Renovated Multifamily Apartment
6821 Fairway Drive Houston, TX 77087
For Sale
Contact for pricing
Renovated 22-unit apartment community in Southwest Houston, offered as a stabilized, substantially preleased investment.
Property Size16,050 SF
Price / SF$105.92
Days on Market55
Property Features for 6821 Fairway Drive
General Information
- Standard status
- Active
- Size
- 16,050 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing Agency:
Partners
(713) 316-7059
Listed By:
Ryan DeGennaro · License #TX 9004042
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 26 at 6:13AM
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 Partners
Investment Insights
Based on property information with market context.
Lancia Flats Apartments is a renovated 22-unit multifamily community in Southwest Houston. The property has undergone significant improvements and is presented as a substantially preleased, stabilized asset. With a smaller unit count, the community is structured for buyers seeking a more manageable multifamily investment while maintaining appeal as renovated housing product.
The location is described as providing convenient access to major employment and destination nodes, including Downtown Houston, the Galleria, Greenway Plaza, and the Texas Medical Center. It also benefits from access to major transportation corridors, which can support day-to-day connectivity for residents.
For investors, Lancia Flats offers a starting point with in-place occupancy supported by its substantially preleased profile and stabilized positioning, along with the opportunity to continue enhancing operations over time. The renovated status may help it compete with other updated multifamily options in the surrounding market. Buyers evaluating smaller apartment communities in Houston’s infill environment may want to review unit mix, current lease terms, and the scope of completed renovations as part of their underwriting. The asset is offered for sale with an emphasis on renovated quality, established income, and ongoing operational focus.
The location is described as providing convenient access to major employment and destination nodes, including Downtown Houston, the Galleria, Greenway Plaza, and the Texas Medical Center. It also benefits from access to major transportation corridors, which can support day-to-day connectivity for residents.
For investors, Lancia Flats offers a starting point with in-place occupancy supported by its substantially preleased profile and stabilized positioning, along with the opportunity to continue enhancing operations over time. The renovated status may help it compete with other updated multifamily options in the surrounding market. Buyers evaluating smaller apartment communities in Houston’s infill environment may want to review unit mix, current lease terms, and the scope of completed renovations as part of their underwriting. The asset is offered for sale with an emphasis on renovated quality, established income, and ongoing operational focus.
Key Highlights
- Renovated 22‑unit apartment community in Southwest Houston (Year built: 1960)
- Substantially preleased and presented as a stabilized multifamily investment
- Renovations include significant improvements to compete with renovated properties in the surrounding market
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Renovated 22-unit apartment community in Southwest Houston, offered as a stabilized, substantially preleased investment.
Where is this apartment building located?
The property is located at 6821 Fairway Drive Houston, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Renovated 22‑unit apartment community in Southwest Houston (Year built: 1960); Substantially preleased and presented as a stabilized multifamily investment; Renovations include significant improvements to compete with renovated properties in the surrounding market
