Multifamily
The Colonial
3409 North St, Nacogdoches, TX 75965
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the opportunity to purchase The Colonial Apartments in Nacogdoches, Texas.
Built in 1964 and renovated in 2025, The Colonial sits on 1.67 acres, and is conveniently located on North Street/Highway 59 Business in the heart of Nacogdoches. The property is one mile from Stephen F. Austin University, and close to Nacogdoches Memorial Hospital, Nacogdoches Public Schools, and Major National Retailers.
The 32-unit community features a spacious courtyards, picnic area with bbq grill, sparkling swimming pool, covered parking, and on-site laundry facility. The property offers 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.
The Colonial 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.
The Colonial
Investment Highlights
- CONTINUE INTERIOR RENOVATIONS With an estimate cost of $5,000 per unit, investors can modernize the remaining classic units to unlock rent premiums up to $100 per month.
- REDUCE LOSS TO LEASE Approximately 20% of tenants have been residents at The Colonial over two years allowing new ownership to reduce loss to lease and increase rents to market rate.
- IMPLEMENT UTILITY REIMBURSEMENT Reduce operating expenses and maximize cash flow by implementing a utility reimbursement program for water, sewer, trash and pest control.
- NEAR STEPHEN F. AUSTIN UNIVERSITY SFA is experiencing record-breaking growth, with the largest first-time undergraduate class in its history for the 2025-26 school year; over 2,000 more applications compared to the previous year.
- ATTRACTIVE FINANCING OPTIONS Investors can capitalize on competitive interest rates and multiple years of interest-only payments, significantly enhancing early cash flow and return metrics.
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- CONTINUE INTERIOR RENOVATIONS With an estimate cost of $5,000 per unit, investors can modernize the remaining classic units to unlock rent premiums up to $100 per month.
- REDUCE LOSS TO LEASE Approximately 20% of tenants have been residents at The Colonial over two years allowing new ownership to reduce loss to lease and increase rents to market rate.
- IMPLEMENT UTILITY REIMBURSEMENT Reduce operating expenses and maximize cash flow by implementing a utility reimbursement program for water, sewer, trash and pest control.
- NEAR STEPHEN F. AUSTIN UNIVERSITY SFA is experiencing record-breaking growth, with the largest first-time undergraduate class in its history for the 2025-26 school year; over 2,000 more applications compared to the previous year.
- ATTRACTIVE FINANCING OPTIONS Investors can capitalize on competitive interest rates and multiple years of interest-only payments, significantly enhancing early cash flow and return metrics.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to purchase The Colonial Apartments in Nacogdoches, Texas. Built in 1964 and renovated in 2025, The Colonial sits on 1.67 acres, and is conveniently located on North Street/Highway 59 Business in the heart of Nacogdoches. The property is one mile from Stephen F. Austin University, and close to Nacogdoches Memorial Hospital, Nacogdoches Public Schools, and Major National Retailers. The 32-unit community features a spacious courtyards, picnic area with bbq grill, sparkling swimming pool, covered parking, and on-site laundry facility. The property offers 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. The Colonial 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.
Exclusively Listed By
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