15 Unit Communal Housing Property in Midtown
$895,000
3815 Fannin Street, Houston, TX 77004
For Sale
Multifamily
Active
Last Updated: 02/17/2026
8.89
Cap Rate
100
Occupancy
Details:
Cap Rate: 8.89%
Occupancy: 100%
Floors: 2
Year Last Renovated: 2018
Highlights:
- 3,699 SF Communal Housing (15 Units) / 5,000 SF Lot
- Prime Midtown Location
- 100% Occupancy with Low Turnover
- Upside in Rents
- Major Recent Bldg Renovations: New Roof, New Hardy Plank, New Flooring in Common Areas, New Windows
- Annual NOI: $79,550
Description:
Prime investment opportunity in the heart of Midtown Houston. 3815 Fannin St. is a 3,699 SF communal housing property situated on a 5,000 SF lot, offering 15 fully leased units with 100% occupancy and consistently low turnover. The property has undergone significant recent capital improvements, including a new roof, Hardy Plank siding, new windows, and updated flooring in common areas—providing a strong foundation for continued performance. With an annual NOI of $79,550 and clear upside in rents, this asset presents a stabilized income stream in one of Houston’s most desirable urban submarkets.
Documents:
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3815_Fannin_v3.pdf
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Location
Gallery
