Renovated 12-Unit Apartment
For Sale
Contact for pricing
Pending
2232 Bellefontaine, Houston, TX 77030
Fully furnished multifamily property in Houston’s Medical Center submarket with varied unit configurations and townhome-style layouts.
Property SizeContact for details
Days on Market145
Property Features for 2232 Bellefontaine
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Waller Group Homes
Listed By:
Logan Waller · License #TX 0479147
(214) 818-4109
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 10:05PM
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 Waller Group Homes
Investment Insights
Based on property information with market context.
This 12-unit apartment property at 2232 Bellefontaine in Houston includes a mix of seven two-bedroom townhome-style residences, three additional two-bedroom units, one one-bedroom unit, and one studio. The building dates to 1955 and received a complete interior renovation in 2019. Units are furnished, and the property is operated with an onsite manager who participated in the renovation as project manager.
The property is situated in Houston’s Medical Center submarket, near the Texas Medical Center and Rice University. The Texas Medical Center has more than 100,000 employees, while the surrounding area also includes employment concentrations in the energy and financial sectors. Existing leases are long term, and the furnished configuration supports consideration of shorter lease periods where appropriate.
The offering has been underwritten using a 4.8% T-12 economic vacancy assumption and reflects a 6.16% cap rate. Unit sizes range from 450 SF to 1,100 SF.
The property is situated in Houston’s Medical Center submarket, near the Texas Medical Center and Rice University. The Texas Medical Center has more than 100,000 employees, while the surrounding area also includes employment concentrations in the energy and financial sectors. Existing leases are long term, and the furnished configuration supports consideration of shorter lease periods where appropriate.
The offering has been underwritten using a 4.8% T-12 economic vacancy assumption and reflects a 6.16% cap rate. Unit sizes range from 450 SF to 1,100 SF.
Key Highlights
- 12‑unit apartment property with seven 2‑bedroom townhome‑style units
- 2019 full gut renovation following original 1955 construction
- Unit mix includes 7 2‑bedroom townhomes, 3 2‑bedroom units, 1 1‑bedroom, and 1 studio
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,526
Businesses Nearby
Explore this area
Business Placement
Demographics for 77030, TX
13,221
Population
7,842
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
99%
High-School Grad
2.6 sq mi
ZIP Area
5,085
Density / Sq Mi
$79,415
Median Household Income
$62,929
Median Earnings
$1,684
Median Rent
$614,100
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 - Fully furnished multifamily property in Houston’s Medical Center submarket with varied unit configurations and townhome-style layouts.
Where is this apartment building located?
The property is located at 2232 Bellefontaine Houston, TX.
What are key features of this property?
This property features: 12‑unit apartment property with seven 2‑bedroom townhome‑style units; 2019 full gut renovation following original 1955 construction; Unit mix includes 7 2‑bedroom townhomes, 3 2‑bedroom units, 1 1‑bedroom, and 1 studio
