Longstreet Apartments

Highlights:

• Positioned just off I-45 and US-75 in Willis, Texas, offering immediate access to two of the region's most-traveled north-south corridors and straightforward connectivity to the Greater Houston metropolitan area.
• Fully occupied 16-unit community consisting entirely of one-bed/one-bath units averaging 625 SF, providing an investor with stable, day-one cash flow and a simple, manageable unit mix.
• Additional income growth opportunity through implementation of a RUBS program for water, enabling the property to recover a meaningful utility expense currently absorbed at the ownership level.
• Located in Montgomery County, one of the fastest-growing counties in the United States with Willis benefiting from sustained population growth, a below-average cost of living, and expanding employment demand anchored by the Greater Houston economy.

Description:

Ri Marketplace Online Auction May 18th-20th, 2026
Register to bid on Marketplace:


Marcus & Millichap in conjunction with Real Insight Marketplace is pleased to offer for sale a 16-unit multifamily asset located at 214 Longstreet Rd in Willis, Texas. Situated just off I-45 and US-75, the property offers residents immediate access to two of the region's most critical north-south arterials and convenient connectivity to the Greater Houston metro. Built in 1983, the community consists entirely of one-bed/one-bath units averaging 625 SF and is currently 100% occupied, delivering stable, day-one cash flow to a new owner.

New ownership has multiple paths to grow income and add value. The previous ownership initiated the installation of new stainless steel appliances, which can be continued on a turn-by-turn basis to capture market-rate rent increases. Implementing a RUBS program for water utilities represents an additional opportunity to recover a material operating expense and improve net operating income without additional CapEx spend.

Willis sits within Montgomery County, one of the fastest-growing counties in the United States, with the city's population having grown over 18% since the 2020 census. The submarket benefits from a below-average cost of living, strong household formation, and proximity to the Greater Houston employment base — all factors that continue to drive sustained rental demand. At the metro level, Houston's multifamily fundamentals are improving, with new supply projected to reach its lowest level since 2013, vacancy expected to decline, and rent growth anticipated to rebound in 2026. Overall, this asset offers investors an attractive opportunity to acquire a fully stabilized, operationally simple community with meaningful upside in one of Texas's most consistently growing suburban corridors.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: