1718 CROWNOVER RD APT 15 Houston TX 77080-7436

(Seller Financing Available)

Appraisal for $2,810,000 in hand

Well-maintained 16-unit multifamily investment opportunity located at 1718 Crownover Road in the established Northwest Houston submarket. The property consists of a two-story building constructed with wood-frame construction and brick façade, offering strong curb appeal and durable long-term ownership characteristics. Recent improvements and ongoing maintenance have positioned the asset in good overall condition with stabilized operations.

The property features a diverse unit mix designed to attract a broad tenant base, including one-bedroom and two-bedroom floor plans. Units average approximately 791 square feet, providing efficient layouts and strong rental appeal within the local market.

Unit Mix & Current Rents:

• 2 Units — 2 Bedroom / 2 Bathroom (~1,020 SF) — $1,450/month

• 6 Units — 2 Bedroom / 1.5 Bathroom (~817 SF) — $1,450/month

• 8 Units — 1 Bedroom / 1 Bathroom (~715 SF) — $1,225/month

The property is currently fully occupied, reflecting strong tenant demand and stable rental performance. Situated on approximately 0.37 acres, the asset includes paved parking, perimeter fencing, and centralized access. The surrounding neighborhood is a well-established residential area benefiting from stable multifamily demand and accessibility to major Houston employment corridors.

This opportunity offers investors a stabilized multifamily asset with a strong unit mix, consistent occupancy, and positioning within one of Houston’s established rental submarkets.

(Seller Financing Available)

• 16-Unit Stabilized Multifamily Asset — Well-maintained two-story property located in the established Northwest Houston submarket.

• Strong Unit Mix — Diverse layouts including:

  • 2 Units — 2 Bed / 2 Bath

  • 6 Units — 2 Bed / 1.5 Bath

  • 8 Units — 1 Bed / 1 Bath
    Designed to attract a broad tenant demographic and support consistent occupancy.

• 100% Occupied Property — Stabilized asset with strong rental demand and current effective rents in line with market.

• Attractive Average Unit Size — Approximately 791 SF average unit size providing functional layouts and tenant appeal.

• Recent Capital Improvements — Renovations include interior/exterior paint, flooring, appliances, electrical/plumbing updates, landscaping, parking resurfacing, and security gate improvements.

• Value-Add Upside Potential — Opportunity to enhance operational efficiencies and continue rental growth within a stable Houston rental market.

• Excellent Houston Location — Positioned within a well-established residential neighborhood with access to major employment corridors, highways, and regional amenities.

• Houston Market Fundamentals — Located in one of the nation’s largest and fastest-growing metropolitan areas with strong population growth and sustained multifamily demand.

• Efficient Property Size — Ideal mid-size asset suitable for private investors or portfolio expansion.