Lawndale Village Apartment
For Sale
Contact for pricing
1500 Lawndale Plaza, Houston, TX 77023
Multifamily community with onsite offices, laundry facilities, covered parking, reserved spaces, and storage.
Property SizeContact for details
Days on Market81
Property Features for 1500 Lawndale Plaza
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
95%
Units
Unit Mix
2 x studio, 50 x 1BR/1BA, 38 x 2BR/1BA
Multifamily Units
90
Additional Details
Highway Access
Yes
Amenities
onsite leasing office
two separate laundry facilities
covered and reserved parking
six onsite storage units
Attractive assumable loan in place featuring a below-market interest rate of 3.47%, locked through September 2030, providing an incoming investor with immediate cash flow and favorable debt day one.
Stabilized, cash flowing asset situated in one of Houston's most rapidly evolving and high-growth corridors on the city's East Side.
Strong, diverse unit mix of 2 studios, 50 one-bedroom units, and 38 spacious two-bedroom units with competitive in place rents and room for further upside.
Asset features an array of onsite amenities including covered and reserved parking, an onsite leasing office, two laundry facilities, and six storage units.
Building Details
Units
90
Listing Agency:
Marcus & Millichap - Houston
Listed By:
Will Garrison · License #License(s): TX: 816614
(713) 452-4253
Source:
Marcusmillichap
Added: Jun 16
Changed: Sep 1
Last Checked: Sep 4 at 2:04AM
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 Marcus & Millichap - Houston
Investment Insights
Based on property information with market context.
Lawndale Village Apartments is a 90-unit multifamily property at 1500 Lawndale Plaza in Houston. The unit mix includes 2 studios, 50 one-bedroom/one-bathroom residences, and 38 two-bedroom/one-bathroom residences. Property improvements include an onsite leasing office, two separate laundry facilities, covered and reserved parking, and six onsite storage units.
The property is located just north of I-45, with access to downtown Houston, Midtown, and the Texas Medical Center. Ownership has introduced charges for covered and reserved parking and begun a RUBS program for water utility costs. These operating initiatives are in place for a new owner to continue managing as part of the property’s existing revenue structure.
The property is located just north of I-45, with access to downtown Houston, Midtown, and the Texas Medical Center. Ownership has introduced charges for covered and reserved parking and begun a RUBS program for water utility costs. These operating initiatives are in place for a new owner to continue managing as part of the property’s existing revenue structure.
Key Highlights
- 90‑unit apartment property with 2 studios, 50 one‑bedroom units, and 38 two‑bedroom units
- Onsite leasing office and two separate laundry facilities
- Covered and reserved parking available on the property
Property Analytics
Property Profile
Current Use
Lease Details
90
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily community with onsite offices, laundry facilities, covered parking, reserved spaces, and storage.
Where is this apartment building located?
The property is located at 1500 Lawndale Plaza Houston, TX.
What are key features of this property?
This property features: 90‑unit apartment property with 2 studios, 50 one‑bedroom units, and 38 two‑bedroom units; Onsite leasing office and two separate laundry facilities; Covered and reserved parking available on the property
