Investment Overview

Marcus & Millichap is pleased to offer the Commonwealth Street Portfolio, a rare collection of five contiguous parcels totaling approximately 0.56 acres in Houston’s vibrant Montrose district. The portfolio includes three income-producing commercial buildings and one undeveloped lot, presenting a flexible opportunity for owner-users, investors, or developers looking to pursue value-add improvements, a covered land play, or full redevelopment. The Commonwealth Street Portfolio sits between Welch Street and Indiana Street, surrounded by a mix of upscale homes, boutique businesses, and walkable amenities. Its central location offers easy access to major job hubs such as Downtown, the Texas Medical Center, and the Ion Innovation District, as well as nearby cultural attractions including the Museum District, Hermann Park, and top-rated retail and dining. The property is currently leased to a diverse group of tenants, providing steady cash flow to help cover holding costs while future development plans are considered. Two tenants have invested over $100,000 in upgrades, showing strong commitment and long-term interest. With a mix of month-to-month and short-term leases, the portfolio offers flexibility and minimal obstacles for a future transition to higher-value use. This site is located in a part of Montrose that’s seeing strong demand for luxury townhomes, driven by rising home values, limited space for new builds, and favorable land features like flat terrain and connected parcels. This portfolio offers a great covered land opportunity by generating income from day one while keeping the options open for future redevelopment into high-end or mixed use residential. Whether used for development or held long-term, the Commonwealth Street Portfolio gives investors a rare mix of location, flexibility, and exit options in one of Houston’s most sought-after neighborhoods.