Rare investment opportunity in the heart of desirable Montrose! A fully upgraded 12-unit studio apartment building located at 1421 Marshall Street, nestled in one of Houston’s most vibrant and walkable neighborhoods. This classic Montrose property features modern finishes throughout, strong rental demand, and an 80% occupancy rate, providing immediate cash flow with upside potential. Each unit has been thoughtfully remodeled with contemporary touches new stainless steel appliances, modern vinyl plank flooring, efficient A/C systems, and quality fixtures making them highly appealing to today’s renters. The gated building offers secure access and is just steps from some of Montrose’s best dining, nightlife, boutiques, art galleries, and transit options. This turnkey asset is ideal for investors seeking stable occupancy, value-add potential, and ownership in a premier inner-loop neighborhood.
| MLS # | 11657272 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 194 |
| Listing Provided By | LPT Realty, LLC | Klodian Hoxha |
| SQ Feet | 4,592 |
|---|---|
| Story(s) | 2 |
| Units | 12 |
| Acreage | 5950.00 |
| Tax Annual Amount | 22622 |
|---|
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77006 |
| Area | 16 |
| Subarea | Montrose |
| Community Name | Montrose |
| Listing VS Median (in Montrose) | |
Price: $1,490,000 low | high Med: $1,816 sqft: 4,592 low | high Med: 951 $ / sqft: $324 low | high Med: $2 On site: 194 low | high Med: 90 | |
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77006 |
| Area | 16 |
| Subarea | Montrose |
| Community Name | Montrose |
| Listing VS Median (in Montrose) | |
Price: $1,490,000 low | high Med: $1,816 sqft: 4,592 low | high Med: 951 $ / sqft: $324 low | high Med: $2 On site: 194 low | high Med: 90 | |