No. Units | 236 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 10.33 AC |
| Building Size | 187,200 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built/Renovated | 1967/2020 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | None |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Den
- Dining Room
- Handrails
- Trash Compactor
- Vinyl Flooring
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Gated
- Furnished Units Available
- Package Service
- Renters Insurance Program
- Hearing Impaired Accessible
- Maintenance on site
- Online Services
- Vision Impaired Accessible
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 84 | - | 650 - 680 |
| 2+1 | 110 | - | 850 - 935 |
| 2+1.5 | 22 | - | 888 |
| 3+2 | 20 | - | 1,152 |
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The Pointe | 1501 Poole Ave
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