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2512 Calumet St
Houston, TX 77004 MacGregor

$1,500,000 USD

Apartments For Sale • 6,090 SF

Property Details

Property Type Apartments
Total Building Size 6,090 SF
Lot Size 0.27 AC
Building Class B
Year Built 1935

50 Transit Score

80 Walk Score

Description

This owner-operated cash-flowing multifamily property is currently being run as a short-term rental and presents a great opportunity for investors looking to expand their investment portfolio. This asset comprises two free-standing buildings: one meticulously remodeled into three units and another constructed with four sleek, modern units. This property comes fully equipped with all furniture, fixtures, and equipment, making this a cash-flowing asset from day one of ownership. Located in a prime area, this property is just minutes away from Houston’s top hotspots, including Montrose, Midtown, and Downtown Houston. Its desirable location ensures strong demand from both short-term and long-term renters, maximizing its income potential. In 2025, this property generated a net operating income (NOI) of $143,533, highlighting its strong financial performance. Beyond its current success, there is an opportunity to add two additional units, with an additional pro forma income of $50,000/year.

                
                    Highlights
                
                                Vacancy Rate: Currently maintaining a low vacancy rate of just 10%.
                            
                                Two Buildings: One building remodeled into three distinct units; the other newly constructed with four sleek, modern units.
                            
                                Value-Add Opportunity: Potential to add two additional units, increasing revenue potential and profitability.
                            
                                Fully Furnished: The entire property is furnished with modern furniture, ready for immediate occupancy.
                            
                                Turnkey Investment: No renovations or maintenance required—start earning and generating cash flow from day one.

Amenities

24 Hour Access
Controlled Access
Dishwasher
Laundry Facilities
Tenant Controlled HVAC
Washer/Dryer
Furnished Units Available
Gas Range
Smoke Free
Granite Countertops
Refrigerator
Range
Grill
Island Kitchen
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	9 min	-	4.3 mi
Transit/Subway	Drive	Walk	Distance
Museum District Northbound (Redline - Harris County Metropolitan Transit Authority METRO Rail (METRORail))	2 min	18 min	0.9 mi
Museum District Southbound (Redline - Harris County Metropolitan Transit Authority METRO Rail (METRORail))	2 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
William P Hobby	25 min	-	12.9 mi
George Bush Intcntl/Houston	29 min	-	21.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Charles Patawaran 832-899-4389 Remax Commercial Real Estate Advisors

2512 Calumet St Houston, TX 77004 MacGregor