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32464456
32464454

7938 KERR ST, HOUSTON, TX 77029

OM
TX 766823
KW Commercial Houston Metropolitan
Listed by KW Commercial Houston Metropolitan
$480,000
27 days on market
Updated 12 days ago

6 Units Turnkey 100% occupied at Kerr St, 77029

Details
APN 029-264-000-0010
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,825
Units 6
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 7.69%
Pro-Forma NOI $34,223
Class B
Year Built 1940
Year Renovated 2012
Buildings 1
Stories 1
Lot Size (SqFt) 5,000
Zoning None
Parking Spaces per unit

6 Units, Good Condition, 100% Occupancy. Houston, TX

Marketing description

With rents up to market and very good condition 7938 Kerr St presents a compelling multifamily investment opportunity in Houston’s rapidly growing 77029 submarket, strategically located near Port Houston, major industrial employment hubs, Downtown Houston, and key transportation corridors including I-10 and Loop 610. The property consists of 6 residential units situated on a 5,000 SF lot and offers investors the ability to capitalize on an already stabilized rental scenario. Positioned within an Opportunity Zone and surrounded by strong workforce housing demand drivers, the asset benefits from Houston’s continued population and employment growth while offering long-term appreciation potential in a high-demand infill location.

Over the past few years, this property has undergone extensive upgrades and improvements, making it truly move-in ready. Major updates include new electric service, central AC for Unit #1, a remodeled kitchen and bathroom in Unit #1, multiple rounds of foundation repairs, new siding and exterior windows, fresh exterior paint, and a brand-new sewer line. Recent 2026 improvements feature luxury vinyl plank flooring, a new cedar fence, a freshly paved and striped asphalt parking lot, plus updated landscaping with decorative black rock for added curb appeal.

Investment highlights

• Strategically located in Houston’s 77029 submarket near Port Houston and major transportation corridors supporting long-term demand.

• Turnkey investment opportunity with good financial performance.

• The property includes 6 residential units on a 5,000 SF lot, providing stable small multifamily income potential.

• Located within an Opportunity Zone, offering potential tax advantages for qualified investors.

Listing Contacts

OM
TX 766823
KW Commercial Houston Metropolitan
Listed by KW Commercial Houston Metropolitan

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Additional Information

Name
Otto Muniz
License
766823
Brokerage
KW Commercial Metropolitan
Brokerage Phone
(713) 621-8001
Brokerage Address
4265 San Felipe Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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