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    OFF-MARKET
    High-rise multifamily apartments

    1953 Richmond Ave, Houston, TX 77098

    2,327 SF 0.12 ac lot
    Property ID
    US82-2680289
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type High-rise multifamily apartments
    Total area 2,327 SF
    Lot 0.12 ac (5,401 SF)
    UPID US82-2680289
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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