2602 Isabella St - Apartments FOR SALE


Houston, TX 77004- Third Ward
$1,200,000 USD
713-855-0588
2602 Isabella St, Houston, TX for Sale
$1,200,000 USD
Apartments - FOR SALE
1/57
null | 7% Cap Rate

2602 Isabella St
Houston, TX 77004
Third Ward


HIGHLIGHTS

  • Stabilized
  • No Capex Needed
  • No HOA

OVERVIEW

Presenting a fully renovated, high-performing 5-unit multifamily property offering both residential and commercial flexibility. Renovated in 2019/2020 with a modern, sophisticated design, this asset stands out with a clean, airy aesthetic that continues to attract quality tenants. Located on a corner lot in a high-demand, non-flood zone, the property enjoys excellent visibility and access. Strategically positioned just minutes from the University of Houston, Texas Southern University, and Yates High School, with seamless access to I-69 and Highway 288, this location offers strong tenant demand and future appreciation potential. Property Highlights: 4 units: 2 bed / 1 bath 1 unit: studio / 1 bath Fully renovated interiors and systems $120,000 Gross Income | $80,000 NOI No HOA, No flooding, and fully stabilized Zoned for residential and commercial use — perfect for mixed-use investors Strong area fundamentals with dense population and consistent rental demand Investment Appeal: This property is a turn-key income generator with value-add potential, offering excellent returns in one of Houston’s most dynamic submarkets. Whether you’re an investor seeking cash flow or a user-buyer looking for live/work flexibility, this asset delivers on both performance and location.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

5

PRICE/UNIT

$240,000

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

n/a

APN/PARCEL ID

0611560180001

ASK ABOUT THIS PROPERTY

Kate MyhanThe Sears GroupMore Info
713-855-0588

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Kate MyhanThe Sears GroupMore Info
713-855-0588

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.