319 Eastwood St - Multi-Family FOR SALE


Houston, TX 77011- Second Ward
$1,375,000 USD
832-643-3355
319 Eastwood St, Houston, TX for Sale
$1,375,000 USD
Multi-Family - FOR SALE
1/32
null | Request Cap Rate

319 Eastwood St
Houston, TX 77011
Second Ward


OVERVIEW

PRIME MULTIFAMILY INVESTMENT OPPORTUNITY | EADO / DOWNTOWN HOUSTON Position yourself in the path of Houston's continued urban growth with this newly constructed 6-unit multifamily property on Eastwood Street, strategically located near EaDo and Downtown Houston. This turnkey asset offers investors an opportunity to capture rental demand generated by some of Houston's most important employment, education, entertainment, and redevelopment districts. The property is minutes from the University of Houston, Downtown Houston, Daikin Park, Toyota Center, Shell Energy Stadium, George R. Brown Convention Center, Discovery Green, and the expanding EaDo entertainment district, with convenient METRORail access connecting residents to Downtown, UH and surrounding destinations. EaDo continues to experience significant public and private investment, including new residential construction, the East Blocks mixed-use redevelopment, improvements to the Columbia Tap Trail, major infrastructure investment, and the ongoing transformation of the George R. Brown Convention Center and surrounding convention and entertainment district. These investments continue to strengthen the area's walkability, connectivity and long-term appeal for residents, employers and visitors. Each residence has been designed to attract today's quality urban tenant, featuring custom kitchens, premium stainless-steel appliances, upscale bathroom fixtures, engineered wood flooring, in-unit utility rooms, open-concept floor plans and contemporary finishes. New construction and low-maintenance design provide the additional advantage of potentially reducing near-term capital expenditure requirements while creating an attractive leasing product. For investors seeking income-producing multifamily property with long-term appreciation potential, this 6-plex offers a compelling combination of location, modern construction and proximity to major demand generators. With Downtown, the University of Houston, professional sports, entertainment, convention activity and significant redevelopment all nearby, this is more than six rental units—it's an opportunity to own a multifamily asset in the path of Houston's continued eastward growth. Six Units. New Construction. Multiple Demand Drivers. One Strategic Houston Location.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$391 USD /SF

# OF UNITS

6

PRICE/UNIT

$229,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

319 Eastwood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0042240000006

ASK ABOUT THIS PROPERTY

Jeff GeorgeK W CommercialMore Info
832-643-3355

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

Jeff GeorgeK W CommercialMore Info
832-643-3355

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