10 days on rocket

875 Neches, Beaumont, TX, 77701

$989,000

Home List Price

$10,000*

Closing Credit

23 Bedrooms
0 Baths
4,520 SqFt
$219/SqFt
Multi

Location

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875 Neches, Beaumont$989,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
CoolingCeiling Fan(s)
MLS #252919
StatusActive

About 875 Neches

Unique opportunity to own this multi-unit property with amazing cashflow! 23 unit property, all individual rooms, currently only 1 unit not occupied. At full occupancy: Gross annual income of $160,200. NOI after tax and insurance is $128,578.05. All utilities paid for by owner (roughly $11k in 2023). There are 4 bathrooms and 2 kitchens shared. Rent roll and P&L on file. Roughly 13% cap rate at list price! Contact agent to coordinate showing and review files.

Property Details

Property Features

Property Information:

  • Stories: 2
  • Living Area: 4,520 SqFt

Listing Office:

  • Office Name: RE/MAX ONE
  • Listing Agent: John Arcana

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator, Microwave, Range, Oven
  • Flooring Type: Vinyl

Bedroom and Bathroom Information:

  • Total Bedroom Count: 23

Utilities

Utilities Information:

  • Cooling: Ceiling Fan(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $989,000
  • Price Per SqFt: $219/SqFt
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Housing Market Comparison

See how this home compares to others in Beaumont, TX.

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Beaumont, TX

City

Med. Sold Price

$236.5K

Med. Price/SqFt

$121

Avg. Days On Market

46

# of Sold Homes

44

875 Neches vs Beaumont

10 DAYS ON ROCKET

-36 Days

$989,000

+$752.5K More

$219/SqFt

+$97 More

KEY TAKEAWAY

This property is $752.5K more than the Median Sold Price and $97/SqFt more than other homes in Beaumont, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Beaumont
  • MLS Number: #252919

Listing Office:

  • Office Name: RE/MAX ONE
  • Listing Agent: John Arcana

Information is provided by Beaumont Board of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Beaumont Board of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 1/3/2025, 4:16:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$5,004

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,032

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-122608
4
/10

  • Charlton-Pollard Elementary School

  • 825 Jackson St

  • 0.83 miles

  • Public District Grades PK-5

school-card-donut-122609
5
/10

  • Fletcher Elementary School

  • 1050 Ave E

  • 0.85 miles

  • Public District Grades PK-5

school-card-donut-122610
2
/10

  • Fehl-Price Elementary School

  • 3350 Blanchette St

  • 1.82 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,517. The majority of Beaumont, TX residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Texas›Jefferson County›Beaumont›77701›875 Neches

This home is located at 875 Neches in Beaumont, TX and zip code 77701. Features: 23 bedrooms. It has been listed on Rocket Homes since December 23, 2024 and is currently priced at $989,000.

Over 2 listings were sold over their listed price in December 2024 in Beaumont, TX. In the same period over 8 listings were sold below the listed price and 5 listings were sold for the listed price. The inventory of homes for sale in Beaumont, TX between November 2024 and December 2024 increased by 21.1%. In December 2024 median list price was $236,500 and the average listing age was 46 days.

From Rocket Homes Real Estate and based on county public records data.

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