Tranzon sets online auctions for five Texas properties

Tranzon Asset Advisors of Texas will auction five lender-directed Texas real estate assets on Nov. 13 and Nov. 17 through an online-only sale. The portfolio spans Austin, Montgomery and Texas City and includes renovated homes, an apartment building, townhomes and commercial land.

Why it matters: - The sale gives buyers a fast path to acquire five different Texas assets across three markets in a single auction process. - The mix includes income and redevelopment opportunities, plus commercial land near major traffic corridors. - The properties are being sold with free and clear title, no back taxes and no liens, which can reduce closing uncertainty for bidders.

What happened: - Tranzon Asset Advisors of Texas was commissioned by Priority Investor Loans to sell five Texas real estate assets through lender-directed online auctions. - The auction is online only at More information. - Bidding opens Nov. 13, 2026, at 8 a.m. CT for all five properties. - The auctions close Nov. 17, 2026, in staggered one-hour intervals starting at 11 a.m. CT. - Tranzon is offering the properties as-is, with no contingencies. - The successful bidder must pay a 10% buyer's premium and deposit 10% of the total sale price in guaranteed funds. - Closing is scheduled within 35 days.

The details: - Two properties are in Austin. - The first Austin property is at 2702 South 2nd Street in the 78704 ZIP code. - That site includes two fully renovated homes on one lot: a 1948 bungalow and a 1999 contemporary residence. - The Austin property totals about 2,449 square feet and was appraised at a combined $1,102,000 as of July 2025. - The second Austin property is at 2901 Sweeney Lane in East Austin. - That building is a 10-unit apartment property with 7,796 square feet on a corner lot about four miles from downtown. - Tranzon is marketing that East Austin property as a full renovation and value-add opportunity. - The Montgomery property is Melville Townhomes at 12455 Melville Drive in Walden on Lake Conroe. - The property has eight townhomes, was completely remodeled and is vacant. - The site sits near a resort-style pool and about two blocks from the lake. - The two Texas City offerings are at Mall of the Mainland, now Mainland City Centre. - One Texas City tract is a 9.683± acre General Business site at 1900 Century Boulevard with two street frontages at the west entry to the mall. - The other Texas City offering consists of two contiguous finished pad sites totaling 3.073± acres at 10000 Emmett F. Lowry Expressway. - The Texas City pads are already paved, lit and drained. - Public previews are scheduled for 2702 S. 2nd Street on Tuesday, Nov. 10 from 11 a.m. to noon CT. - Public previews are scheduled for 2901 Sweeney Lane on Tuesday, Nov. 10 from 1 p.m. to 2 p.m. CT. - Public previews are scheduled for Melville Townhomes on Wednesday, Nov. 11 from noon to 1 p.m. CT. - The Texas City land offerings may be driven by at any time. - Buyers can register for previews and access property documents through the company's announcement.

Between the lines: - The portfolio spans three very different uses, which can broaden the bidder pool from investors seeking rentals to developers seeking land. - The Austin and Montgomery assets offer immediate operational upside because the renovated or vacant properties can be repositioned quickly. - The Texas City land sites sit near I-45 between Houston and Galveston, which gives the acreage highway visibility and regional access. - Pre-auction offers are being accepted, and the properties can sell before auction without notice. - Tranzon is also offering broker protection, with a 2% commission for a properly registered buyer's agent at settlement. - The company is working with Keller Williams Heyl Group on the Austin properties, GregTX Realty on Melville Townhomes and Partners Real Estate on the Texas City land. - Interested parties are being directed to Kelly Toney, CAI, of Tranzon Asset Advisors.

What's next: - Interested bidders should register, review property documents and schedule previews before the sale dates. - Prospective buyers must be prepared to bid online starting Nov. 13 and to close quickly after winning. - Because the assets may be sold before auction, Tranzon is urging interested parties to contact the auction company without delay. - Kelly Toney can be reached at 713-816-1123 or ktoney@tranzon.com.

The bottom line: - Tranzon is packaging five Texas assets into one online auction window, giving buyers a compressed chance to pursue residential, multifamily and land opportunities across Austin-area, Montgomery and Texas City markets.