Renovated Multi-Family Property with ADU in Alvin, TX

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Financial Details

Asking Price:
$645,000
Profit Metric:
Net Operating Income (Annual)
Location:
Alvin, TX, US
Source:
Date:
September 15, 2025

Key Highlights

Fully renovated multi-family home with a separate 1BR/1BA accessory dwelling unit (mother-in-law suite).
Prime corner lot location in historic Old Town Alvin with potential for mixed residential and commercial use.
Significant upgrades in 2023/2024 including HVAC, plumbing, electrical, and all new finishes, offering a move-in ready opportunity.

Description

This exceptional property in historic Old Town Alvin offers a unique opportunity for investors and owner-occupiers alike. The expansive, fully renovated main residence features 3 bedrooms and 3 bathrooms, complemented by a separate 1-bedroom, 1-bathroom accessory dwelling unit (mother-in-law suite) providing excellent passive income potential. Situated on a nearly 3/4 acre corner lot, the home boasts a chef's kitchen with modern amenities, a luxurious primary suite, and a dedicated library. Extensive renovations completed in 2023/2024 include new HVAC, plumbing, electrical systems, tankless water heater, windows, flooring, cabinetry, and finishes throughout, presenting a like-new construction feel. The property's zoning allows for flexible use, potentially accommodating both residential living and commercial office space. Located within walking distance to local amenities, this property offers low taxes and no HOA, making it a rare find.

Industry Information

Industry Description:
Multifamily Property
Classification:
Building & Construction

Operational Snapshot

Year Established:
1955

Real Estate & Lease

Status:
Included
Real Estate Price:
$645,000 USD

Listing Details

Listing ID:
bd83decb-feae-4bbe-9559-0a665c5ab6b4
Deal Status:
For Sale
Date Posted:
June 10, 2024
Last Updated:
September 15, 2025
Currency:
USD