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Multifamily Redevelopment Opportunity
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1806 W Main St, Houston, TX 77098

Multifamily property with redevelopment upside in the Montrose/Museum District area.

Property SizeContact for details
Days on Market53

Property Features for 1806 W Main St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 80%
Investment Type Redevelopment

Building Details

Year Built 1960
Buildings 1
Stories 2
Units 8
Listing Agency: Southwest Realty Group
Listed By: Kenneth Li · License #TX 0337696
Source: Crexi
Added: Jun 22 Changed: Aug 8 Last Checked: Aug 12 at 11:54AM

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 Southwest Realty Group

Investment Insights

Based on property information with market context.

This multifamily property is being offered for redevelopment, with an opportunity to rebuild or remodel based on the existing site. It is positioned as a redevelopment-focused asset for buyers looking to renovate or reimagine residential income use.

The property is located at 1806 W Main St in the Houston area, within the Montrose/Museum District and St Thomas University area. Its setting offers a residential neighborhood context aligned with the property type.

For buyers seeking a value-add or repositioning strategy, this asset can be evaluated for how it may be rebuilt or remodeled to support ongoing residential income use. Consider your redevelopment approach in relation to the property’s existing configuration and the scope of improvements you plan to execute, since the offering is specifically positioned around redevelopment rather than turn-key operations.

Key Highlights

  • Multifamily property with redevelopment, rebuild, or remodel potential
  • Built in 1960
  • Located in the Montrose/Museum District/St. Thomas University area

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Nursing Home HVAC Service Butcher Mobile Phone Store (Bike/Boat/Book/etc) Store Fish Market

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

3,110
Businesses Nearby

Demographics for 77098, TX

15,717
Population
10,181
Households
1.5
Avg Household Size
36
Median Age
81%
College-Educated
99%
High-School Grad
1.8 sq mi
ZIP Area
8,732
Density / Sq Mi
$115,867
Median Household Income
$83,401
Median Earnings
$1,854
Median Rent
$777,700
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?
Multifamily property - Multifamily property with redevelopment upside in the Montrose/Museum District area.
Where is this multifamily property located?
The property is located at 1806 W Main St Houston, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Multifamily property with redevelopment, rebuild, or remodel potential; Built in 1960; Located in the Montrose/Museum District/St. Thomas University area
(713) 826-3388 Call to check price and availability
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