$700,000
$450K PRICE DROP

7109 Avenue E Unit 12 Houston, TX 77011

Magnolia Park Neighborhood

Estimated payment $4,439/month

Total Views 5,362
10 Beds
10 Baths
2,700 Sq Ft
$259 Price per Sq Ft

About This Home

Turnkey 10-unit apartment complex fully occupied and cash flowing in the booming East Downtown Houston (EaDo) area, bringing in $10,700 per month in rental income. This prime investment opportunity offers immediate cash flow with all units currently leased and located in one of Houston’s neighborhoods known for strong rental demand and low vacancy rates. The owner is open allowing a savvy investor to take over the and step into a performing asset with minimal upfront capital. Don’t miss this rare chance to own a stabilized multifamily property in one of the city's most dynamic markets.

Listing Agent

Steven Koleno

Beycome Brokerage Realty, LLC License #0779766 Listed on: 03/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,502

Year Built

  • Built in 1930

Lot Details

  • 7,500 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Full Bathrooms

Schools

  • Franklin Elementary School
  • Edison Middle School
  • Austin High School

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System

Community Details

  • 10 Units
  • Magnolia Park Sec 02 Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,502

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Directions: Head south on I-69, exit Lockwood Dr, turn left onto Lockwood Dr, right on Canal St, left on N Cesar Chavez Blvd, continue onto Avenue E.
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1930
  • Subdivision Name: Magnolia Park Sec 02
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 10
  • Total Bedrooms: 10
  • Living Area: 2700.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: None
  • Roof: Composition
  • Construction Type: Vinyl Siding

Utilities

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

Schools

  • Elementary School: FRANKLIN ELEMENTARY SCHOOL (HOUSTON)
  • Junior High Dist: 27 - Houston
  • High School: AUSTIN HIGH SCHOOL (HOUSTON)
  • Middle Or Junior School: EDISON MIDDLE SCHOOL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7502.0

Multi Family

  • Number Of Units Total: 10

Map

Range of Values:

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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
04/19/2025 04/19/25 Price Changed $700,000 -39.1% $259 / Sq Ft
03/24/2025 03/24/25 For Sale $1,150,000 -- $426 / Sq Ft
Source: Houston Association of REALTORS®

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Source: Houston Association of REALTORS®

MLS Number: 38463050

Houston Association of REALTORS®

Texas Harris County Houston 77011 Magnolia Park

7109 Avenue E Unit 12, Houston, TX

This home is located at 7109 Avenue E Unit 12, Houston, TX 77011 and is currently priced at $700,000, approximately $259 per square foot. This property was built in 1930. 7109 Avenue E Unit 12 is a home located in Harris County with nearby schools including Franklin Elementary School, Edison Middle, and Austin High School.

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The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Steven Koleno
Listing Agent
Steven Koleno
Section Image
Beycome Brokerage Realty, LLC
(346) 637-3421