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401 E Main St
Brenham, TX 77833
16-Unit Investment in Downtown Brenham · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Prime Downtown Location - Steps from Historic Downtown Brenham’s shops, dining, and entertainment
- Value-Add or Redevelopment Potential - Ideal candidate for repositioning as short-term rentals or boutique lodging
- Fully Leased & Income-Producing - 16-unit multifamily property with 100% occupancy and strong, consistent cash flow
- Well-Maintained Asset - Features new roofing, covered parking, an attractive mid-century architecture in a stable, low-maintenance investment property
EXECUTIVE SUMMARY
Colonial Oaks Apartments offers a rare chance to acquire a 100% occupied, cash-flowing multifamily property just steps from Historic Downtown Brenham. Featuring sixteen well-maintained units—twelve one-bedroom and four two-bedroom layouts—across two buildings with covered parking, this charming mid-century complex provides tenants with a quiet courtyard setting and convenient access to local shops, dining, and entertainment. Its excellent location near Blinn College ensures a steady tenant base of students, professionals, and retirees alike.
Situated within a federally designated Opportunity Zone, Colonial Oaks combines strong in-place income with exceptional long-term potential. Investors can benefit from tax incentives, market stability, and redevelopment flexibility, with options to reposition the property as short-term rentals or a boutique lodging concept to meet Brenham’s growing tourism demand. With a new roof, excellent maintenance record, and unbeatable walkable location, Colonial Oaks stands out as a secure and strategic investment opportunity in one of Brenham’s most desirable areas.
Situated within a federally designated Opportunity Zone, Colonial Oaks combines strong in-place income with exceptional long-term potential. Investors can benefit from tax incentives, market stability, and redevelopment flexibility, with options to reposition the property as short-term rentals or a boutique lodging concept to meet Brenham’s growing tourism demand. With a new roof, excellent maintenance record, and unbeatable walkable location, Colonial Oaks stands out as a secure and strategic investment opportunity in one of Brenham’s most desirable areas.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.56 AC |
| Sale Condition | 1031 Exchange | Building Size | 13,200 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | B1 - B1 Local Business Mixed | ||
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.56 AC |
| Building Size | 13,200 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.21/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B1 - B1 Local Business Mixed |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Washer/Dryer
- Kitchen
- Tub/Shower
- Carpet
- Yard
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 700 |
| 2+1 | 4 | - | 900 |
PROPERTY TAXES
| Parcel Number | 3900-000-52100 | Improvements Assessment | $1,457,487 CAD |
| Land Assessment | $103,630 CAD | Total Assessment | $1,561,117 CAD |
PROPERTY TAXES
Parcel Number
3900-000-52100
Land Assessment
$103,630 CAD
Improvements Assessment
$1,457,487 CAD
Total Assessment
$1,561,117 CAD
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