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Two-Property Multifamily Portfolio
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1423 Kipling St & 400 Westmoreland St, Houston, TX 77006

24-unit portfolio offered across two multifamily properties in the Montrose submarket of Houston, Texas.

Property SizeContact for details
Days on Market137

Property Features for 1423 Kipling St & 400 Westmoreland St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 24
Listing Agency: Bran Real Estate Services
Listed By: Jeremy Bran · License #9008807
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 2:07PM

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 Bran Real Estate Services

Investment Insights

Based on property information with market context.

This offering is a 24-unit multifamily portfolio consisting of two properties. The portfolio is positioned within Houston’s Montrose submarket, which includes a mix of Class A and Class C multifamily properties.

The address locations provided are 1423 Kipling St and 400 Westmoreland St in Houston, TX 77006. The seller’s remarks indicate redevelopment in the surrounding area has created an opportunity for a Class B asset to help fill a gap in the market.

Details on unit mix, building improvements, and specific property configurations are not provided in the available information.

Key Highlights

  • 24‑unit multifamily portfolio across two separate properties in Houston, TX (Montrose submarket).
  • Properties are located in the Montrose submarket, which includes Class A and Class C multifamily.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Plumbing Service Locksmith Garden Center

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

24
Residential units

Location Intelligence

Trade Area within ½ mile

3,794
Businesses Nearby

Demographics for 77006, TX

24,129
Population
16,654
Households
1.4
Avg Household Size
36
Median Age
80%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
10,491
Density / Sq Mi
$102,003
Median Household Income
$73,275
Median Earnings
$1,761
Median Rent
$599,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - 24-unit portfolio offered across two multifamily properties in the Montrose submarket of Houston, Texas.
Where is this apartment building located?
The property is located at 1423 Kipling St & 400 Westmoreland St Houston, TX.
What are key features of this property?
This property features: 24‑unit multifamily portfolio across two separate properties in Houston, TX (Montrose submarket).; Properties are located in the Montrose submarket, which includes Class A and Class C multifamily.
More about this property
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