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513 E Caney Street

Wharton, TX 77488
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Bed --

Bed

Bath 0

Bath

SqFt12,816

Sqft

Acres1.27

Acres(Lot)

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.

Detail Ic Property Details

Property Type : Residential Income

Price : $1,150,000

AD Id : 89733307

MLS Id : 59701546

Lot Size : 1.27 Acres

Living Area Size : 12,816

Year Built : 1940

County : Wharton

Subdivision: Wharton

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Feature Features

  • Roofing Information

    Composition
  • Interior Features

    Roof: Composition
  • Heating & Cooling

    Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: Electric

  • Building Information

    Year Built: 1940 Building Area Total: 12816 Stories: 2 Private Pool: No

  • Lot Information

    Main Square Feet: 1.2743 Acres Lot Size Acres: 1.2743 Lot Size Square Feet: 55509

    Property Information

    Subdivision: Wharton Source Property Type: Residential Income Postal Code Plus 4: 5250 Property SubType: Multi Family Property Age: 86

  • Listing Price Information

    Listing Price: $1150000 Cash, Conventional

  • Tax Information

    Parcel Number: R26234 Tax Year: 2025 Annual Tax: $10209 Tax Legal Desc: WHARTON BLOCK 22 LOT 5,6

  • School Information

    Elementary School: Cg Sivells/Wharton Elementary School
    Junior High School: Wharton Junior High
    Senior High School: Wharton High School
  • Location Information

    Direction: 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.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
611 Reed Avenue, Wharton, TX, 77488 $199,000 3 2 2,848 2,848 SqFt

Copyright 2026, Houston REALTORS® Information Service, Inc. The information provided is 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. Information is deemed reliable but not guaranteed.

ByOwner last updated this listing 08/28/2026 @ 15:36

MLS: 59701546 LISTED BY: Stacie Hoyt, Texas Southern Real Estate LLC 979-532-8000 SOURCE: Houston Association of REALTORS

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