3815 Fannin St.
Multifamily | 15 Unit Communal Housing Property in Midtown
Marketing description
Prime investment opportunity in the heart of Midtown Houston. 3815 Fannin St. is a 3,699 SF communal housing property situated on a 5,000 SF lot, offering 15 fully leased units with 100% occupancy and consistently low turnover. The property has undergone significant recent capital improvements, including a new roof, Hardy Plank siding, new windows, and updated flooring in common areas—providing a strong foundation for continued performance. With an annual NOI of $79,550 and clear upside in rents, this asset presents a stabilized income stream in one of Houston’s most desirable urban submarkets.
Investment highlights
3,699 SF Communal Housing (15 Units)
5,000 SF Lot
Prime Midtown Location
100% Occupancy with Low Turnover
Upside in Rents
Major Recent Building Renovations (New Roof, New Hardy Plank, New Flooring in Common Areas, New Windows)
Annual NOI: $79,550
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