1849 W MAIN STREET #15, HOUSTON, TX 77098
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Homes for sale in 77098.
1849 W Main Street #15
Houston, TX 77098
List Price$2,500,000
Listing #70116432
10,100
Square Feet
15
Number of Units
Multi-Unit Residential
Type
About This Property
Well-maintained 15-unit apartment complex on a valuable corner lot in a rapidly improving neighborhood, offering strong current income and long-term upside. The property includes two 4-plex buildings (1940) and a 7-unit garden-style building (1962), with a total of 10,800 SF and an average of 720 SF per unit. Amenities include on-site laundry, three garage units, two storage rooms, and ample parking. All units feature central AC; the front buildings have been repiped with PEX plumbing and individual shut-offs. Recent improvements include new roofs (2020), electrical upgrades (2021), resurfaced parking lot (2021), multiple HVAC replacements, new commercial laundry units, updated kitchens in two units, and several new water heaters. Certificate of Occupancy was renewed in 2021. With over $100K in recent capital improvements, steady tenant demand, and prime location, this turnkey investment provides immediate cash flow and future growth potential.
Property Features
Location Information
County
Harris
Subdivision
Montlew Place
MLS Area
Montrose
Directions
shepherd from 59 take R on shepherd to W main, take R, go down to 1849 W Main, building on the Right
Latitude
29.735801
Master Planned Community
Montlew Place
Longitude
-95.406751
Interior Features
Interior
Butcher Block Counters, Ceiling Fan(s)
Total Number of Units
15
Exterior Features
Stories
2
Lot Description
Subdivision
Is New Construction
No
Lot Size in Acres
0
Construction
Brick, Wood Siding
Lot Size in Sq. Ft.
12,500
Parking Description
Carport, Garage, Garage Door Opener
Is One Story
No
Has Garage
Yes
School
School District
Houston
Middle School
LANIER MIDDLE SCHOOL
Elementary School
POE ELEMENTARY SCHOOL
High School
LAMAR HIGH SCHOOL (HOUSTON)
Additional Information
Finance Available
Cash, Conventional, Other
Year Built
1940
Property Type
RI
Status
Active
Property SubType
Multi Family
Similar Listings
Mortgage Calculator
$11,674
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$9,008
Monthly Tax
$2,083
Monthly Insurance
$583
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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