Richmond TX Multi Family for Sale
$110,000
905 Ferry Street Richmond, TX 77469
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 1
- Year built:
- 1960
- Baths:
- 1.00
- MLS#:
- 89089689
- Subdivision:
- Dechaums Add
View additional info
Courtesy: The Virtual Realty Group
512-663-3202
ADDITIONAL INFORMATION
Investment Opportunity in Richmond, TX. The "10th Street Project," a highway construction along the property, is set to begin in the third quarter of 2025. Located in the growing Fort Bend ISD, this area offers strong investment potential for buy-and-hold or rental portfolios. Two 2-bedroom, 1-bath rental homes on a 9,583 SF lot (0.22 acres), currently occupied with month-to-month leases. Home #1 is 1,009 SF with 2 bedrooms and 1 bathroom, and Home #2 is 792 SF with 2 bedrooms and 1 bathroom. Rental income is $625 for each home per month. Total of $1250 per month.
$750,000
907 Morton Street Richmond, TX 77469
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Year built:
- 1938
- Baths:
- 2.00
- MLS#:
- 70418016
- Subdivision:
- Richmond
View additional info
Courtesy: Bayou City Living
281-310-5566
ADDITIONAL INFORMATION
Make an Offer!! Situated in Old Town Richmond, this unique property, previously an office space and event venue with two outdoor tents. Property to be sold AS-IS. While currently zoned as commercial, it does have a residential history. The main building spans two stories with 10-11 individual rooms, and the second building is divided into two units. The pool house features a full kitchen, bathroom, and a room. Note that the pool requires restoration. Property hasn't been utilized in a couple of years and will need to be remodeled. Turn this into a bed and breakfast, small multifamily property, exquisite residential homestead, or continue as a business office (rent out individual rooms), as well as use the space for events (indoors and outdoors). This property is a canvas of possibilities, blending history with potential in the heart of Old Town Richmond. For any business plans, city approval is necessary.
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Richmond Real Estate
The median home value in Richmond, TX is $313,750. This is lower than the county median home value of $357,400. The national median home value is $338,100. The average price of homes sold in Richmond, TX is $313,750. Approximately 54.18% of Richmond homes are owned, compared to 36.64% rented, while 9.18% are vacant. Richmond 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 Richmond real estate agent to arrange a tour today!
Richmond, Texas has a population of 11,768. Richmond is less family-centric than the surrounding county with 17.21% of the households containing married families with children. The county average for households married with children is 44.56%.
The median household income in Richmond, Texas is $52,589. The median household income for the surrounding county is $102,590 compared to the national median of $69,021. The median age of people living in Richmond is 33.7 years.
Richmond Weather
The average high temperature in July is 93.9 degrees, with an average low temperature in January of 42.6 degrees. The average rainfall is approximately 48.9 inches per year, with 0 inches of snow per year.