Back
Active - Apartment for sale
515 N Colorado St, Burton, TX
Facts & features
Why you’ll love it
Excellent opportunity for residential income producing property in small town Texas! Rare chance to own 1.3 acres in the middle of town. Located in the historic town of Burton, TX, halfway between Houston and Austin in the rolling hills of Washington County. Property is historic itself in that the building was built in 1914 as Burton’s public school and afterwards became a home for senior citizens. Building has been lovingly maintained over the years and transitioned to the town’s only apartment property. Currently set up with One bedroom and Two-bedroom units- 6 units in the building, as well 2 cottages on the property. Property has on site washer/dryer facilities for tenant’s use. Units have excellent occupancy rates, 2% vacancy over last two years and a 7.13% cap rate.
Listed by: Susan Kiel • (979) 251-4078 • Market Realty, Inc.
Co-listed by: Market Realty, Inc.
Source: Unlock MLS as distributed by MLS GRID, MLS#: 3763784
Based on information as of Sep 02, 2026 at 06:46am EDT.
Come see by yourself
Affordability
$4,546/mo
- Mortgage$3,944
- Property tax$602
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
Discover the neighborhood
Travel times
About City Of Burton
AI-generated overview for informational purposes only.
Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
Based on information submitted to the MLS GRID as of Sep 02, 2026 at 06:46am EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
