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Multifamily Property Near University
For Sale
$149,900

1422 Scharpe Street, Houston, TX 77023

Built in 1930 and positioned minutes from the University of Houston, with access to Houston’s Downtown and Midtown areas.

Property Size1,500 SF
Price / SF$99.93
Days on Market10

Property Features for 1422 Scharpe Street

General Information

Standard status Active
Size 1,500 SF
Property subtype Multi-Family

Taxes and HOA fees

Annual Taxes $5,324

Amenities

Yes
2
3
Appraiser
6250
1500

Building Details

Building Size 1,500 SF
Year Built 1930
Stories 1
Listing Agency: Keller Williams Houston Central
Listed By: Tory Seljenes · License #70010221
Source: Garygreene
Added: Aug 15 Changed: Aug 24 Last Checked: Aug 24 at 3:42AM

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 Keller Williams Houston Central

Investment Insights

Based on property information with market context.

This multifamily property at 1422 Scharpe Street in Houston was constructed in 1930 and has a stated property size of 1,500. The asset is located in ZIP code 77023.

The property is minutes from the University of Houston and the Downtown and Midtown areas. Its multifamily classification supports residential income-property use, while the available information identifies the building’s age and general location without detailing unit configuration or interior layout.

Key Highlights

  • Multifamily property at 1422 Scharpe Street, Houston, TX 77023
  • Constructed in 1930
  • Stated property size of 1,500

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center (Bike/Boat/Book/etc) Store Skin Care Clinic Daycare Center Accounting Firm

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

786
Businesses Nearby

Demographics for 77023, TX

26,780
Population
11,850
Households
2.3
Avg Household Size
36
Median Age
24%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
4,869
Density / Sq Mi
$50,018
Median Household Income
$35,730
Median Earnings
$1,079
Median Rent
$279,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Multifamily property - Built in 1930 and positioned minutes from the University of Houston, with access to Houston’s Downtown and Midtown areas.
Where is this multifamily property located?
The property is located at 1422 Scharpe Street Houston, TX.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Multifamily property at 1422 Scharpe Street, Houston, TX 77023; Constructed in 1930; Stated property size of 1,500
More about this property
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