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Gregg St Apartments 2524 Gregg St 49 Unit Apartment Building $2,150,000 ($43,878/Unit) Houston, TX 77026
Investment Highlights
- Strategic Inner-City Location
- Efficient Boutique-Scale Asset
- Proximity to Major Transportation Corridors
- Stable Budget Hospitality Demand
- Value-Add Potential Through Renovation
Executive Summary
2524 Gregg Street is a 50-unit (49 units plus one manager’s unit) workforce housing asset located in Houston’s East River development submarket. Originally a hospitality property, the asset has been successfully converted into a multifamily offering that caters to both local workforce tenants and extended-stay residents. The property features copper wiring and includes two units equipped with kitchens, supporting flexible leasing options.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Price | $2,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $43,878 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.83 AC |
| No. Units | 49 | Building Size | 12,027 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2021 |
| Price | $2,150,000 |
| Price Per Unit | $43,878 |
| Sale Type | Investment |
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 12,027 SF |
| No. Stories | 2 |
| Year Built | 2021 |
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Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $314,404 | |
| Land Assessment | $529,836 | Total Assessment | $844,240 |
Property Taxes
Parcel Numbers
Land Assessment
$529,836
Improvements Assessment
$314,404
Total Assessment
$844,240
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Gregg St Apartments | 2524 Gregg St
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