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    415 Fairview Ave Houston, TX 77006

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    For Sale
    $1,700,000

    Nine-unit multifamily property in Montrose with long-term leases.

    Lot size:
    0.11 Acres

    Property Features for 415 Fairview Ave

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1940

    Source: Beth Wolff Realtors Agent Ed Wolff

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property in Montrose

    This multifamily property, located in the Montrose area, features nine units under long-term leases. Each unit includes a washer, dryer, and refrigerator. On-site parking is available. All units have been updated and feature central AC and heat. The property is located within walking distance of cafes, bars, and retail establishments. A new roof is planned for April 2025. This property is intended for use as a multifamily rental unit.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.3911
    Latitude
    29.7412

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    FAQs

    What type of property is this?
    Apartment building - Nine-unit multifamily property in Montrose with long-term leases.
    Where is this apartment building located?
    The property is located at 415 Fairview Ave Houston, TX.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Multifamily rental unit with 9 units, ideal for investors.; - Prime Montrose location, walking distance to cafes, bars, and retail.; - All units are updated and under long-term leases.
    (713) 446-9205
    Request Owner's contact information
    415 Fairview Ave Houston, TX 77006
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    415 Fairview Ave Houston, TX 77006
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