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5307 PALMETTO ST, Houston, TX 77081

Three Houston residential properties contain 29 units across separate sites.

Property Size37,235 SF
Lot Size1.78 Acres
Price / SF$102.81
Days on Market28

Property Features for 5307 PALMETTO ST

General Information

Standard status Active
Size 37,235 SF
Net Rentable 37,235 SF
Lot size 1.78 Acres
Property subtype Multifamily, Mixed Use

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Multifamily Units 29
Listing Agency: KW Commercial
Listed By: Ada/Yan Wang · License #TX 0622907
Source: Crexi
Added: Sep 22 Changed: Oct 4 Last Checked: Oct 19 at 3:36AM

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 KW Commercial

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Investment Insights

Based on property information with market context.

This Houston apartment portfolio brings together three properties with 29 units and 37,235 SF of rentable space. The sites comprise approximately 77,500 SF of land in total. One component includes four adjoining lots at 5307, 5309, 5311 and 5313 Palmetto St.; the other properties are located at 5419 Gulfton St. and 6503 Mapleridge St.

The properties are in the Bellaire area, with access to I-69 and Loop 610. Connections to the Medical Center, Galleria and Downtown are also noted. The offering is available as a complete portfolio or in combinations.

Key Highlights

  • 29 units across three properties
  • 37,235 SF of rentable space
  • Approximately 77,500 SF of land

Property Analytics

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Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Pet Store Clothing & Fashion Store Pet Store & Service

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

29
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,959
Businesses Nearby

Demographics for 77081, TX

48,293
Population
21,245
Households
2.3
Avg Household Size
30
Median Age
19%
College-Educated
55%
High-School Grad
3.3 sq mi
ZIP Area
14,634
Density / Sq Mi
$42,228
Median Household Income
$27,982
Median Earnings
$990
Median Rent
$245,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three Houston residential properties contain 29 units across separate sites.
Where is this apartment building located?
The property is located at 5307 PALMETTO ST Houston, TX.
What is the asking price?
The asking price for this property is $3,828,000.
What are key features of this property?
This property features: 29 units across three properties; 37,235 SF of rentable space; Approximately 77,500 SF of land
(713) 859-2598 Call to check price and availability
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