Investment Overview

3629 N. MacGregor Way is a 1950s-era, 84-unit low-rise apartment complex known as Riviere on MacGregor, situated on approximately 3.36 acres with strong visibility along both N. MacGregor Way and Southmore Boulevard. The site currently has primary access from N. MacGregor Way, with potential for additional ingress from Southmore under a new development plan. Roughly one-quarter of the property lies within the 500-year floodplain, which could be mitigated through fill and drainage improvements if redeveloped. The property is fully served by City of Houston utilities, and any redevelopment will need to comply with City and Harris County Flood Control detention and stormwater requirements. Strategically located in Houston’s MacGregor corridor, the property sits minutes from the Texas Medical Center, University of Houston, Texas Southern University, and Downtown Houston, offering excellent regional connectivity via Highway 288, Interstate-45, and Loop 610. Moreover, its central location, dual street frontage, and redevelopment potential make it well-positioned for multifamily, mixed-use, or student housing concepts in one of Houston’s most active urban growth areas.