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Renovated Multifamily Near Rice University
For Sale
$1,050,000

2312 Watts Street, Houston, TX 77030

Renovated multifamily property near Rice University and Texas Medical Center.

Property Size2,584 SF
Price / SF$406.35
Days on Market146

Property Features for 2312 Watts Street

General Information

Standard status Active
Size 2,584 SF
Property subtype Multi-Family

Taxes and HOA fees

Annual Taxes $17,555

Amenities

Tile,Vinyl,Wood
Yes
2
4
Washer Hookup,Dryer Hookup
Appraiser
Balcony,Ceiling Fan(s),Programmable Thermostat
6050
Carport,Electric Gate
2584

Building Details

Building Size 2,584 SF
Year Built 1940
Stories 2
Listing Agency: Texas Sunset Realty
Listed By: Gabriela Gomez
Source: Garygreene
Added: Apr 11 Changed: Sep 2 Last Checked: Sep 2 at 3:14PM

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 Texas Sunset Realty

Investment Insights

Based on property information with market context.

This recently renovated multifamily property is situated in the Rice/Museum District. The front building comprises two units, each featuring 2 bedrooms, 1 full bath, and a formal dining area. A detached garage studio unit includes a living area, kitchen, 2 bedrooms, and 1 full bath. The property has a gated driveway. It is conveniently located within walking distance of Rice University, parks, and Rice Village, and is a short distance from the Texas Medical Center. This property is suitable for either an owner-occupant or as an investment opportunity. The property is tenant-occupied, and current leases for units 2312 & 2314 expire in May 2026. The location has a bike score of 58, indicating it is bikeable, a walk score of 71, indicating it is very walkable, and a transit score of 51, indicating good transit options.

Key Highlights

  • Prime location in the highly desirable Rice/Museum District, near Rice University, parks, and Rice Village.
  • Multi‑family property ideal for owner‑occupant or investment.
  • Recently renovated units.

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick HVAC Service Food Market (Bike/Boat/Book/etc) Store Storage Facility Butcher Auto Parts Store

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

3,432
Businesses Nearby

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

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?
Multifamily property - Renovated multifamily property near Rice University and Texas Medical Center.
Where is this multifamily property located?
The property is located at 2312 Watts Street Houston, TX.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Prime location in the highly desirable Rice/Museum District, near Rice University, parks, and Rice Village.; Multi‑family property ideal for owner‑occupant or investment.; Recently renovated units.
More about this property
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