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Renovated Multifamily Apartment Complex
For Sale
Contact for pricing
Pending

6705 Fairway Dr, Houston, TX 77087

Completely renovated apartment complex with majority 1-bedroom units and landlord-paid water; electric is individually metered.

Property SizeContact for details
Lot Size0.55 Acres
Days on Market149

Property Features for 6705 Fairway Dr

General Information

Standard status Pending
Class C
Lot size 0.55 Acres
Property subtype Multifamily
Listing Agency: Zeustra Healthcare Real Estate Advisors
Listed By: Kamil Patel · License #744366
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Sep 4 at 6:29PM

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 Zeustra Healthcare Real Estate Advisors

Investment Insights

Based on property information with market context.

Sunset Valley Apartments is a for-sale multifamily apartment complex that has been completely renovated with modern finishes. The property is described as Class C and features a majority of 1-bedroom/1-bath units. Utilities are set up with water paid by the landlord and electricity individually metered for each tenant, and interested parties can review the rent roll for a complete breakdown.

The complex is located at 6705 Fairway Dr in Houston, in the Golfcrest neighborhood (per the seller’s remarks). The site is noted as a 0.55-acre lot.

The listing also states the deal is suitable for a long-term hold and is described as stabilized. Seller remarks further indicate lender approval by multiple lenders and that an inspection is available for qualified purchasers to review.

Key Highlights

  • Sunset Valley Apartments at 6705 Fairway Dr, Houston, TX 77078
  • Priced at $2,400,000; Class C multifamily on a 0.55‑acre lot
  • Completely renovated apartment complex with modern finishes

Property Analytics

Current Use

Sunset Valley Apartment Building

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Daycare Center (Bike/Boat/Book/etc) 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

1,008
Businesses Nearby

Demographics for 77087, TX

34,654
Population
12,400
Households
2.8
Avg Household Size
35
Median Age
12%
College-Educated
63%
High-School Grad
6.6 sq mi
ZIP Area
5,251
Density / Sq Mi
$53,624
Median Household Income
$32,927
Median Earnings
$1,015
Median Rent
$148,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Completely renovated apartment complex with majority 1-bedroom units and landlord-paid water; electric is individually metered.
Where is this apartment building located?
The property is located at 6705 Fairway Dr Houston, TX.
What are key features of this property?
This property features: Sunset Valley Apartments at 6705 Fairway Dr, Houston, TX 77078; Priced at $2,400,000; Class C multifamily on a 0.55‑acre lot; Completely renovated apartment complex with modern finishes
More about this property
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