Multifamily
Villas on 517
5419 FM 517 Rd E, Dickinson, TX 77539
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Villas on 517, a 72-unit apartment community built in 1997 in Dickinson, Texas. The property features spacious floor plans with an average unit size of 1,118 square feet and offers significant value-add potential through the renovation of 56 classic units, projected to generate meaningful rent premiums. New ownership can further enhance income through multiple ancillary revenue opportunities including bulk cable and internet, washer/dryer leasing, valet trash service, and the conversion of the existing leasing office into a rentable unit. Located along FM 517 with immediate access to Interstate 45, Villas on 517 benefits from strong connectivity to Houston, Galveston, and major petrochemical, industrial, and public-sector employers, supporting durable long-term rental demand.
Listing Price: Request For Offer
Investment Highlights
- Renovate 56 units to drive rent growth and reduce turnover
- Multiple ancillary income streams including cable, laundry, trash, and office conversion
- Strong Houston–Galveston corridor location with direct I-45 access
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Villas on 517, a 72-unit apartment community built in 1997 in Dickinson, Texas. The property features spacious floor plans with an average unit size of 1,118 square feet and offers significant value-add potential through the renovation of 56 classic units, projected to generate meaningful rent premiums. New ownership can further enhance income through multiple ancillary revenue opportunities including bulk cable and internet, washer/dryer leasing, valet trash service, and the conversion of the existing leasing office into a rentable unit. Located along FM 517 with immediate access to Interstate 45, Villas on 517 benefits from strong connectivity to Houston, Galveston, and major petrochemical, industrial, and public-sector employers, supporting durable long-term rental demand.
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