Two-Phase Senior Housing
For Sale
Contact for pricing
Pending
12420 Bellaire Blvd, Houston, TX 77072
Two-phase senior housing campus with 264 units, including a non-operational Phase 1 and a near-complete Phase 2.
Property SizeContact for details
Days on Market116
Property Features for 12420 Bellaire Blvd
General Information
Standard status
Pending
Property subtype
Multifamily, Senior Living
Listing Agency:
BWE Investment Sales
(972) 960-1222
Listed By:
Charles Bissell · License #TX 334485
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Aug 4 at 10:58AM
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 BWE Investment Sales
Investment Insights
Based on property information with market context.
Jones Lang LaSalle (JLL) presents a two-phase senior housing campus totaling 264 units on a 5.5-acre site. Phase 1 was built as an assisted living and memory care building with 119 rentable units; it was competed in 2020, operated for a brief time, and is currently non-operational.
Phase 2 includes a 145-unit building designed for active adult or independent living and is nearing final completion, with a certificate of occupancy expected within the near term. With both buildings currently non-operational, buyers have flexibility in how to market and operate the property, with potential uses identified in the offering that include multi-family, active adult, assisted living, memory care, and behavioral health.
The seller prefers to sell both phases to a single buyer, but will also consider offers for only one of the two phases.
Phase 2 includes a 145-unit building designed for active adult or independent living and is nearing final completion, with a certificate of occupancy expected within the near term. With both buildings currently non-operational, buyers have flexibility in how to market and operate the property, with potential uses identified in the offering that include multi-family, active adult, assisted living, memory care, and behavioral health.
The seller prefers to sell both phases to a single buyer, but will also consider offers for only one of the two phases.
Key Highlights
- Two‑phase senior housing campus in Houston, TX totaling 264 units on a 5.5‑acre site
- Phase 1: 119 rentable units built as assisted living and memory care; completed in 2020 and currently non‑operational
- Phase 2: 145‑unit building designed for active adult or independent living; nearing final completion
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,448
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77072, TX
56,271
Population
20,371
Households
2.8
Avg Household Size
35
Median Age
18%
College-Educated
70%
High-School Grad
7.4 sq mi
ZIP Area
7,604
Density / Sq Mi
$49,893
Median Household Income
$26,980
Median Earnings
$1,248
Median Rent
$175,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Two-phase senior housing campus with 264 units, including a non-operational Phase 1 and a near-complete Phase 2.
Where is this assisted living facility located?
The property is located at 12420 Bellaire Blvd Houston, TX.
What are key features of this property?
This property features: Two‑phase senior housing campus in Houston, TX totaling 264 units on a 5.5‑acre site; Phase 1: 119 rentable units built as assisted living and memory care; completed in 2020 and currently non‑operational; Phase 2: 145‑unit building designed for active adult or independent living; nearing final completion
