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3603 Alice St
Houston, TX 77021
Alice Street Apartments · Multifamily Property For Sale · 65 Units

INVESTMENT HIGHLIGHTS

  • 3603 Alice Street is a 65-unit value-add multifamily investment with access to the Interstates 610 and 45 interchange and the Texas Medical Center.
  • Surrounded by a stabilized tenant pool; over 60% of residents living within a 3-mile radius rely on rental properties as their residence.
  • OST-South Union Submarket multifamily rents have grown nearly 3% YOY since April of 2023, according to CoStar Analytics.
  • Conveniently situated between US Highway 90 ALT and I-610, and just four minutes from some of the most essential community service providers.
  • Over 145,000 residents living within a 3-mile radius tallied a consumer spending total of over $1.3 billion in 2023.
  • Surrounded by national retailers and service providers, including Aldi, Walgreens, McDonald’s, UPS, CITI, Bank of America, and more.

PROPERTY FACTS

Sale Condition Auction Sale
Type of Ownership Fee Simple
No. Units 65
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 2.33 AC
Building Size 58,442 SF
Average Occupancy 100%
No. Stories 2
Year Built 1965
Zoning None
Parcel Numbers
0450640000254
  • 0450640000256
  • 0450640000257
  • 0450640000261
  • 0450640000262
  • 0450640000263
  • 0450640000264

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Oven
  • Carpet

SITE AMENITIES

  • Laundry Facilities
  • Picnic Area
  • Property Manager on Site
  • Maintenance on site
  • Listing ID: 31365425

  • Date on Market: 3/29/2024

  • Last Updated:

  • Address: 3603 Alice St, Houston, TX 77021

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