Investment Overview

Marcus & Millichap is pleased to present The Carvel Apartments, a 76-unit multifamily community located at 8330 Carvel in Houston, Texas — a well-positioned submarket benefiting from strong rental demand and proximity to major Houston employment centers. The property offers a diverse mix of unit types, including 20 one-bedroom units, 44 two-bedroom units (16 with one bath and 28 with one-and-a-half baths), and 12 three-bedroom units, catering to a broad tenant base including families and long-term renters. Over the past eight years, the complex has undergone extensive renovations, including updated interiors, new double-pane windows, and recent roof replacements, most notably on Building 4. Currently 98% occupied, the asset delivers immediate cash flow with additional upside through operational efficiencies and rent growth, as current rents remain below market despite the upgrades. Situated just three minutes from Bellaire Street and Highway 59, and directly adjacent to multiple schools and prominent religious centers, The Carvel Apartments benefits from consistent renter demand driven by walkable access to community anchors and daily conveniences — making it an ideal choice for stable, long-term tenants. Leveraging its completed capital improvements and direct access to a reliable tenant base, this investment offers a low-risk, cash-flowing asset with significant upside potential through targeted rent increases and enhanced marketing efforts.