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31283959
31283960

1421 Marshall St, Houston, TX 77006

KH
TX 612877
LPT realty
Listed by LPT realty
$1,490,000
70 days on market
Updated 70 days ago

12 Units in Montrose

Details
Property Type Multifamily
Sub Type Apartment Building, studio,
Square Footage 204
Net Rentable (SqFt) 204
Units 12
Cap Rate 2.95%
NOI $43,900
Occupancy 60%
Pro-Forma Cap Rate 5.66%
Pro-Forma NOI $84,300
Price per SqFt $7,304
Broker Co-Op Yes
Class B
Year Built 1940
Buildings 1
Stories 2

Multifamily | 12 Units | $124,167/unit

Marketing description

Rare investment opportunity in the heart of desirable Montrose! A fully upgraded 12-unit studio apartment building located at 1421 Marshall Street, nestled in one of Houston’s most vibrant and walkable neighborhoods. This classic Montrose property features modern finishes throughout, strong rental demand, and an 60% occupancy rate, providing immediate cash flow with upside potential. Each unit has been thoughtfully remodeled with contemporary touches new stainless steel appliances, modern vinyl plank flooring, efficient A/C systems, and quality fixtures — making them highly appealing to today’s renters. The gated building offers secure access and is just steps from some of Montrose’s best dining, nightlife, boutiques, art galleries, and transit options. This turnkey asset is ideal for investors seeking stable occupancy, value-add potential, and ownership in a premier inner-loop neighborhood.

Investment highlights

Rare investment opportunity in the heart of desirable Montrose! A fully upgraded 12-unit studio apartment building located at 1421 Marshall Street, nestled in one of Houston’s most vibrant and walkable neighborhoods. This classic Montrose property features modern finishes throughout, strong rental demand, and an 60% occupancy rate, providing immediate cash flow with upside potential. Each unit has been thoughtfully remodeled with contemporary touches new stainless steel appliances, modern vinyl plank flooring, efficient A/C systems, and quality fixtures — making them highly appealing to today’s renters. The gated building offers secure access and is just steps from some of Montrose’s best dining, nightlife, boutiques, art galleries, and transit options. This turnkey asset is ideal for investors seeking stable occupancy, value-add potential, and ownership in a premier inner-loop neighborhood.

Listing Contacts

KH
TX 612877
LPT realty
Listed by LPT realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$43,900.00
$3,658.33/mo

Valuation Metrics

0
DSCR
2.95%
Cap Rate
2.95%
ROI

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Additional Information

Name
Klodian Hoxha
License
612877
Brokerage Phone
877-366-2213
Brokerage Address
13315 Wallisville Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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