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2127-1 Maximilian St 6 Unit Apartment Building $570,000 ($95,000/Unit) 8.07% Cap Rate Houston, TX 77039



Executive Summary
The 2127 Maximilian Apartments is a 6-unit multifamily complex, 1 four bed house and 5 unit complex, located in Houston’s I-69 North submarket. Originally built in 1971, the property underwent extensive renovations in 2021 and 2025. The community is positioned in a workforce-driven area with many industrial and airport employees and limited new apartment supply—making it an ideal candidate for rent growth as a “best-in-class” asset catering to a strong blue-collar tenant base. Major capital improvements have already been completed, including a new septic system and water well. All units have been upgraded with high-end finishes such as granite countertops, stainless-style appliances, and faux-wood flooring. The front house was recently renovated, and is currently for lease for $1700 per month. Additional income is generated through the onsite laundry facility, which includes two coin-operated commercial washers and two dryers. Further information available upon request.
Property Facts
| Price | $570,000 | Building Class | C |
| Price Per Unit | $95,000 | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 4,300 SF |
| Cap Rate | 8.07% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1971/2021 |
| Property Subtype | Apartment | Parking Ratio | 2.79/1,000 SF |
| Apartment Style | Townhome |
| Price | $570,000 |
| Price Per Unit | $95,000 |
| Sale Type | Investment |
| Cap Rate | 8.07% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 4,300 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1971/2021 |
| Parking Ratio | 2.79/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Granite Countertops
- Carpet
- Yard
- Double Pane Windows
- Lawn
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 1+1 | 3 | - | - |
| 4+1 | 1 | - | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $410,678 | |
| Land Assessment | $54,600 | Total Assessment | $465,278 |
Property Taxes
Parcel Numbers
Land Assessment
$54,600
Improvements Assessment
$410,678
Total Assessment
$465,278
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2127-1 Maximilian St
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