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Katy Multifamily Asset with Upside
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2931 Barker Cypress Road, Houston, TX 77084

Well-maintained multifamily property in Katy with value-add potential.

Property SizeContact for details
Days on Market198

Property Features for 2931 Barker Cypress Road

General Information

Standard status Active
Property subtype Multifamily
Occupancy 96%

Building Details

Year Built 2007
Units 312
Listing Agency:
Listed By: Matt Saunders
Source: Nmrk
Added: Jan 27 Changed: Aug 12 Last Checked: Aug 13 at 5:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matt Saunders

Investment Insights

Based on property information with market context.

This well-maintained asset is located near West Houston's urban core, an area experiencing over 2 million square feet of upcoming corporate relocations. Situated in the Katy submarket, which leads the city in absorption, the property presents a first-generation value-add opportunity, having been maintained by only two owners. The surrounding area features affluent demographics and is zoned to the top-ranked Katy Independent School District. This multifamily property offers potential for increased value.

Key Highlights

  • First‑generation value‑add opportunity in a high‑demand location
  • Located near West Houston's urban core with significant corporate relocations
  • City‑leading absorption in Katy submarket

Property Analytics

Current Use

Grand Palms Apartments Apartment Complex Reiki By Elizabeth Physician 2931 Barker Cypress ... Church La Flor Diaper ... (Bike/Boat/Book/etc) Store Remo´s air conditioning ... Hardware & Home Improvement

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Skin Care Clinic Auto Parts Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

304
Businesses Nearby

Demographics for 77084, TX

109,808
Population
39,087
Households
2.8
Avg Household Size
34
Median Age
30%
College-Educated
84%
High-School Grad
31.7 sq mi
ZIP Area
3,464
Density / Sq Mi
$76,327
Median Household Income
$39,937
Median Earnings
$1,522
Median Rent
$232,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained multifamily property in Katy with value-add potential.
Where is this apartment building located?
The property is located at 2931 Barker Cypress Road Houston, TX.
What are key features of this property?
This property features: First‑generation value‑add opportunity in a high‑demand location; Located near West Houston's urban core with significant corporate relocations; City‑leading absorption in Katy submarket
More about this property
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