Houston Multifamily Investment
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9733 Neuens Rd, Houston, TX 77080
25-unit apartment community in desirable Spring Branch submarket.
Property SizeContact for details
Days on Market160
Property Features for 9733 Neuens Rd
General Information
Standard status
Active
Class
C
Property subtype
Multifamily
Building Details
Year Built
1961
Buildings
2
Stories
2
Units
25
Listing Agency:
Marcus & Millichap - Houston
Listed By:
Andrew Nash · License #TX 815711
Source:
Crexi
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 8 at 6:38AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
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Business Placement
Demographics for 77080, TX
45,428
Population
17,394
Households
2.6
Avg Household Size
33
Median Age
27%
College-Educated
68%
High-School Grad
6.4 sq mi
ZIP Area
7,098
Density / Sq Mi
$63,056
Median Household Income
$33,658
Median Earnings
$1,253
Median Rent
$311,600
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 - 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.
