Multifamily Apartment Building with
For Sale
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9850 S Kirkwood Rd, Houston, TX 77099
Apartment community with 264 units, including washer and dryer connections in 216 units.
Property Size196,016 SF
Days on Market72
Property Features for 9850 S Kirkwood Rd
General Information
Standard status
Active
Size
196,016 SF
Class
B
Total Parking Spaces
300
Property subtype
Multifamily
Occupancy
95%
Investment Type
Value Add
Building Details
Year Built
1981
Buildings
21
Stories
2
Units
264
Tenancy
Multi
Listed By:
Shayan Hasnain · License #0524701
Source:
Crexi
Added: Jul 1
Changed: Sep 2
Last Checked: Sep 9 at 9:12AM
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 Shayan Hasnain
Investment Insights
Based on property information with market context.
Kirkwood Landing Apartments is a multifamily apartment community in Houston, TX with 264 units. The property’s operating history is described as stabilized, with a strong occupancy profile. The community includes washer and dryer connections in 216 of the 264 units, providing an in-place amenity foundation. A new owner may also consider an interior and exterior renovation program to enhance the property’s competitive positioning.
The asset is located at 9850 S Kirkwood Rd and is described as being near major employment nodes including the Energy Corridor and Westchase District. The surrounding employment base is described as diverse, spanning energy, engineering, professional services, healthcare, retail, hospitality, logistics, transportation, and construction.
According to the provided remarks, current rents are estimated to be approximately $150 per unit below surrounding comparable properties. The remarks also cite an estimated $50 per unit per month in potential ancillary income tied to appliance installation for units with washer and dryer connections already in place.
The asset is located at 9850 S Kirkwood Rd and is described as being near major employment nodes including the Energy Corridor and Westchase District. The surrounding employment base is described as diverse, spanning energy, engineering, professional services, healthcare, retail, hospitality, logistics, transportation, and construction.
According to the provided remarks, current rents are estimated to be approximately $150 per unit below surrounding comparable properties. The remarks also cite an estimated $50 per unit per month in potential ancillary income tied to appliance installation for units with washer and dryer connections already in place.
Key Highlights
- Multifamily apartment community built in 1981 with 264 total units
- Washer and dryer connections available in 216 of the 264 units
- Estimated additional income opportunity of about $50 per unit per month from installing and leasing appliances in the 216 connected units
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
Explore this area
Business Placement
Demographics for 77099, TX
49,849
Population
17,860
Households
2.8
Avg Household Size
34
Median Age
20%
College-Educated
71%
High-School Grad
6.1 sq mi
ZIP Area
8,172
Density / Sq Mi
$48,735
Median Household Income
$29,587
Median Earnings
$1,218
Median Rent
$176,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment community with 264 units, including washer and dryer connections in 216 units.
Where is this apartment building located?
The property is located at 9850 S Kirkwood Rd Houston, TX.
What are key features of this property?
This property features: Multifamily apartment community built in 1981 with 264 total units; Washer and dryer connections available in 216 of the 264 units; Estimated additional income opportunity of about $50 per unit per month from installing and leasing appliances in the 216 connected units
