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1820 Binz St
Houston, TX 77004
Multifamily Property For Sale
·
8 Units
EXECUTIVE SUMMARY
Prime location — The building sits in the Museum District of Houston, just north of the Texas Medical Center. It offers very convenient access to major employment hubs, medical campuses, cultural assets (museums) and public transit.
Low-density, boutique scale investment — It’s an 8-unit townhouse-style apartment community (rather than a large high-rise) which
allows for more hands-on management.
Large lot size for the area — The property occupies about 0.37 acres (~16,003 sq ft) in a dense, high-demand district near Medical Center + museums, lot size and flexibility provide incredible value.
Townhouse style layout with desirable features — Units are two-story, 2- or 3-bedroom formats with central air, large closets, assigned parking, gated community feel. This can appeal to tenants looking for “home-style” rental living rather than typical apartment unit.
Potential value-add / appeal to tenants in the medical & education sectors — Being near major medical institutions and universities, the property could attract professionals, faculty/staff, and longer-term tenants, providing stable demand.
Low-density, boutique scale investment — It’s an 8-unit townhouse-style apartment community (rather than a large high-rise) which
allows for more hands-on management.
Large lot size for the area — The property occupies about 0.37 acres (~16,003 sq ft) in a dense, high-demand district near Medical Center + museums, lot size and flexibility provide incredible value.
Townhouse style layout with desirable features — Units are two-story, 2- or 3-bedroom formats with central air, large closets, assigned parking, gated community feel. This can appeal to tenants looking for “home-style” rental living rather than typical apartment unit.
Potential value-add / appeal to tenants in the medical & education sectors — Being near major medical institutions and universities, the property could attract professionals, faculty/staff, and longer-term tenants, providing stable demand.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.37 AC |
| No. Units | 8 | Building Size | 19,115 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1955 |
| Building Class | C | Parking Ratio | 1.25/1,000 SF |
| Zoning | N/Ap Houston | ||
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 19,115 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | N/Ap Houston |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 1,100 |
| 3+1.5 | 4 | - | 1,500 |
PROPERTY TAXES
| Parcel Number | 1400590010001 | Improvements Assessment | $257,349 |
| Land Assessment | $1,280,320 | Total Assessment | $1,537,669 |
PROPERTY TAXES
Parcel Number
1400590010001
Land Assessment
$1,280,320
Improvements Assessment
$257,349
Total Assessment
$1,537,669
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