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1011 W 10th St
Houston, TX 77008 Greater Heights

$2,000,000 USD

Apartments For Sale  •  9,812 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,812 SF
  • Lot Size 0.21 AC
  • Building Class C
  • Year Built 1970
  • Zoning B1 -- Real, Residential,
40 Transit Score
70 Walk Score

Description

1011 W. 10th Street is a fully renovated 14-unit multifamily community ideally situated in the heart of the Houston Heights — one of Houston’s most vibrant and
supply-constrained inner-loop neighborhoods. The asset has undergone a comprehensive capital improvement program, transforming 1011 W. 10th Street into
a highly attractive, low-maintenance investment featuring modernized interiors and significant upgrades throughout the property. Currently operating at 100%
occupancy, the community generates strong in-place cash flow supported by rents that outperform many competing assets in the area, underscoring both the
quality of the renovations and the property’s strong tenant demand. With a boutique unit count, stabilized operations, and a premier location in the heart of the
Houston Heights, one of the city’s most desirable and supply-constrained rental markets, the property offers investors a compelling blend of immediate cash flow
and long-term appreciation potential. Supported by continued population growth, limited opportunities for new multifamily development, and increasing barriers
to entry throughout the Heights, 1011 W. 10th Street is exceptionally well-positioned to deliver durable income and sustained rental growth for years to come.

Highlights

100% Occupancy - Generating $18,995/month in actual rent revenue with zero vacancy
Turnkey Capital Stack - Roof, HVAC, wiring, W/D hook-ups, and water heaters all new
Irreplaceable Heights Location - Supply-constrained submarket with near-zero new inner-loop deliveries
Strong Rent Growth Trajectory - 3%+ annual rent growth projected as Heights market matures
Broad Buyer Profile - Attractive to 1031 exchange buyers, private investors, and family offices

Amenities

  • Gated

Public Transportation

Commuter RailDriveWalkDistance
Houston (Sunset Limited - Amtrak) 9 min - 4.3 mi
AirportDriveWalkDistance
William P Hobby 30 min - 17.2 mi
George Bush Intcntl/Houston 27 min - 20.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 14
Type: Surface
Included in Rent: Yes
Matthew Bean 713-405-7480 Partners
Matthew Bean 713-405-7480 Partners