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Gated Townhome Development Under Construction
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2020 McGowen St, Houston, TX 77004

Bankruptcy auction offering for a gated 23-townhome development in various completion stages.

Property SizeContact for details
Days on Market123

Property Features for 2020 McGowen St

General Information

Standard status Active
Property subtype Multifamily, Land

Additional Details

Fenced Yard Yes
Clear Height 12 ft
Multifamily Units 23

Amenities

gated community
private rooftop terrace
green space
Listing Agency: Berkshire Hathaway Premier Properties - Commercial Division
Listed By: Lauren Friese · License #TX 0558264
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 8:54AM

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 Berkshire Hathaway Premier Properties - Commercial Division

Investment Insights

Based on property information with market context.

Bankruptcy auction property offering the acquisition of a 23-townhome development in various stages of completion. The project is described as The Brownstones at Mc Gowen, an exclusive gated community under construction with wrought iron fencing enclosing front yards and associated green space.

The homes include features such as 12’ ceilings, oak hardwood floors, and white Carrara marble countertops, along with Energy Star stainless steel appliances and a tankless water heater. The construction is also described as incorporating spray foam insulation and low “E” windows. Select units are noted as having private rooftop terraces with downtown Houston views.

According to the offering materials, the 23 homes are currently between approximately 50% and 98% complete, with individual unit size described as about 2,200 square feet. The project is located in Midtown in Houston’s inner loop sub-market at 2020 McGowen St, Houston, TX 77004.

Key Highlights

  • Gated 23‑townhome development in Midtown (Houston, TX), under construction with homes in various completion stages.
  • Current completion ranges from 50% to 98% for the 23 townhomes.
  • 2200 SF homes with 12’ ceilings and a design intended for abundant natural light.

Property Analytics

Current Use

Sleekit Hair Cosmetic Store

Suggested Use

Top Pick Pet Grooming Service Nursing Home Butcher Storage Facility (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

Lease Details

12 ft
Clear height
23
Residential units
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

4,234
Businesses Nearby

Demographics for 77004, TX

37,005
Population
18,321
Households
2
Avg Household Size
31
Median Age
57%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
7,116
Density / Sq Mi
$65,901
Median Household Income
$55,909
Median Earnings
$1,320
Median Rent
$384,100
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 - Bankruptcy auction offering for a gated 23-townhome development in various completion stages.
Where is this apartment building located?
The property is located at 2020 McGowen St Houston, TX.
What are key features of this property?
This property features: Gated 23‑townhome development in Midtown (Houston, TX), under construction with homes in various completion stages.; Current completion ranges from 50% to 98% for the 23 townhomes.; 2200 SF homes with 12’ ceilings and a design intended for abundant natural light.
More about this property
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