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12-Unit Apartment Investment Property
For Sale
$1,000,000

4831 4835 & 4839 Gulf Fwy 12, Houston, TX 77023

Twelve units arranged as three 4-plexes in classic mid-1940s architecture.

Property Size11,249 SF
Days on Market109

Property Features for 4831 4835 & 4839 Gulf Fwy 12

General Information

Standard status Active
Size 11,249 SF
Property subtype Investment
Lease Term Month-to-month

Additional Details

Multifamily Units 12

Taxes and HOA fees

Annual Taxes $6,314

Building Details

Building Size 11,249 SF
Year Built 1946
Stories 2
Units 2
Listing Agency: Keller Williams Memorial
Listed By: Timothy Larson · License #791774-SA
Source: Elliman
Added: May 8 Changed: Aug 23 Last Checked: Aug 24 at 8:44AM

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 Keller Williams Memorial

Investment Insights

Based on property information with market context.

This multifamily property for sale features 12 units across three separate 4-plex buildings. The exterior reflects classic mid-1940s architecture.

The site is located inside the 610 Loop near the University of Houston, providing convenient access to the Texas Medical Center, Hobby Airport, and downtown Houston. The area is described as part of the evolving EADO and Eastwood neighborhoods.

Configuration-wise, the property is a three-building setup with four units per building, offering a straightforward apartment layout for ownership or investment.

Key Highlights

  • 12‑unit multifamily property with units arranged as three 4‑plexes
  • Built in 1946 with classic mid‑1940s architecture
  • Located inside the 610 Loop near the University of Houston

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Hair Salon Skin Care Clinic Pharmacy Nail Salon

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

12
Residential units

Location Intelligence

Trade Area within ½ mile

780
Businesses Nearby

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

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 - Twelve units arranged as three 4-plexes in classic mid-1940s architecture.
Where is this apartment building located?
The property is located at 4831 4835 & 4839 Gulf Fwy 12 Houston, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 12‑unit multifamily property with units arranged as three 4‑plexes; Built in 1946 with classic mid‑1940s architecture; Located inside the 610 Loop near the University of Houston
More about this property
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