Uptown Apartments | Lease-Up Upside, One Mile to SFA

Highlights:

• One Mile From SFA's $1B Campus Master Plan: SFA joined the UT System in 2023; $58M is deployed and at least $160M more is under way or planned.
• 15% T12 Vacancy Versus 98% Comp Occupancy: Pro forma assumes 10% vacancy; six nearby comps average 98% occupancy, supporting a lease-up path.
• Over $1.96M in Recent Capital Improvements: 2024 renovation added vinyl plank flooring, energy-efficient appliances, and modern unit finishes.
• Three Retail Leases Running Through 5/2028: An 8,342 SF building three suites providing immediate upside for a new owner.
• Laundry and Cable Income Opportunities: Upside includes charging for owned laundry equipment and adding a cable and internet bundle.

Description:

View details and diligence materials on RI Marketplace:
https://rimarketplace.com/auction/3483/multifamily/nacogdoches/tx?utm_source=brevitas&utm_medium=paid_listing&utm_campaign=november18_2026&utm_content=multifamily_3483

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Uptown Apartments at 2805 North Street is a 130-unit gated multifamily community on 5.26 acres in Nacogdoches, Texas, one mile from Stephen F. Austin State University. Built in 1968 and renovated in 2024 with over $1.96 million in capital improvements, the six three-story buildings offer studio, one- and two-bedroom units averaging 374 SF, with an in-place average rent of $745. An 8,342 SF commercial building houses the leasing center, amenities, and three retail suites leased through May 2028 at $28,500 annually. The property operated at 79.3% economic occupancy over the trailing 12 months, with 15% physical vacancy against a six-property comp set averaging 98% occupied. The broker's Year 1 pro forma assumes vacancy falling to 10%, added retail income, and payroll trimmed to $1,200 per unit, with further upside cited from charging for owned laundry equipment and introducing a cable and internet package. The property is master metered, with owner-paid electric, water, and trash totaling $162,945 in T12 utility expense. Demand is anchored by SFA, which joined the UT System in 2023 and is executing a $1 billion campus master plan, alongside Nacogdoches Memorial Hospital and Nacogdoches Medical Center.

Location
Uptown Apartments sits at 2805 North Street, also Highway 59 Business, in the heart of Nacogdoches, one mile from Stephen F. Austin State University and its roughly 10,500 students. Nacogdoches Memorial Hospital, public schools, and national retailers are nearby, and US-59 links the market to Houston, 135 miles southwest, supporting student, medical, and workforce renter demand.


Bidding Opens
Nov 17 1:00 AM
Bidding Closes
Nov 19 1:00 AM

Documents: