Mixed-Use Investment Opportunity in
For Sale
Contact for pricing
9110 Meadowshire St, Houston, TX 77037
53-unit complex, store, car lot, and land near I-45.
Property SizeContact for details
Lot Size1.82 Acres
Days on Market173
Property Features for 9110 Meadowshire St
General Information
Standard status
Active
Class
C
Lot size
1.82 Acres
Property subtype
Land, Multifamily, Retail
Zoning
unincorporated
Occupancy
92%
Investment Type
Value Add
Net Operating Income
$267,781
Building Details
Year Built
1950
Buildings
3
Stories
2
Units
53
Tenancy
Multi
Listing Agency:
Champions Nextgen Real Estate
Listed By:
John Pankiewicz · License #9013000
Source:
Crexi
Added: Feb 21
Changed: Aug 8
Last Checked: Aug 12 at 10:41AM
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 Champions Nextgen Real Estate
Investment Insights
Based on property information with market context.
This quadruple investment opportunity is located just east of I-45, near the newly renovated four-lane Gulf Bank Drive. The property includes a 53-unit apartment complex, a restaurant and convenience store, a car lot, and one acre of open land. The apartment complex has been family-owned for over 50 years and well-maintained with steady, long-term tenants. The vacancy rate is under 10%, and major roof renovations have been completed in the last four years. There is potential for rental increases. The neighborhood is located between two church complexes. Commuting is convenient, with I-45 five minutes away, Loop 8 ten minutes away, Bush Airport fifteen minutes away, and downtown Houston fifteen minutes away. The apartments have their own water supply with two deep wells and a wastewater processing facility. The one acre of open land is suitable for additional opportunities, such as lots for new homes, mobile homes, or commercial businesses. This land is directly adjacent to a Catholic Church. The property is within the unincorporated area of Houston, so no building restrictions apply. Also included is a convenience store and restaurant that adjoins Airline Drive and has continuous high traffic and customers. The same tenant has leased and managed the business for 15 years. The car lot fronts Airline Drive with 175 feet of frontage. The auto traffic in this area is approximately 19,000 vehicles per day. This 0.82-acre tract of land has potential for a car lot, retail building, or other type of business.
Key Highlights
- Four income‑generating opportunities in one package: 53‑unit apartment complex, restaurant/convenience store, car lot, and one acre of open land.
- Apartment complex boasts low vacancy rate (under 10%), long‑term tenants, and recent roof renovations.**
- Prime location with easy access to major routes:** I‑45 (5 minutes), Loop 8 (10 minutes), Bush Airport (15 minutes), and downtown Houston (15 minutes).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Explore this area
Business Placement
Demographics for 77037, TX
19,569
Population
5,312
Households
3.7
Avg Household Size
31
Median Age
7%
College-Educated
51%
High-School Grad
6.2 sq mi
ZIP Area
3,156
Density / Sq Mi
$46,176
Median Household Income
$30,779
Median Earnings
$1,056
Median Rent
$160,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 53-unit complex, store, car lot, and land near I-45.
Where is this apartment building located?
The property is located at 9110 Meadowshire St Houston, TX.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Four income‑generating opportunities in one package: 53‑unit apartment complex, restaurant/convenience store, car lot, and one acre of open land.; Apartment complex boasts low vacancy rate (under 10%), long‑term tenants, and recent roof renovations.**; Prime location with easy access to major routes:** I‑45 (5 minutes), Loop 8 (10 minutes), Bush Airport (15 minutes), and downtown Houston (15 minutes).
