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Income Producing Multifamily Investment

3224 Mcgowen St, Houston, TX 77004

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For Sale

$800,000

Multifamily property with six units near University Area.

Type:Investment

HighLights

Income‑producing property with immediate cash flow from 5 tenant‑occupied units.
Multi‑family opportunity to build two townhouses on a 5000 sq ft lot while collecting rent.
Located in Houston's highly desirable University Area, near major universities and the Texas Medical Center.
Six well‑maintained units (three duplexes) with a desirable 1‑bedroom, 1‑bath layout.
Easy access to I‑69, I‑45, and Hwy 288.
Low tax rate and high rental demand.

We can help!

Listing Contact

Dung Sherrill

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For Sale

$800,000

Multifamily property with six units near University Area.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 3:09 pm

Property Features for 3224 Mcgowen St

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1938

We can help!

Listing Contact

Dung Sherrill

Listing agent Dung Sherrill

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Dung Sherrill

HighLights

Income‑producing property with immediate cash flow from 5 tenant‑occupied units.
Multi‑family opportunity to build two townhouses on a 5000 sq ft lot while collecting rent.
Located in Houston's highly desirable University Area, near major universities and the Texas Medical Center.
Six well‑maintained units (three duplexes) with a desirable 1‑bedroom, 1‑bath layout.
Easy access to I‑69, I‑45, and Hwy 288.
Low tax rate and high rental demand.

Overview

This multifamily property features three well-maintained duplexes, totaling six units. Each unit has a 1-bedroom, 1-bath layout. Five units are currently tenant-occupied, with one unit available for lease, providing immediate cash flow. The property is located in Houston’s University Area, near Downtown Houston, the University of Houston, Texas Southern University, and the Texas Medical Center. The location attracts students, medical professionals, and VA personnel. Easy access to I-69, I-45, and Hwy 288 facilitates transportation. The property has a bike score of 70, indicating it is very bikeable, a walk score of 78, indicating it is very walkable, and a transit score of 63, indicating good transit options. The property is located on a 5000 square foot lot, allowing for the construction of two townhouses in the back.

Location Intelligence

Current Use by Public Records

The Dommecile Corporate Office

Suggested Use

Location Insight

Map
Local Demand

City: Houston
County: Fort Bend
State: Texas
Longitude: -95.3541144
Latitude: 29.7342591

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For sale
Duplexes
TX
Houston
77004
3224 Mcgowen St

What type of property is this?

Duplex - Multifamily property with six units near University Area.

Where is this duplex located?

The property is located at 3224 Mcgowen St Houston, TX.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: Income‑producing property with immediate cash flow from 5 tenant‑occupied units.; Multi‑family opportunity to build two townhouses on a 5000 sq ft lot while collecting rent.; Located in Houston's highly desirable University Area, near major universities and the Texas Medical Center.