Houston Multifamily Investment
9733 Neuens Rd, Houston, TX 77080
25-unit apartment community in desirable Spring Branch submarket.
Type:Multifamily
- Added:
- Mar 5, 2026
- Days on Market:
- 89
- Last Refresh:
- Mar 16 at 2:49 pm
Property Features for 9733 Neuens Rd
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1961
Listing agent Andrew Nash License #TX 815711
Listing office Marcus & Millichap - Houston
Listing date Mar 5, 2026
Source Crexi
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 Marcus & Millichap - Houston
HighLights
- 100% Occupancy: Provides immediate stability and in‑place cash flow.
- Value‑Add Opportunity: Potential to increase rents by $100+ per month by renovating remaining classic units.
- Significant Capital Improvements: $450,000+ invested in upgrades (new windows, electrical panels, resurfaced asphalt, security cameras, etc.) reducing near‑term capex risk.
- Desirable Location: Situated in the highly sought‑after Spring Branch submarket, near schools (Spring Woods Middle School and Pine Shadows Elementary School).
- Flexible Optionality: Includes a roughly 5,000 square foot rear lot on a separate parcel that can be developed, sold, or repurposed.
- Diverse Unit Mix: Features a mix of studio, one‑bedroom, and two‑bedroom units, appealing to a broad tenant base.
Overview
The Pine Village Apartments, located at 9733 Neuens Road in Houston, Texas, is a 25-unit multifamily community built in 1961. Situated in the Spring Branch submarket, the property features a unit mix of one studio loft, six one-bedroom units, and 18 two-bedroom units. Interior unit updates have been completed, achieving rent premiums, with additional upside possible through renovations of the remaining classic units. Over the past 3 years, the property has undergone more than $450,000 in capital improvements, including renovated interiors with new flooring, fixtures, updated plumbing, refreshed cabinets and countertops, blinds, and new appliances. Property-wide improvements include new windows, new electrical panels, resurfaced asphalt along the road frontage, a new storage shed, security cameras, additional covered parking, enhanced exterior lighting, and site enhancements. The property is currently 100% occupied. The property also includes a roughly 5,000 square foot rear lot on a separate parcel that provides flexible optionality. The community benefits from covered parking, an on-site laundry facility, and a landscaped gazebo and grilling area. Located directly across the street from Spring Woods Middle School and Pine Shadows Elementary School, the property benefits from renter demand due to its proximity to schools and location within a desirable neighborhood. The property offers the potential to further increase rents by updating the remaining classic units, with projected rent premiums of $100+ per month.
Property Profile
Location Intelligence
Current Use by Public Records
Pine Village Boutique ...
Apartment Complex
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.5333875
- Latitude
- 29.8062292
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 25-unit apartment community in desirable Spring Branch submarket.
Where is this apartment building located?
The property is located at 9733 Neuens Rd Houston, TX.
What are key features of this property?
This property features: 100% Occupancy: Provides immediate stability and in‑place cash flow.; Value‑Add Opportunity: Potential to increase rents by $100+ per month by renovating remaining classic units.; Significant Capital Improvements: **$450,000+ invested in upgrades** (new windows, electrical panels, resurfaced asphalt, security cameras, etc.) reducing near‑term capex risk.
