Commercial Property for Sale in League City Texas 77573
1101 E Main St, League City, Texas 77573
$1,895,000
$136 / sq ft 5.8% cap rate Listed Dec 17, 2025
13,890 sqft
Building
1971
Built
2
Stories
25
Parking
16
Units
Class C
Class
About this property
Commercial Property for Sale in League City Texas 77573 is a multifamily for sale in League City, Texas, listed at $1,895,000. Key details: year built 1971, building size 13,890 sqft, stories 2, parking spaces 25. Listed by TIM LARSON of Keller Williams Memorial/KW Commercial on LoopingCloud and last updated December 17, 2025.
Turn-Key 16-Unit Multi-Family Investment with Upside – League City, TX
The Mariner Apartment Complex presents a compelling opportunity to acquire a stabilized, income-producing, 16-unit multi-family property situated on a generous 1-acre lot in sought-after League City, TX. This investment offers immediate cash flow with significant potential for maximizing returns.
Property Features & Income Upside:
-
Desirable Unit Mix: The complex features an attractive configuration of (10) spacious 2-bedroom/1-bath units and (6) 1-bedroom/1-bath units.
-
Recent Improvements: The property has undergone recent updates, including refreshed units, new leases, updated A/C units, plumbing, and paint, minimizing immediate capital expenditure.
-
Ancillary Income: Includes an on-site laundry room facility with coin-operated washer/dryers.
-
Expansion Potential: The large 1-acre lot offers room for potential future expansion.
-
Investment Upside: Rents are currently below market rate, providing a clear path for new ownership to increase rental income and boost the property's Net Operating Income (NOI).
-
Convenience: All units are separately metered, and the property features ample, multi-area parking (25+ spaces).
Prime League City Location: Located southeast of downtown Houston, the complex benefits from high demand driven by proximity to major employers like the NASA Space Center and the Southeast Medical Center. Residents enjoy access to major retail (Walmart, Target, Home Depot), the League City Historic District, and recreational amenities popular among boating and fishing enthusiasts in Clear Lake and Galveston Bay. The property is conveniently close to I-45, connecting it to Webster, Friendswood, and Galveston Beach (30 minutes south).
Key highlights
- Pro-Forma Cap Rate 7.33%
- Pro-Forma NOI $138,876
- Year Renovated 2024
- Zoning MLT FAM DWLG
- APN 4602-0000-0002-002
- Price/Unit $118,437.50
- 16-Units that are individually metered
- Room for expansion, 1-Acre lot
- Separate Laundry Room, Coin-Operated W/D
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1971
- Building Size
- 13,890 sqft
- Stories
- 2
- Parking Spaces
- 25
- Total Units
- 16
- Building Class
- Class C
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $110,000
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
5.8%
Cap rate
$110,000
Net operating income
$136
Price per sq ft
Actual - Cash Flow
Source: Yearly tax returns
Gross incomeNet operating income
| Year | Gross income | Effective gross | Expenses | NOI | Pre-tax cash flow | Cap rate |
|---|---|---|---|---|---|---|
| 2025 | - | - | - | $110,000 | - | - |
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $1,895,000 | 5.8% | - | - | - |
Features and amenities
Property Features
- Pro-Forma Cap Rate: 7.33%
- Pro-Forma NOI: $138,876
- Year Renovated: 2024
- Zoning: MLT FAM DWLG
- APN: 4602-0000-0002-002
- Price/Unit: $118,437.50
Highlights
- 16-Units that are individually metered
- Room for expansion, 1-Acre lot
- Separate Laundry Room, Coin-Operated W/D
- Desirable Unit Mix: (10)2BR/1BA, (6)1BR/1BA
- Close to NASA Space Center, Webster, Southeast Medical Center
- Popular area for boating, fishing, golf, and walking trails
- Upside in Rental Income (below market currently)
Location
Address as shown by the lister.
Get directionsAbout this area - League City
- Population
- 41,727
- Housing units
- 15,395
- Land area
- 34.7 sq mi
- County
- Galveston
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in League City Texas 77573?
Commercial Property for Sale in League City Texas 77573 is listed at $1,895,000. That works out to about $136 per square foot. The stated cap rate is 5.8%.
Where is Commercial Property for Sale in League City Texas 77573 located?
The property is in 1101 E Main St, League City, Texas 77573, Galveston County.
What type of property is this?
This is a multifamily for sale in the commercial category.
How big is the property?
The building is 13,890 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
TIM LARSON of Keller Williams Memorial/KW Commercial listed this property. Use the Request Info button to send a message or call (713) 461-9393.
When was this listing published?
It was published on December 17, 2025 and last updated on December 17, 2025.
Listing information
- Listing ID
- CL-Texas-27151
- Published
- Dec 17, 2025
- Last updated
- Dec 17, 2025
- Views
- 195
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