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133 Old Line Dr
Nacogdoches, TX 75965
Northstar Apartment Homes · Multifamily Property For Sale
·
79 Units
Investment Highlights
- NEAR STEPHEN F. AUSTIN UNIVERSITY
- IMPLEMENT UTILITY REIMBURSEMENT
- ATTRACTIVE FINANCING OPTIONS
- SIGNIFICANT RENT GROWTH
- REDUCE LOSS TO LEASE
Executive Summary
Marcus & Millichap is pleased to present the opportunity to purchase North Star Apartments in Nacogdoches, Texas.
Built in 1975 and renovated in 2025, North Star sits on 3.48 acres, and is conveniently located off North Street/Highway 59 Business in the heart of Nacogdoches. The property is two miles from Stephen F. Austin University, and close to Nacogdoches Memorial Hospital, Nacogdoches Public Schools, and Major National Retailers.
The 79-unit community features spacious courtyards, picnic area with bbq grill, walking trails, ample parking, and on-site laundry facilities. The property offers studio, one and two-bedroom units with open floor plans, vinyl plank flooring, energy efficient appliances, and modern finishes.
With a student population of nearly 12,000 and the recent inclusion of SFA in the University of Texas System, the properties present substantial opportunities to generate stable cash flow while increasing investment returns.
North Star is offered ‘free and clear’ of existing debt allowing new ownership to secure attractive financing with multiple years of interest-only available. Contact MMCC for more details.
Built in 1975 and renovated in 2025, North Star sits on 3.48 acres, and is conveniently located off North Street/Highway 59 Business in the heart of Nacogdoches. The property is two miles from Stephen F. Austin University, and close to Nacogdoches Memorial Hospital, Nacogdoches Public Schools, and Major National Retailers.
The 79-unit community features spacious courtyards, picnic area with bbq grill, walking trails, ample parking, and on-site laundry facilities. The property offers studio, one and two-bedroom units with open floor plans, vinyl plank flooring, energy efficient appliances, and modern finishes.
With a student population of nearly 12,000 and the recent inclusion of SFA in the University of Texas System, the properties present substantial opportunities to generate stable cash flow while increasing investment returns.
North Star is offered ‘free and clear’ of existing debt allowing new ownership to secure attractive financing with multiple years of interest-only available. Contact MMCC for more details.
Property Facts
| Sale Type | Investment | Building Size | 69,954 SF |
| No. Units | 79 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1975/2024 |
| Apartment Style | Garden | Parking Ratio | 2.07/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 3.48 AC | ||
| Zoning | n/a - none | ||
| Sale Type | Investment |
| No. Units | 79 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.48 AC |
| Building Size | 69,954 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2024 |
| Parking Ratio | 2.07/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | n/a - none |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Carpet
- Family Room
- Framed Mirrors
- Pantry
- Patio
- Porch
- Vinyl Flooring
- Window Coverings
Site Amenities
- Clubhouse
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Grill
- Trash Pickup - Curbside
- Walking/Biking Trails
- Maintenance on site
- Pond
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 460 - 525 |
| 1+1 | 34 | - | 900 |
| 2+1.5 | 35 | - | 1,100 |
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