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    5610 Woodway Dr Houston, TX 77056

    Sponsored
    For Sale
    $1,448,900

    Prime Houston location, 2-unit building

    Property size:
    4,446 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional Class A, two-unit apartment building presents a unique investment opportunity in Houston's prestigious Tanglewood neighborhood (77056 zip code). Situated on a spacious 13,330 square foot lot (.306 acres), this 4,446 square foot property offers significant potential. Built in 1968, the two-story building features a versatile layout, currently configured as a main residence with a separate, two-story in-law suite/apartment, complete with a loft and a fifth bathroom. This configuration allows for owner-user occupancy and rental income generation. The main residence boasts a spacious master suite with dual bathrooms and walk-in closets, an open-concept kitchen with ample storage and white Corian countertops, and a private courtyard with potential for a pool. The property's location provides easy access to shopping, dining, entertainment, major highways, hotels, and business centers. The permitted zoning is residential. This property is ideal for an investor seeking a high-value asset in a desirable location with potential for renovation, expansion, or continued operation as a multi-family dwelling. The asking price is $1,448,900.

    Property Features for 5610 Woodway Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,446 SF
    Class
    A

    Building Details

    Year Built
    1968
    Stories
    2
    Units
    2

    HighLights

    • High‑traffic corner location with excellent visibility.
    • Recently renovated interior with modern finishes.
    • Ample on‑site parking available for tenants and customers.
    • Flexible floor plan adaptable to various business needs.
    • Strong tenant base with long‑term leases.
    • Located in a thriving commercial district with high foot traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.47593117
    Latitude
    29.76438322

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    FAQs

    What type of property is this?
    Multifamily property - Prime Houston location, 2-unit building
    Where is this multifamily property located?
    The property is located at 5610 Woodway Dr Houston, TX.
    What is the asking price?
    The asking price for this property is $1,448,900.
    What are key features of this property?
    This property features: High-traffic corner location with excellent visibility.; Recently renovated interior with modern finishes.; Ample on-site parking available for tenants and customers.
    Request Owner's contact information
    5610 Woodway Dr Houston, TX 77056
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5610 Woodway Dr Houston, TX 77056
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