$1,200,000

Estimated payment $7,612/month

Total Views 5,434
2 Beds
1 Bath
8,490 Sq Ft
$141 Price per Sq Ft

Highlights

  • 19,274 Sq Ft lot
  • Central Air
  • Window Unit Heating System

About This Home

Excellent value-add investment opportunity in a developing pocket of Northeast Houston. This 15-unit property features 10 studio apartments along with 1-bedroom and 2-bedroom layouts, situated on an expansive 19,274 square foot lot. The property is fully occupied on stable short-term and month-to-month leases, providing immediate cash flow on day one. Strong upside potential through targeted renovations to align with rising neighborhood rents, or full redevelopment leveraging the large lot footprint. New construction is active in the immediate surrounding area. Tenant occupied—please do not disturb occupants.

Listing Agent

Eduardo Pena

SES Real Estate Group License #0811232 Listed on: 07/27/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,343

Year Built

  • Built in 1960

Lot Details

  • 19,274 Sq Ft Lot

Interior Spaces

  • 8,490 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Hilliard Elementary School
  • Forest Brook Middle School
  • North Forest High School

Utilities

  • Cooling System Powered By Gas
  • Window Unit Cooling System
  • Central Air
  • Window Unit Heating System

Community Details

  • 15 Units
  • Smiley Place Sec 01 Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,343

Year Built

Built in 1960

Lot Details

0.44 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1960
  • Subdivision Name: Smiley Place Sec 01
  • Unit Levels: Two
  • New Construction: No
  • UniversalParcelId: urn:reso:upi:2.0:US:48201:079-079-005-0055
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 8490.0

Exterior Features

  • Disclosures: Owner Is Listing Agent
  • Roof: Other

Utilities

  • Cooling: Central Air, Electric, Gas, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window Unit
  • Heating Yn: Yes

Schools

  • Elementary School: HILLIARD ELEMENTARY SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: NORTH FOREST HIGH SCHOOL
  • Middle Or Junior School: FOREST BROOK MIDDLE SCHOOL

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 12343.0

Multi Family

  • Number Of Units Total: 15

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/27/2025 07/27/25 For Sale $1,200,000 -- $141 / Sq Ft
Source: Houston Association of REALTORS®

Source: Houston Association of REALTORS®

MLS Number: 73391844

Houston Association of REALTORS®

APN: 0790790050055

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