1310 Lorraine Street, Houston, TX 77009

Building Details

Year Built

1945

Listing office RE/MAX Signature g***@gmail.com Show Phone

Listing date Jan 9, 2025

Source Exitrealty

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Overview

This two-story, Craftsman-built structure offers 4066 square feet of space and presents a multifamily investment opportunity. Located just two miles from downtown Houston and within walking distance of the Metro Rail/Bus Station, the property is strategically positioned to capitalize on the rental market. The first floor features 5 bedrooms, a kitchen, a laundry room, one full bath, and large living and dining areas. The upstairs area, accessible via a separate entrance, contains 6 rental units that share 2 bathrooms with showers, a kitchen, and a large balcony. The property can be maintained for immediate cash flow or redeveloped into 2 to 4 luxury rental units. Alternatively, it could be converted into a mixed-use property with retail space below and residential units above, taking advantage of the surrounding residential neighborhood. The location provides convenient access to restaurants, entertainment, and major highways.

Suggested Use

Kitchen & Bath Showroom Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Skin Care Clinic Acupuncture Tech Support Center Daycare Center (Bike/Boat/Book/etc) Store Home Appliance Store

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

Location Insight

• Map
• Local Demand

City

Houston

County

Fort Bend

State

Texas

Longitude

-95.353976

Latitude

29.7782035

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FAQs

What type of property is this?

Apartment building - Two-story multifamily property near downtown Houston with redevelopment potential.

Where is this apartment building located?

The property is located at 1310 Lorraine Street Houston, TX.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Prime location: Just 2 miles from Downtown Houston and walking distance to Metro Rail/Bus Station.; High cashflow potential: Existing multi‑family structure with 6 rental units upstairs and potential for more.; Redevelopment opportunities: Potential to convert into 2‑4 luxury rental units or mixed‑use retail/residential.