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Mixed-Use Property with Apartments
For Sale
Contact for pricing
Pending

5033 Polk St, Houston, TX 77023

Eight apartments, a commercial building, separate utility meters, and a new roof create a versatile income-producing configuration.

Property SizeContact for details
Days on Market141

Property Features for 5033 Polk St

General Information

Standard status Pending
Property subtype Mixed Use, Multifamily, Retail, Land

Property Condition

Severity Repairs Needed
Evidence remodel

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes
Utilities to Site Yes

Additional Details

Opportunity Zone Yes
Multifamily Units 8

Building Details

Buildings 2
Listing Agency: Brombacher & Co
Listed By: Mike Brombacher · License #TX 667032
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 9:49AM

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 Brombacher & Co

Investment Insights

Based on property information with market context.

This mixed-use property combines an eight-unit apartment building with a separate 1,000-square-foot commercial building at the corner of Polk Street and Altic Street in Houston. The apartments have individual electric and gas meters, while the property also includes a 7,500-square-foot lot at 1136 Altic St. A new roof has been installed on the apartment building.

The site is positioned near METRO light rail, the Texas Medical Center, major freeways, Dynamo, Discovery Green, downtown Houston, and Toyota Center. The property is identified as being in an Opportunity Zone and includes parking. The two associated tax IDs are 0562930000005 and 0562930000006.

The lot provides additional space, with the source information noting potential for a duplex or fourplex subject to applicable requirements. Nearby development includes patio homes, Coog's Crossing at I-45 and Cullen, and the East End Maker Hub.

Key Highlights

  • Eight‑unit apartment building with a new roof
  • Separate 1,000‑square‑foot commercial building
  • 7,500‑square‑foot lot at 1136 Altic St

Property Analytics

Current Use

G & R Appliance Home Appliance Store

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Spa & Massage Center Skin Care Clinic Law Firm Daycare Center

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

8
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

812
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?
Mixed-use property - Eight apartments, a commercial building, separate utility meters, and a new roof create a versatile income-producing configuration.
Where is this mixed-use property located?
The property is located at 5033 Polk St Houston, TX.
What are key features of this property?
This property features: Eight‑unit apartment building with a new roof; Separate 1,000‑square‑foot commercial building; 7,500‑square‑foot lot at 1136 Altic St
(713) 446-3433 Call to check price and availability
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