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Jefferson Square Apartments 200 N Jefferson St 40 Unit Apartment Building $2,775,000 ($69,375/Unit) 7.46% Cap Rate Abilene, TX 79603
Investment Highlights
- Strong in-place yield
- Below market rents
- Stable secondary market
- High occupancy
- Value-add upside
Executive Summary
efferson Square Apartments is a 40-unit multifamily asset located in close proximity to Highway 277 and Interstate 20 at 200 N. Jefferson in Abilene, Texas. This property offers investors a stabilized asset with strong in-place cash flow and significant upside through rent growth and operational improvements.
The property is currently operating at approximately 90% occupancy with a current monthly rent roll of approximately $30,976, providing immediate income with additional upside through lease-up and rent normalization.
Abilene fundamentals remain supportive for workforce and value-oriented housing. ALN reported January 2026 conventional occupancy of 96.7% and average asking rents of $1,191 per unit, up 19.2% year over year, while the subject's in-place occupied rent averages roughly $860 per occupied unit. That gap, combined with recent citywide momentum in employment, education, and AI-related infrastructure investment, creates a compelling repositioning and yield story for investors seeking current cash flow with operational upside.
The property is currently operating at approximately 90% occupancy with a current monthly rent roll of approximately $30,976, providing immediate income with additional upside through lease-up and rent normalization.
Abilene fundamentals remain supportive for workforce and value-oriented housing. ALN reported January 2026 conventional occupancy of 96.7% and average asking rents of $1,191 per unit, up 19.2% year over year, while the subject's in-place occupied rent averages roughly $860 per occupied unit. That gap, combined with recent citywide momentum in employment, education, and AI-related infrastructure investment, creates a compelling repositioning and yield story for investors seeking current cash flow with operational upside.
Property Facts
| Price | $2,775,000 | Apartment Style | Garden |
| Price Per Unit | $69,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.07 AC |
| Cap Rate | 7.46% | Building Size | 28,952 SF |
| No. Units | 40 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1976 |
| Price | $2,775,000 |
| Price Per Unit | $69,375 |
| Sale Type | Investment |
| Cap Rate | 7.46% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.07 AC |
| Building Size | 28,952 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 1976 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 400 |
| 2+1 | 28 | - | 1,034 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 52390 | Improvements Assessment | $329,387 |
| Land Assessment | $42,813 | Total Assessment | $372,200 |
Property Taxes
Parcel Number
52390
Land Assessment
$42,813
Improvements Assessment
$329,387
Total Assessment
$372,200
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Contact the Sale Advisor
Jefferson Square Apartments | 200 N Jefferson St