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Investment Highlights
- Strong Operating Performance With Upside
- Accelerated Depreciation Benefit
- Direct Benefit From Urban Revitalization
- Residential-Quality Design & Construction
- Convenient Access to Houston MSA
Executive Summary
Transwestern’s Houston Multifamily Investment Sales Team is pleased to present Kennon Heights, an 18-unit, townhome-style community in Houston’s Northside neighborhood offering investors a newly constructed, fully stabilized, low-maintenance asset with strong in-place cash flow and immediate rental upside. Delivered in two phases in 2023 and 2025, the Property is strategically located along the METRORail Red Line with direct access to Downtown Houston and the Texas Medical Center. Kennon Heights features a differentiated, home-like design with private rooftop decks, fenced yards, and modern finishes that have driven rapid absorption and a stabilized rent roll. Adjacent to Moody Park, which is undergoing a multimillion-dollar revitalization, the property offers investors durable cash flow, transit-oriented fundamentals, and embedded upside from a rapidly improving urban corridor.
Property Facts
| Sale Type | Investment | Building Size | 17,172 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2023 |
| Building Class | B | Parking Ratio | 1.51/1,000 SF |
| Lot Size | 0.39 AC | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.39 AC |
| Building Size | 17,172 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2023 |
| Parking Ratio | 1.51/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Sprinkler System
- Range
- Walk-In Closets
- Yard
- Deck
- Linen Closet
- Pantry
- Vinyl Flooring
Site Amenities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1.5 | 18 | $2,200 | 954 |
1 1
Walk Score®
Very Walkable (72)
Property Taxes
| Parcel Number | 0550660000006 | Improvements Assessment | $1,189,361 |
| Land Assessment | $349,316 | Total Assessment | $1,538,677 |
Property Taxes
Parcel Number
0550660000006
Land Assessment
$349,316
Improvements Assessment
$1,189,361
Total Assessment
$1,538,677
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Kennon Heights | 3824 Fulton St
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