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5022 Mallow St 7 Unit Apartment Building $800,000 ($114,286/Unit) Houston, TX 77033
EXECUTIVE SUMMARY
Partners Real Estate is pleased to present 5022 Mallow Street, a well-located multifamily asset positioned just eight miles south of Downtown Houston and minutes from major employment, education, and transportation hubs. This property offers investors an attractive combination of stable in-place cash flow and value-add potential through targeted renovations and rent optimization.
Benefiting from proximity to the Texas Medical Center, the University of Houston, Texas Southern University, and William P. Hobby Airport, 5022 Mallow offers residents excellent connectivity via State Highway 288 and I-610 to Houston’s central business districts and the broader metro area.
The surrounding area’s affordability, growing population, and central location continue to support strong rental demand. The neighborhood has experienced steady home value appreciation and rent growth while maintaining a cost advantage compared to other inner-loop submarkets. With limited new multifamily construction and a consistent tenant base, the market is well-positioned for sustained occupancy.
Offering a solid operational foundation in a historically stable area, 5022 Mallow Street represents a compelling opportunity for investors seeking cash flow, upside through value-add improvements, and long-term positioning in one of Houston’s most accessible and resilient residential corridors.
Benefiting from proximity to the Texas Medical Center, the University of Houston, Texas Southern University, and William P. Hobby Airport, 5022 Mallow offers residents excellent connectivity via State Highway 288 and I-610 to Houston’s central business districts and the broader metro area.
The surrounding area’s affordability, growing population, and central location continue to support strong rental demand. The neighborhood has experienced steady home value appreciation and rent growth while maintaining a cost advantage compared to other inner-loop submarkets. With limited new multifamily construction and a consistent tenant base, the market is well-positioned for sustained occupancy.
Offering a solid operational foundation in a historically stable area, 5022 Mallow Street represents a compelling opportunity for investors seeking cash flow, upside through value-add improvements, and long-term positioning in one of Houston’s most accessible and resilient residential corridors.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $800,000 | Building Class | C |
| Price Per Unit | $114,286 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 5,332 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1960/2023 |
| Apartment Style | Low-Rise | Parking Ratio | 1.87/1,000 SF |
| Zoning | None | ||
| Price | $800,000 |
| Price Per Unit | $114,286 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 5,332 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2023 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | None |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Tile Floors
- Carpet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | - | 762 |
1 1
PROPERTY TAXES
| Parcel Number | 0751990190006 | Improvements Assessment | $321,876 |
| Land Assessment | $113,400 | Total Assessment | $435,276 |
PROPERTY TAXES
Parcel Number
0751990190006
Land Assessment
$113,400
Improvements Assessment
$321,876
Total Assessment
$435,276
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5022 Mallow St
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