$950,000
$200K PRICE DROP

2917 Ashley St Unit 12 Houston, TX 77017

Park Place Neighborhood

Estimated payment $6,506/month

Total Views 4,736
-- Bed
-- Bath
3,053 Sq Ft
$311 Price per Sq Ft

About This Home

Kevin Riles Commercial is pleased to offer this exceptional investment opportunity in Houston’s Park Place neighborhood! This 12-unit apartment complex offers a unique mix of long-term and short-term rental income, making it ideal for a first-time multifamily investor or a seasoned buyer looking to expand their portfolio.Property Highlights:-12 one-bedroom units- Six units currently operating as Airbnb rentals – fully furnished and recently updated - Six traditional rental units – offering an opportunity to renovate and increase value- Upgraded parking lot and recent capital improvements completed by the currentowner- Potential for higher revenue by converting additional units to short-term rentalsPrime Location:- Near 610 South & I-45 South for easy accessibility - Just north of Houston Botanic Garden- 13 minutes to Hobby Airport- 20 minutes to Downtown Houston

Listing Agent

Kevin Riles, CCIM

Kevin Riles Commercial License #0465148 Listed on: 02/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,558

Year Built

  • Built in 1940

Lot Details

  • 0.28 Acre Lot

Home Design

  • Composition Roof

Interior Spaces

  • 3,053 Sq Ft Home
  • 2-Story Property

Schools

  • Sanchez Elementary School
  • Deady Middle School
  • Chavez High School

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System

Community Details

  • 12 Units
  • Park Place Acre Villa Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,558

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Directions: Head north toward Capitol St, Turn left onto Capitol St, Turn left onto La Branch St, Drive along I-45 S, Drive to Coleto St
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1940
  • Subdivision Name: Park Place Acre Villa
  • Unit Levels: Two
  • New Construction: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 3053.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: None
  • Roof: Composition

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window Unit
  • Heating Yn: Yes

Schools

  • Elementary School: SANCHEZ ELEMENTARY SCHOOL (HOUSTON)
  • Junior High Dist: 27 - Houston
  • High School: CHAVEZ HIGH SCHOOL
  • Middle Or Junior School: DEADY MIDDLE SCHOOL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 14558.0

Multi Family

  • Number Of Units Total: 12

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 Price Changed $950,000 -17.4% $311 / Sq Ft
02/25/2025 02/25/25 For Sale $1,150,000 +36.9% $377 / Sq Ft
02/11/2022 02/11/22 Sold -- -- --
01/12/2022 01/12/22 Pending -- -- --
10/06/2021 10/06/21 For Sale $840,000 -- $275 / Sq Ft
Source: Houston Association of REALTORS®

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Source: Houston Association of REALTORS®

MLS Number: 7252518

Houston Association of REALTORS®