2306 Mccue Rd, Unit 58 Houston, TX 77056-4630
Property Lookup
Property profile & analytics
2306 Mccue Rd, Unit 58 Houston, TX 77056-4630
- Garden apartment buildings
- 2,624 SF
- 1.82 lot acres
Property ID
US82-1698984
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Marquee Uptown / Apartment Complex
- Blue ChipAir Clean / HVAC Service
- Kenmor Electric Co LP / Electrical Service / General Contractor
- HOUSTON BRASS POLISHING / Home Decor Store / Furniture & Home Goods
Property Details for 2306 Mccue Rd
- Year built
- 1966
- Construction
- BRICK
- Lot size
- 1.82 lot acres
- Property size
- 2,624 SF
- Property type
- Garden apartment buildings
- APN
- 451400060143
- APU
- 451400060143
Description
This exceptional 58-unit multifamily property, known as Marquee Uptown Apartments, presents a compelling redevelopment opportunity. Located at 2306 McCue Road in Houston, Texas, this Class A asset boasts 59,668 square feet on a 1.82-acre lot. Built in 1966 and renovated in 2007, the two-story building features covered parking and a saltwater pool. Currently operating at 89% occupancy, the property generates a Net Operating Income (NOI) of $527,263, representing a 2.85% cap rate and a price per unit of $318,965.52. The asking price is $18,500,000, translating to $310.05 per square foot and $233.30 per square foot based on land value. Significant recent improvements include a new copper piping system, a new roof, and sub-metered utilities where tenants reimburse approximately 80% of costs. The property also benefits from full-time landscaping and housekeeping services. Its prime location in the Galleria/Uptown area, a high-income demographic with over 187,000 residents within a 5-mile radius and average household incomes exceeding $94,000, offers significant potential for value enhancement. The property's high expense ratio reflects the owner's commitment to meticulous maintenance, evidenced by the 2016 Cornerstone Award from the Houston Apartment Association for best redevelopment. This property is being marketed as a covered land play.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.4648
- Latitude
- 29.7443
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$194,394
$7,947,100
$1,111,368
$9,058,468
-
$7,947,100
$1,111,368
$9,058,468
