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106-Unit Apartment Community
For Sale
Contact for pricing
Pending

202 Plaza Verde Dr, Houston, TX 77038

Eight buildings form a condo and townhouse residential complex with HOA-administered water allocation.

Property SizeContact for details
Lot Size14.80 Acres
Days on Market144

Property Features for 202 Plaza Verde Dr

General Information

Standard status Pending
Lot size 14.80 Acres
Property subtype Multifamily
Net Operating Income $398,911

Financials

Cap Rate 4.7%
Gross Income $1,031,190

Additional Details

Multifamily Units 106

Building Details

Year Built 1983
Buildings 8
Listing Agency: Cross Country Commercial Realty Inc.
Listed By: George Gavalas · License #NY10311208861
Source: Crexi
Added: Apr 12 Changed: Sep 2 Last Checked: Sep 1 at 1:45AM

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 Cross Country Commercial Realty Inc.

Investment Insights

Based on property information with market context.

The property consists of 8 buildings containing 106 residential units configured as condos and townhouses. Constructed in 1983, the community occupies 14.8 acres and operates with a full HOA structure.

Water allocation is handled through the HOA. The property is located at 202 Plaza Verde Dr in Houston, Texas 77038. The offering reflects a 4.7% cap rate.

Key Highlights

  • 106 units across 8 buildings
  • 14.8‑acre property at 202 Plaza Verde Dr, Houston, TX 77038
  • Condo and townhouse unit configuration

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Home Appliance Store Parking Lot & Garage Florist Acupuncture 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

106
Residential units

Location Intelligence

Trade Area within ½ mile

779
Businesses Nearby

Demographics for 77038, TX

30,483
Population
9,134
Households
3.3
Avg Household Size
31
Median Age
12%
College-Educated
65%
High-School Grad
9.7 sq mi
ZIP Area
3,143
Density / Sq Mi
$50,655
Median Household Income
$31,662
Median Earnings
$1,248
Median Rent
$173,500
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 - Eight buildings form a condo and townhouse residential complex with HOA-administered water allocation.
Where is this apartment building located?
The property is located at 202 Plaza Verde Dr Houston, TX.
What are key features of this property?
This property features: 106 units across 8 buildings; 14.8‑acre property at 202 Plaza Verde Dr, Houston, TX 77038; Condo and townhouse unit configuration
More about this property
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