For Sale

$575,000

HIGHLIGHTS:
  • Pending
  • $8,149/month
  • 3 DOM
  • 2 Stories
  • 0 Beds
  • 4,320 SqFT
Description

This 12-unit apartment complex in Jacinto City offers a strong investment opportunity with immediate cash flow and upside potential. Currently 90%+ occupied, the property benefits from a stable tenant base, including many long-term residents. At current rental rates, the asset is delivering a high CAP rate, making it attractive for yield-focused investors. Recent capital improvements include new electrical panels installed in all units in 2023, reducing near-term maintenance concerns. The property presents additional upside through rental increases, particularly with potential conversion to Section 8 housing. Tenants enjoy convenient access to public transportation, grocery stores, and nearby dining options. The complex also features dedicated on-site parking with 14 spaces accessible from Wiggins Street. This is a turnkey asset with both stability and value-add potential in a high-demand rental area. ** All tenants are month to month.

Overview
  • MLS Number: 55598155
  • Type: Multi-Family
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 4,320 SqF
  • Land Size: 10,585 sqft
  • Year Built: 1962
Financial
Price:
$575,000
Price/SqFT:
$133.10
HOA Fee:
Tax Rate:
2.53891 %
Est. Monthly:
$8,149 *
Tax Amount:
$14,599
Amenities and features
  • Corner Lot
  • Energy Efficient
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Floors:
    Tile
    Cooling:
    Window Units
    Heating:
    Space Heater
    Microwave:
    No
    Compactor:
    No
    Dishwasher:
    No
    Energy Feature:
    Ceiling Fans
  • Roof:
    Composition
    Exterior Type:
    Brick,Cement Board,Wood
    Lot Description:
    Corner
    Parking Unit:
    One
    Parking:
    Paved Area
    Front Door Face:
    South

Listed By:
Steven Blair

Keller Williams Memorial

The data on this website relating to real estate for sale comes in part from the IDX Program of the Houston Association of REALTORS®. All information is believed accurate but not guaranteed. The properties displayed may not be all of the properties available through the IDX Program. Any use of this site other than by potential buyers or sellers is strictly prohibited.

© 2026 Houston Association of REALTORS®.

GET IN TOUCH
avatar
Welcome Home Real Estate