Multifamily
Spooner Street Apartments
1001 Spooner St, Pasadena, TX 77506
Starting Bid: $400,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to purchase Spooner Street Apartments in Pasadena, Texas.
Built between 1960 and 1978, the six-building property sits on 1.01 acres, and is conveniently located in the heart of Pasadena. Sitting just 20 minutes from downtown Houston, Pasadena is the second-largest city in the Greater Houston metro.
The 20-unit community offers a diverse unit mix with efficiency, one-, two-, and three-bedroom units. Units feature plank and ceramic tile flooring, granite counters, mosaic backsplash, contemporary lighting, ceiling fans, spacious walk-in closets, and balconies or patios.
With over 52 percent of households in this area renting their homes, Spooner Street Apartments provides the opportunity for new ownership to capitalize on the growing demand to maximize investment returns by increasing rents to fair market value, implementing utility reimbursement, and generating additional income opportunities.
Investment Highlights
- Value-Add Potential with Below-Market Rents
- More than $240,000 in Recent Improvements
- Strong Demographics and Population Growth
Exclusively Listed By
Starting Bid: $400,000
Investment Highlights
- Value-Add Potential with Below-Market Rents
- More than $240,000 in Recent Improvements
- Strong Demographics and Population Growth
Investment Overview
Marcus & Millichap is pleased to present the opportunity to purchase Spooner Street Apartments in Pasadena, Texas. Built between 1960 and 1978, the six-building property sits on 1.01 acres, and is conveniently located in the heart of Pasadena. Sitting just 20 minutes from downtown Houston, Pasadena is the second-largest city in the Greater Houston metro. The 20-unit community offers a diverse unit mix with efficiency, one-, two-, and three-bedroom units. Units feature plank and ceramic tile flooring, granite counters, mosaic backsplash, contemporary lighting, ceiling fans, spacious walk-in closets, and balconies or patios. With over 52 percent of households in this area renting their homes, Spooner Street Apartments provides the opportunity for new ownership to capitalize on the growing demand to maximize investment returns by increasing rents to fair market value, implementing utility reimbursement, and generating additional income opportunities.
Exclusively Listed By

