8700 Gulf Fwy - Apartments FOR SALE


Houston, TX 77017- Greater Hobby Area
$4,400,000 USD
713-405-7480
8700 Gulf Fwy, Houston, TX for Sale
$4,400,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

8700 Gulf Fwy
Houston, TX 77017
Greater Hobby Area


HIGHLIGHTS

  • Hospitality-Style Layout & On-Site Amenities
  • Strategic Location & Demand Drivers
  • Recently Renovated Asset with Near-Term CapEx Advantages
  • Scaled Hospitality Asset with Strong Revenue Potential
  • Opportunity for Revenue Growth and Operational Optimization

OVERVIEW

Located along the high-visibility 8700 Gulf Freeway corridor with direct access to Interstate 45, this asset is a repositioned hospitality to-multifamily conversion operating as workforce housing in a demand-driven submarket. The property features copper wiring, recent capital improvements—including two roofs replaced in 2024--and 9 fully renovated units, supporting both operational stability and continued value-add potential. Positioned between Downtown Houston and the Hobby Airport area, the asset benefits from strong visibility and accessibility, offering investors a cash-flowing opportunity with upside through further unit upgrades and operational optimization. What Is a Minimum Bid? Minimum Bid represents the starting price at which ownership is willing to review qualified purchase offers.?

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

80

PRICE/UNIT

$55,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Residencias Hobby

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

-

APN/PARCEL ID

0642150000027

ASK ABOUT THIS PROPERTY

Matthew BeanPartnersMore Info
713-405-7480

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Matthew BeanPartnersMore Info
713-405-7480

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