2512 Calumet St - Apartments FOR SALE


Houston, TX 77004- MacGregor
$1,500,000 USD
832-899-4389
2512 Calumet St, Houston, TX for Sale
$1,500,000 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 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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

7

PRICE/UNIT

$214,286

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

Charles PatawaranRemax Commercial Real Estate AdvisorsMore Info
832-899-4389

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Charles PatawaranRemax Commercial Real Estate AdvisorsMore Info
832-899-4389

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