Nowell Agency, Inc. > Insurance News > 4 Types of Apartments You Can Add to Your Portfolio

4 Types of Apartments You Can Add to Your Portfolio

Suggestions from Your Apartment Building Insurance Team in Texas

Real estate investors are always looking for the next investment to round out their portfolios and the choices are vast. As an investor, you may have eyed retail strip centers, raw land for development, and apartment complexes. Within each category are many subcategories that you may not be aware of. Deciding on which way to go depends on how much you have to invest and the properties available.

As you begin your search for the perfect real estate investment, remember to discuss your plans with your knowledgeable broker at The Nowell Agency. We can give you a breakdown of policy options within your apartment building insurance for your Texas properties at reasonable rates.

4 Types of Apartment Buildings to Consider Investing In

If you are exploring this type of investment for the first time, here are the different types you can expect to find:

  1. Low-Rise: This type of investment is often found in suburban areas. Most often, they have four or fewer stories and don’t always have elevators. You may see one complex of several buildings spread out over a large area of land. Some examples include:
    • Apartment complexes
    • Townhouses
    • Rowhouses
    • Duplexes
    • Single-story multiplexes
    • Garden-style complexes
    • Senior or subsidized housing
  2. Mid-Rise: If you’re looking for something a little bigger, the mid-rise group has between five and nine stories. One important feature they have includes elevators. You can find them in both urban and suburban areas. Examples are:
    • Urban apartments near busy city centers
    • Suburban apartments near shopping areas
    • College dormitories
    • Condominiums
    • Hotels
    • Senior housing complexes
    • Affordable and subsidized housing
  3. High-Rise: A more familiar sight in urban areas are high-rise apartment buildings. These are the ones you see with at least ten or more stories and are usually in busy metropolitan cities. Most of the time, you will find that these buildings exist where land is scarce and expensive. Instead of building out, you build up! A few examples include:
    • Luxury apartments in city centers
    • Long-term rentals and hotels
    • Large university college dorms
    • Subsidized or senior housing in the denser cities
  4. Mixed-Use: Mixed-use properties are structures with shops on the bottom level and apartments above. They are generally two or more stories high. The variety of purposes including, commercial, residential, parking, office space, industrial, and recreational.

Safeguard Your Texas Apartment Buildings with Insurance from The Nowell Agency

To get more return for your investment, you want to ensure you have the best coverage in place. No matter if you choose a low-rise, mid-rise, high-rise, or multi-use property, apartment building insurance should be your next step. Contact us at The Nowell Agency and take advantage of our over 30 years of experience to get what you need so that you can enjoy peace of mind.

Call one of our offices near you to schedule a meeting with a knowledgeable and experienced broker at The Nowell Agency about purchasing apartment building insurance in Texas for your next investment. Request a quote online.


The Nowell Agency is committed to providing you with fast and efficient service. If you would like a quote on any of our products please complete the short form below and click submit.

Get A Quote Form



    The Nowell Agency has been my primary agent for many years and they are attentive, well-staffed, and easy to talk to. Their agency has helped me through state to state moves and career change and kept my assets covered.

    James G.

    My very first insurance experience was when I bought my first house and I called the Nowell agency for a quote. I had no idea what I needed or how much and they were so very kind and knowledgeable and explained everything to me in detail which I so much appreciated. That has been 4 years ago and im still a customer never plan to leave.

    Ashleigh D.

    I have been very pleased with the quick and professional service by the Nowell agency. My agent was very efficient at locating a policy that met my needs and budget. Thank you to Kristy and the Nowell agency for providing me with fantastic customer service. I highly recommend this agency. You will not be disappointed.

    Tripp W.


    best long term care insurance carriers

    Long Term Care Insurance 2021


    October 18, 2021

    Long term care insurance is a very important topic that people should be aware of as they age. With the current system, seniors are relying more and more on family members to take care of them in their later years. As we continue to live longer lives, it’s expected that this trend will only increase. […]

    Risks of Lowering Auto Coverage 2021


    October 18, 2021

    After the many ups and downs of the past year, man...

    Best Practices for Promoting Diversity and Inclusion in the Workplace


    September 30, 2021

    In the past few years, there has been a major push...