1501 Noble St Houston, TX 77009

Property Details for 1501 Noble St

Year built

1935

Property size

2,208 SF

Property type

Residential income homes

Description

This exceptional five-unit multifamily investment opportunity in Houston, Texas, presents a compelling proposition for discerning investors. Located at 1501 Noble St, in Harris County, zip code 77009, this portfolio comprises three buildings totaling 2,208 square feet on a 5,001 square foot lot. Built in 1935, the property offers breathtaking downtown skyline views and is situated directly across from schools, providing a desirable location for tenants. The asking price is $650,000, translating to $130,000 per unit and a compelling $294.38 per square foot. The property boasts a 5.40% cap rate, indicating strong potential for return on investment. Its prime location offers easy access to major freeways, the University of Houston, Downtown Houston, and the Galleria, ensuring high occupancy rates and strong rental demand. This historic property presents a rare opportunity to acquire a well-positioned multifamily investment in a rapidly developing area, offering significant potential for future appreciation and growth. All offers are welcome.