513 E Caney StreetWharton, TX 77488

Description

Well-kept 16-unit apartment community in the heart of Wharton, currently 100% occupied and performing with strong, stable rental income. Fifteen of the sixteen units have been updated, offering clean and functional living spaces that attract long-term tenants. The property sits on a spacious tract with room to add additional units, creating an excellent value-add opportunity for investors. Conveniently located near shopping, dining, schools, and major town amenities, 513 Caney Apartments delivers reliable occupancy, modern updates, and expansion potential in a high-demand rental market.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1940

Living area

12,816 Sq Ft

Lot size

1.27 acres

Days on market

55

MLS^® Listing#

59701546

Property Features

Cooling

Electric

Heating

Electric

Roof

Composition

Schools

Elementary

Cg Sivells/Wharton Elementary School

Middle

Wharton Junior High

High

Wharton High School

Financial Details

Annual taxes

$10,209Tax year 2025

Parcel number

R26234

Directions

From Houston, take I-69/US-59 South toward Sugar Land and continue through Rosenberg and into Wharton County. Take the exit for TX-60/Wharton and turn right onto TX-60/Richmond Rd. Continue into town and turn right onto W Caney St. Follow W Caney St to 513 W Caney, located on the left.