Houston TX Multi Family for Sale
$1,800,000
511 Gulf Bank Road Unit 5 Houston, TX 77037
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 3
- Year built:
- 1960
- Baths:
- 2.00
- MLS#:
- 56432460
- Subdivision:
- Hill W L
View additional info
Courtesy: Fathom Realty
888-455-6040
ADDITIONAL INFORMATION
This commercial property at 511 Gulf Bank offers a fantastic opportunity for investors looking to capitalize on a current cash flow and the potential for future expansion. Situated on over 4.5 acres, this prime location is ideal for constructing a commercial building. With a price tag of $1,800,000, this multi-family property boasts multiple detached dwellings and spans across 5,800 square feet. Built in 1960, the property also offers ample space with its expansive lot size of 196,590 square feet. Don't miss out on this remarkable chance to own a profitable commercial property in a sought-after area.
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Houston Real Estate
The median home value in Houston, TX is $182,500. This is lower than the county median home value of $190,000. The national median home value is $219,700. The average price of homes sold in Houston, TX is $182,500. Approximately 38.47% of Houston homes are owned, compared to 50.48% rented, while 11.05% are vacant. Houston real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Houston real estate agent to arrange a tour today!
Houston, Texas 77037 has a population of 2,267,336. Houston 77037 is less family-centric than the surrounding county with 30.75% of the households containing married families with children. The county average for households married with children is 35.57%.
The median household income in Houston, Texas 77037 is $49,399. The median household income for the surrounding county is $57,791 compared to the national median of $57,652. The median age of people living in Houston 77037 is 32.9 years.
Houston Weather
The average high temperature in July is 93.3 degrees, with an average low temperature in January of 43.5 degrees. The average rainfall is approximately 52 inches per year, with 0 inches of snow per year.