This Multifamily Property is Off-Market.

6203 Marinette Dr.
Houston, TX 77036 ·

193 Units · Multifamily For Sale



Marinette Gardens

Price N/A Property Use Type Investment
No. Units 193 Cap Rate 9.50%
Building Size 176,484 SF No. Stories 3
Property Type Multifamily Year Built 1974
Property Sub-type Garden/Low-Rise Lot Size 4.29 SF
Listing ID: 18121023 Date Created: 04/12/2013 Last Updated: 10/23/2013


"C"Grade Property ~ Good Upside Potential ~ Available "all cash" ~ No
Owner Financing. Marinette Gardens is a unique opportunity for an
investor to purchase a property with good value add potential in todays
tightening "C" market.
The property has good upside potential in the rents with a rehab and
some interior upgrades. Properties that are well maintained with good
tenant services that are within close proximity of the subject maintain
above average occupancy levels.

The property is conveniently positioned in
southwest Houston approximately 2 miles inside of Beltway 8. It is less than a mile
from the Westpark Tollway and Hwy 59 (SW Freeway). The Beltway, Westpark
Tollway and Hwy 59 are 3 of Houston's major thoroughfares which allow for ease of
access to most employment centers of Houston. The residents of Marinette Gardens
benefit from the nearby schools, employment, entertainment, dinning and shopping.
The property sits approximately 2 miles outside the Westchase business district, one
of Houston's premier business addresses.


  • Grade "C" property with upside in the rents with a minor rehab
  • Good Location approximately 2 miles inside of Beltway 8 and 2 miles outside the Weschase District
  • Excellent access to Hwy 59 and Beltway 8 as well as the Westpark Tollway
  • Property has below market rents
  • The property is within minutes of the popular Westchase District, City Centre and the Galeria area
  • Located in Houston, Texas, one of the strongest economies in the US and one of the fastest growing populations


6203 Marinette Dr., Houston, TX 77036 (Harris County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Houston Market Trends - Asking price index trends, sale price trends, asking rent trends

Jim Hurd's Other Listings

  • 1700 BAYWOOD DR
    1700 BAYWOOD DR

    Bay City, TX 77414

    For Sale · Price Not Disclosed

    167,733 SF Building


  • 3501 25TH AVE. NORTH
    3501 25TH AVE. NORTH

    Texas City, TX 77590

    For Sale · Price Not Disclosed

    110,784 SF Building


  • 9950 CLUB CREEK
    9950 CLUB CREEK

    Houston, TX 77036

    For Sale · Price Not Disclosed

    147,643 SF Building


The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)