Investment Overview

Marcus and Millichap is pleased to present The Pine Village Apartments, a 25-unit multifamily community located at 9733 Neuens Road in Houston, Texas. Built in 1961, the property is situated in the highly desirable Spring Branch submarket, one of Houston’s most established and consistently sought-after rental corridors. The asset features a diverse unit mix consisting of one studio loft, six one-bedroom units, and eighteen two-bedroom units, appealing to a broad tenant base. The property showcases a variety of interior unit updates that have already achieved rent premiums, while maintaining additional upside through the completion of renovations on the remaining classic units. Currently 100 percent occupied, Pine Village Apartments offers immediate stability and in-place cash flow. With much of the initial renovation work already completed, the property provides a clear value-add opportunity to further increase rents by updating the remaining classic units, with projected rent premiums of $100+ per unit. The community benefits from covered parking, an on-site laundry facility, and a landscaped gazebo and grilling area that enhance tenant retention. Located directly across the street from Spring Woods Middle School and Pine Shadows Elementary School, the property enjoys consistent renter demand driven by its proximity to schools and its position within one of Houston’s most desirable neighborhoods. With strong occupancy, proven rental upside, and a straightforward renovation strategy, Pine Village Apartments represents a compelling opportunity for investors seeking a stable, cash-flowing asset with meaningful value-add potential in a premier submarket.