A well-located triplex presents a compelling multifamily investment opportunity in one of Houston’s most active inner-loop submarkets. The property currently consists of 3 separate residential units with stable income potential & offers additional upside through the potential to add a fourth studio apartment unit (subject to buyer verification, zoning, & permits) This asset is ideal for investors seeking cash flow today with future value-add expansion, as well as owner-occupants looking to offset ownership costs with rental income, making it an attractive addition to an investment portfolio. Situated at the prime intersection of Midtown & Third Ward, this property is minutes from Downtown, the Texas Medical Center, & major universities. With easy access to US-59, I-45, and I-288, & surrounded by new development, demand is strong from both owners & investors. Zoned for residential or mixed-use use with no HOA fees, it’s an ideal infill opportunity for short-term or long-term rentals.
| MLS # | 42059682 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 141 |
| Listing Provided By | The Sears Group | Sabika Jafri |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,674 |
| Story(s) | 2 |
| Units | 3 |
| Acreage | 5250.00 |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Garage |
| Tax Annual Amount | 7740 |
|---|
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77004 |
| Area | 4 |
| Subarea | University Area |
| Community Name | Washington Terrace |
| Listing VS Median (in Washington Terrace) | |
Price: $529,000 low | high Med: $225,000 sqft: 2,674 low | high Med: 1,689 $ / sqft: $198 low | high Med: $133 On site: 141 low | high Med: 118 | |
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77004 |
| Area | 4 |
| Subarea | University Area |
| Community Name | Washington Terrace |
| Listing VS Median (in Washington Terrace) | |
Price: $529,000 low | high Med: $225,000 sqft: 2,674 low | high Med: 1,689 $ / sqft: $198 low | high Med: $133 On site: 141 low | high Med: 118 | |