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    4831 Sycamore Ave, Unit 16 Pasadena, TX 77503

    For Sale
    $1,360,000

    17-unit renovated multifamily property, excellent location, immediate growth potential.

    Lot size:
    0.56 Acres

    Property Features for 4831 Sycamore Ave

    General Information

    Lot size
    0.56 Acres

    Building Details

    Year built
    1963

    Source: eXp Realty LLC Agent Sheila Montilla Sequera

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

    Overview

    Renovated Multifamily Asset Near Houston

    Sycamore Flats is a 17-unit multifamily asset constructed in 1963 that underwent extensive renovations in 2022-23. The property is strategically located 20 miles southeast of downtown Houston, providing access to major employment centers, highways, and airports. The recent renovations have modernized Sycamore Flats into a desirable living space, featuring modernized interiors and a durable metal roof. The property has virtually no deferred maintenance. This turnkey investment offers immediate growth potential, allowing investors to capitalize on a 5-year hold by maximizing rents and addressing loss to lease.
    Location Intelligence

    Current Use by Public Records

    Expertise Air-Flow Ductless ... Apartment Complex Professionally Clean House Cleaning Service Colon Brothers Roof ... Roofing Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.168923
    Latitude
    29.6710445

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    FAQs

    What type of property is this?
    Apartment building - 17-unit renovated multifamily property, excellent location, immediate growth potential.
    Where is this apartment building located?
    The property is located at 4831 Sycamore Ave, Unit 16 Pasadena, TX.
    What is the asking price?
    The asking price for this property is $1,360,000.
    What are key features of this property?
    This property features: - Extensive renovation completed in 2022-23, resulting in modernized interiors.; - Strategically located 20 miles southeast of downtown Houston, providing excellent access to employment centers.; - Turnkey investment opportunity with immediate growth potential through rent maximization.
    (361) 648-7925
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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
    4831 Sycamore Ave, Unit 16 Pasadena, TX 77503
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