1931 Richmond Ave, Houston, TX 77098

Multifamily / Mixed-Use Investment Opportunity | 1931 & 1935 Richmond Ave | Houston, Texas

Rare opportunity to acquire two adjacent income-producing properties in Houston’s Inner Loop located along the highly accessible Richmond Avenue corridor. The properties at 1931 Richmond Avenue and 1935 Richmond Avenue are being offered together as a single investment package, providing investors with a combination of multifamily residential units and mixed-use office space in a prime central Houston location.

Both properties are 100% occupied and currently operating as rental properties, creating immediate income potential for investors seeking a stabilized asset with upside. The properties are offered as-is, allowing the next owner flexibility for continued rental operations, repositioning, or long-term redevelopment within one of Houston’s most desirable urban corridors.

1931 Richmond Avenue is a mixed-use building featuring a medical office suite on the ground floor and residential units on the upper level. The medical office space is approximately 1,600 square feet and includes multiple treatment rooms, reception and waiting area, a large multi-purpose room, and a half bathroom with potential to convert to a full bathroom.

The upper level contains two one-bedroom, one-bathroom residential units, along with an additional larger residential unit, providing a diverse unit mix for rental income. Residential units include solid surface countertops, window coverings, carpet and laminate flooring, and appliances including refrigerator, range/oven, microwave, and dishwasher. The property features central electric heating and cooling, insulated Low-E windows, ceiling fans, central laundry, and fire/smoke alarm systems. Exterior construction consists of cement board and wood with a composition roof.

1935 Richmond Avenue is a fully occupied duplex consisting of two two-story residential units, each featuring two bedrooms and one bathroom. Interior finishes include solid surface countertops, tile and wood flooring, window coverings, refrigerator, and range/oven. Utilities include cable, electric, gas, and water. Cooling is provided by window units with space heaters for heating. The structure features brick and wood construction with a composition roof.

Both properties are tenant occupied with month-to-month tenancy, providing flexibility for investors who may wish to maintain the current rental structure or explore future repositioning strategies.

The properties are strategically located with quick access to The Galleria, Downtown Houston, the Texas Medical Center, and Rice Village, placing them in one of Houston’s most active residential and commercial corridors. Richmond Avenue continues to benefit from strong traffic counts, proximity to major employment centers, and ongoing inner-loop growth.

This offering presents investors with a unique mixed-use and multifamily investment opportunity in a high-demand Houston submarket, with immediate income and long-term value potential.

1931 Richmond Ave and 1935 Richmond Ave are being sold together as a single offering. Properties are offered As-Is. **CONTACT BROKER FOR ALL PROPERTY TOURS**