2512 Calumet St - Apartments FOR SALE


Houston, TX 77004- MacGregor
$1,650,000 USD
832-899-4389
2512 Calumet St, Houston, TX for Sale
$1,650,000 USD
Apartments - FOR SALE
1/60
null | Request Cap Rate

2512 Calumet St
Houston, TX 77004
MacGregor


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.

OVERVIEW

This turnkey, owner-absentee multifamily property in Houston offers immediate cash flow and strong upside potential. Comprising two freestanding buildings with seven fully furnished units (three remodeled and four modern), it generated a 2024 NOI of $90,784 under professional management. Located minutes from Texas Medical Center, this property benefits from strong rental demand and comes fully equipped for seamless short-term or long-term rental operations. With the ability to add two additional units for an estimated $50,000 in extra annual income, this asset presents an exceptional investment opportunity.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

7

PRICE/UNIT

$235,714

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

-

APN/PARCEL ID

0611220000010

ASK ABOUT THIS PROPERTY

Steve SchemmelGatsby Advisors BrokerageMore Info
832-899-4389

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Steve SchemmelGatsby Advisors BrokerageMore Info
832-899-4389

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.