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Well-maintained 15-unit apartment complex on a valuable corner lot in a rapidly improving neighborhood, offering strong current income and long-term upside. The property includes two 4-plex buildings (1940) and a 7-unit garden-style building (1962), with a total of 10,800 SF and an average of 720 SF per unit. Amenities include on-site laundry, three garage units, two storage rooms, and ample parking. All units feature central AC; the front buildings have been repiped with PEX plumbing and individual shut-offs. Recent improvements include new roofs (2020), electrical upgrades (2021), resurfaced parking lot (2021), multiple HVAC replacements, new commercial laundry units, updated kitchens in two units, and several new water heaters. Certificate of Occupancy was renewed in 2021. With over $100K in recent capital improvements, steady tenant demand, and prime location, this turnkey investment provides immediate cash flow and future growth potential.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 2/12/2026 |
|---|---|---|---|
| TRACT | Montlew Place | YEAR BUILT | 1940 |
| COMMUNITY | 16 | COUNTY | Harris |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Poe Elementary School |
|---|---|
| Jr. High School | Lanier Middle School |
| High School | Lamar High School (Houston) |
| PRICE HISTORY | |
| Prior to Feb 12, '26 | $2,640,000 |
|---|---|
| Feb 12, '26 - Today | $2,500,000 |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Electric |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Gas, Sewer |
| APPLIANCES | Dishwasher, Refrigerator |
| AREA | 16 |
| CONSTRUCTION | Brick, Wood Siding |
| GARAGE | Garage Door Opener, Yes |
| HEAT | Natural Gas |
| HOA DUES | 20|Monthly |
| LOT | 0.287 acre(s) |
| PARKING | Carport, Garage, Garage Door Opener |
| STORIES | 2 |
| SUBDIVISION | Montlew Place |
| UTILITIES | Natural Gas Connected, Water Connected |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Boulevard Realty
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