Rare opportunity to own a 20-unit apartment complex in the heart of Dickinson, TX. Well-maintained property with an established tenant base and strong rental history. Conveniently located just off FM 517 with quick access to I-45, employment centers, shopping, and dining.
Highlights include:
• Solid in-place income with additional upside through value-add improvements
• Great unit mix appealing to a wide range of tenants
• Ample parking & functional layouts across the property
• Strong location growing submarket, Houston and Galveston
For sale
$2,300,000
515 Fm 517 Rd E, Dickinson, TX 77539
3beds
20,130sqft
Est.:
Multi Family
Built in 1971
-- sqft lot
$-- Zestimate®
$114/sqft
$-- HOA
What's special
- 145 days |
- 198 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: November 23, 2025 at 09:08am
Listed by:
Federico Medina TREC #0796355 713-885-1292,
Sanmore Realty
Source: HAR,MLS#: 84186027
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Electric
Interior area
- Total structure area: 20,130
- Total interior livable area: 20,130 sqft
Property
Parking
- Parking features: Paved, One Parking Unit
Features
- Stories: 2
Lot
- Size: 0.96 Acres
Details
- Parcel number: 694500000022000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Utilities for property: Electricity Available, Water Connected
Community & HOA
Community
- Subdivision: Tall Timbers
Location
- Region: Dickinson
Financial & listing details
- Price per square foot: $114/sqft
- Tax assessed value: $2,059,000
- Annual tax amount: $48,925
- Date on market: 10/3/2025
- Listing terms: Cash,Conventional
- Lease term: 1 Year
Estimated market value
Not available
Estimated sales range
Not available
$1,886/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/3/2025 | Listed for sale | $2,300,000-4.2%$114/sqft |
Source:  HAR #84186027 Report a problem | ||
| 4/5/2023 | Listing removed | -- |
Source: HAR #66527654 Report a problem | ||
| 11/8/2022 | Listed for sale | $2,400,000$119/sqft |
Source: HAR #66527654 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/25/2018 | Listing removed | $1,250 |
Source: Owner Report a problem | ||
| 7/23/2018 | Listed for rent | $1,250 |
Source: Owner Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $48,380 +1% | $2,059,000 +1.5% |
| 2024 | $47,914 +17.5% | $2,028,720 +20% |
| 2023 | $40,782 -29.9% | $1,690,600 -28.5% |
| 2022 | $58,179 +72.5% | $2,363,600 +76.7% |
| 2021 | $33,721 -0.2% | $1,337,380 +4.9% |
| 2020 | $33,778 +307.7% | $1,274,530 +104.7% |
| 2019 | $8,286 -44.6% | $622,530 +113.9% |
| 2018 | $14,946 | $290,970 -45.1% |
| 2017 | $14,946 -1.9% | $529,630 +0% |
| 2016 | $15,238 +42.4% | $529,610 +44.4% |
| 2015 | $10,705 +3.5% | $366,800 +6.7% |
| 2014 | $10,339 | $343,640 |
| 2013 | -- | $343,640 |
| 2012 | -- | $343,640 +52% |
| 2011 | -- | $226,060 |
| 2010 | -- | $226,060 |
| 2009 | -- | $226,060 |
| 2008 | -- | $226,060 -33% |
| 2007 | -- | $337,170 +32.7% |
| 2006 | -- | $254,000 +1.3% |
| 2005 | -- | $250,630 -5.4% |
| 2004 | -- | $265,000 -17.2% |
| 2003 | -- | $319,990 +8.8% |
| 2002 | -- | $294,170 +15.6% |
| 2001 | -- | $254,570 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$14,414/mo
Principal & interest
$11328
Property taxes
$3086
Climate risks
Neighborhood: 77539
Nearby schools
GreatSchools rating
- 5/10ELVA C LOBIT MIGrades: 5-6Distance: 0.7 mi
- 6/10Dickson Junior High SchoolGrades: 6-8Distance: 5.1 mi
- 5/10Dickinson High SchoolGrades: 8-12Distance: 5.7 mi
Schools provided by the listing agent
- Elementary: Lobit Elementary School
- Middle: Lobit Middle School
- High: Dickinson High School
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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