Renovated 16-Unit Multifamily
6840 Fairway Drive Houston, TX 77087
For Sale
Contact for pricing
Fully renovated 16-unit apartment building with primarily two-bedroom units and an adjacent opportunity for scale.
Property Size12,872 SF
Price / SF$108.76
Days on Market55
Property Features for 6840 Fairway Drive
General Information
- Standard status
- Active
- Size
- 12,872 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 25 at 1:04PM
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.
Amblegrove Apartments is a fully renovated 16-unit multifamily community. The property consists primarily of spacious two-bedroom units, and the community has undergone extensive renovations intended to position the asset competitively within the local rental market. The offering is structured as a standalone acquisition, with an additional option to purchase the adjacent Lancia Apartments.
The property is located in the Golfcrest submarket of Southeast Houston. It is near major regional access routes including I-45 and Loop 610, and it provides connectivity to major employment and economic centers such as the University of Houston, the Texas Medical Center, Hobby Airport, and the Port of Houston.
For investors or operators seeking a renovated small multifamily asset, Amblegrove Apartments offers a straightforward 16-unit configuration with primarily two-bedroom homes. The adjacent, recently renovated 22-unit Lancia Apartments presents an additional path to expand the footprint and create a larger multifamily portfolio through combined ownership. This makes the property a practical fit for buyers looking to manage a renovated residential income asset with an opportunity to scale through adjacency, where desired.
The property is located in the Golfcrest submarket of Southeast Houston. It is near major regional access routes including I-45 and Loop 610, and it provides connectivity to major employment and economic centers such as the University of Houston, the Texas Medical Center, Hobby Airport, and the Port of Houston.
For investors or operators seeking a renovated small multifamily asset, Amblegrove Apartments offers a straightforward 16-unit configuration with primarily two-bedroom homes. The adjacent, recently renovated 22-unit Lancia Apartments presents an additional path to expand the footprint and create a larger multifamily portfolio through combined ownership. This makes the property a practical fit for buyers looking to manage a renovated residential income asset with an opportunity to scale through adjacency, where desired.
Key Highlights
- Fully renovated 16‑unit multifamily community (year built 1960).
- Units are primarily 2‑bedroom apartments.
- Renovations include extensive updates to position the property within the surrounding rental market.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully renovated 16-unit apartment building with primarily two-bedroom units and an adjacent opportunity for scale.
Where is this apartment building located?
The property is located at 6840 Fairway Drive Houston, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Fully renovated 16‑unit multifamily community (year built 1960).; Units are primarily 2‑bedroom apartments.; Renovations include extensive updates to position the property within the surrounding rental market.
