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Multifamily

Lake Houston Pines

5830 S Lake Houston Pkwy, Houston, TX 77049

Listing Price: Request For Offer

Number of Units
255
Gross SF
223,467

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Lake Houston Pines, a 255-unit multifamily community in Houston, Texas. Built in 1972, the property is conveniently located in northeast Houston, just off Highway 90, with easy access to Herman Brown Park, fine dining, great shopping, and entertainment spots nearby. The community is surrounded by some of Greater Houston's most notable employers, including Chevron, ExxonMobil, DOW Chemical, and the Port of Houston, and is less than five miles from the Interstate 10/Interstate 610 interchange, providing ideal connectivity to Houston's Energy Corridor, Uptown, the Texas Medical Center, CityCentre, and Downtown. San Jacinto College North Campus, with nearly 12,000 enrolled students, is less than one mile west of the property.

Investment Highlights

  • 255-unit multifamily community located in northeast Houston
  • Easy accessibility to I-10/I-610/Beltway 8 Interchange provides connectivity to some of Houston's largest employment centers and most popular shopping an dining
  • Host of Community amenities including a pool, outdoor barbecue area, laundry facility, playground, fitness center, business center, and pet friendly park
  • 95% leased delivering significant in-place cash flow with unique organic rent growth of +7% to boost near-term returns

Exclusively Listed By

Financing By

Multifamily

Lake Houston Pines

Listing Price: Request For Offer

Number of Units
255
Gross SF
223,467

Investment Highlights

  • 255-unit multifamily community located in northeast Houston
  • Easy accessibility to I-10/I-610/Beltway 8 Interchange provides connectivity to some of Houston's largest employment centers and most popular shopping an dining
  • Host of Community amenities including a pool, outdoor barbecue area, laundry facility, playground, fitness center, business center, and pet friendly park
  • 95% leased delivering significant in-place cash flow with unique organic rent growth of +7% to boost near-term returns

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Lake Houston Pines, a 255-unit multifamily community in Houston, Texas. Built in 1972, the property is conveniently located in northeast Houston, just off Highway 90, with easy access to Herman Brown Park, fine dining, great shopping, and entertainment spots nearby. The community is surrounded by some of Greater Houston's most notable employers, including Chevron, ExxonMobil, DOW Chemical, and the Port of Houston, and is less than five miles from the Interstate 10/Interstate 610 interchange, providing ideal connectivity to Houston's Energy Corridor, Uptown, the Texas Medical Center, CityCentre, and Downtown. San Jacinto College North Campus, with nearly 12,000 enrolled students, is less than one mile west of the property.

Exclusively Listed By

Financing By

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