Rosalie Village
Corner Lot Near University of Houston – 3 Replated Parcels (3012, 3014 & 3016 Rosalie St)
Marketing description
Ultra-prime corner lots near University of Houston! Rare opportunity to own three adjacent replated residential lots (3012, 3014 & 3016 Rosalie) ready for new construction—no longer possible to replat like this (city guidelines changed in Nov 2023)! Each lot (approx. 1,550–1,600 SF) is cleared, level, and outside the flood zone (Zone X). Ideal for three single-family homes, student housing to rent room-by-room, or mid-rise multiplex builds. Located minutes from Downtown, the Medical Center, and TSU/UH campuses, this area offers exceptional rental demand and long-term appreciation. Perfect for builders or investors seeking a high-demand infill project in a prime Third Ward/Midtown location. Bring your vision and your offer—seller welcomes reasonable (not ridiculous) proposals! Builders can build 36 efficiency units ( three 12 plexes) if able to obtain city variance or 3 Town Home community to sell in 500-600K range.
Investment highlights
Property Overview:
Exceptional opportunity to acquire three adjacent, fully replated residential lots totaling approx. 4,650–4,800 SF in one of Houston’s most rapidly transforming areas — the Third Ward/Midtown corridor near University of Houston, TSU, and the Texas Medical Center.
Key Highlights:
Addresses: 3012, 3014 & 3016 Rosalie St, Houston, TX
Lot Size: ~1,550–1,600 SF each (combined ~0.11 acres)
Zoning: Residential (R-2), cleared and level
Flood Zone: X (not in floodplain)
Status: Ready for new construction — no replats allowed under current city code (post-Nov 2023)
Development Potential:
Build 3 single-family homes or 3 modern townhomes (expected resale $500K–$600K each)
Ideal for student housing, room-by-room rental, or short-term rentals
Possible mid-rise / 12-plex per lot (36 efficiency units total) subject to city variance approval
Utilities nearby and strong comparable developments within 3–4 blocks
Location Advantages:
2 min to University of Houston
5 min to Downtown & Medical Center
Surrounded by ongoing new construction and mixed-use redevelopment
High rental demand, proven ROI for multifamily and student rentals
Investment Summary:
This is a rare infill redevelopment opportunity in one of Houston’s fastest-growing urban submarkets. Perfect for builders, investors, or developers seeking immediate upside, walkable amenities, and long-term appreciation.
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