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Published on: Wednesday, December 17, 2025
Updated on: Wednesday, December 17, 2025
About the Lister
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Name: TIM LARSON
Company: Keller Williams Memorial/KW Commercial
Office Phone: (713) 461 9393
Cell Phone: (281) 508 0800
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  Mariner Apartment Complex: 16-Units

1101 E Main St League City Texas , 77573
1101 E Main St League City Texas , 77573  Keller Williams Memorial/KW Commercial
Listing ID: CL-Texas-27151 Co-op /Multifamily

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 5.8
Net Operating Income: $110,000.00
Quick Glance
Listing ID: CL-Texas-27151
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1971
Building Size: 13,890.00 SqFt
Lot Size: N/A
No of Stories: 2
No of Parking: 25
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Mariner Apartment Complex: 16-Units (10) 2BR/1BA, (6)1BR/1BA, Laundry Room Facility with Coin-Operated W/D's, & room for expansion on this 1-Acre lot in League City, TX.
Complete Details
Year Build: 1971
Building Size: 13,890 SqFt.
No of Stories: 2
Total Lot Area: N/A Acre
No of Parking: 25
No of Total Units: 16
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: C
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

 

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).

 

Additional Properties
Property 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)
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
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2025
$0.00
$0.00
$0.00
$110,000.00
$0.00
0%
Cash Flow for Current Listings

Lending Opportunities

Interested in making an offer on this property or adding it to your portfolio? Our network of experienced lenders is ready to provide you with competitive loan options tailored to your needs. Whether you're an investor or a first-time buyer, securing financing is the key to turning this opportunity into reality. Don’t wait, reach out now to get pre-approved, explore your loan options, and take the next step with confidence!
Company Name Lender Type Contact Name Contact Number Actions
Easy Home Loans, LLC Mortgage Broker Ana M Gonzalez (786) 525-7126 Request Quote
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Listing Location
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Status: Accepting Offers
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Address: N 13th St , La Porte Texas 77571
Listing ID: CL-Texas-27149
Listing Type: Commercial
Category: Land - Commercial
Status: Accepting Offers
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Modified On: 12/17/2025
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Title: Land Development Opportunity in Katy
Address: 5214 Katy Hockley Rd , Katy Texas 77493
Listing ID: CL-Texas-27148
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Category: Land - Commercial
Status: Accepting Offers
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Modified On: 12/17/2025
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