1953 Richmond Ave, Houston, TX 77098
This exceptional Montrose Area property offers a unique opportunity to lease a stunning, 2,327 square-foot mid-century modern duplex. The property features two separate 1,000 square-foot units, ideal for live/work arrangements or separate tenants. Each unit benefits from the building's elegant design and modern amenities. A central courtyard with a tranquil pool separates the units, providing a peaceful and private atmosphere. The building boasts four covered parking spaces with controlled garage access, a significant advantage in this desirable location. The 0.124-acre lot (5,401 square feet) provides ample space and privacy. Currently, the entire 2,327 square feet is vacant, presenting a blank canvas for a discerning tenant to customize and create their ideal workspace and/or living environment. This is a rare opportunity to secure a truly unique and architecturally significant property in the highly sought-after Montrose Area submarket. The property is classified as Special Purpose, with a Multi-Family and Office subtype. The building's distinctive mid-century modern style makes it a standout in the neighborhood. This property is perfect for a business seeking a unique and stylish location, or an individual looking for a combined live-work space with exceptional character.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.