3224 Mcgowen Street

Houston, TX 77004

About this property

INCOME PRODUCING WHILE YOU BUILD?? Collecting cash flow in the front while you build 2 townhouses in the back with 5000 sf lot. Rare multi-family opportunity featuring three well-maintained duplexes (6 units total) in Houston’s highly desirable University Area. Each unit offers a 1-bedroom, 1-bath layout, perfectly suited for strong rental demand in this central location. All 6 units are currently tenant-occupied, providing immediate cash flow while you build long-term value and equity. Ideally located near Downtown Houston, University of Houston, Texas Southern University, and the Texas Medical Center, this property consistently attracts students, medical professionals, and VA. Easy access to I-69, I-45, and Hwy 288 makes getting around effortless. Low tax rate and high rental demand make this a solid investment opportunity. Drive-by only for occupied units. Please do not disturb tenants.

About this property

INCOME PRODUCING WHILE YOU BUILD?? Collecting cash flow in the front while you build 2 townhouses in the back with 5000 sf lot. Rare multi-family opportunity featuring three well-maintained duplexes (6 units total) in Houston’s highly desirable University Area. Each unit offers a 1-bedroom, 1-bath layout, perfectly suited for strong rental demand in this central location. All 6 units are currently tenant-occupied, providing immediate cash flow while you build long-term value and equity. Ideally located near Downtown Houston, University of Houston, Texas Southern University, and the Texas Medical Center, this property consistently attracts students, medical professionals, and VA. Easy access to I-69, I-45, and Hwy 288 makes getting around effortless. Low tax rate and high rental demand make this a solid investment opportunity. Drive-by only for occupied units. Please do not disturb tenants.

Features and Additional Information

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$695,000 Active
6 Bed(s)
6
Baths
3,080 sqft

Presented By Coldwell Banker Commercial Gateway

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eXp Realty LLC
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Area Information

4 | Harris County | Wilson Wm A

$ 695,000
This listing is play_arrow 179.5% higher than the average in the area
$ 248,700 in the area
3,080 SqFt
This listing is play_arrow 94.6% larger than the average in the area
1,583 SqFt in the area
$ 226 $/SqFt
This listing is play_arrow 43.6% more than the average in the area
$ 157 $/SqFt in the area
25 days on site
This listing is play_arrow 84.8% below the average in the area
164 days on site in the area

Schools in the Area

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Listed By Thao Nguyen
Brokerage: eXp Realty LLC

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