1403 Maryland StHouston, TX 77006

This exceptional investment opportunity presents a three-unit multifamily property located at 1403 Maryland Street in Houston, Texas's desirable Montrose neighborhood, within the charming Hyde Park subdivision. The property, built in 1938 and boasting 3,110 square feet, sits on a lot that could be combined with the adjacent 1405 Maryland Street for a total of 10,000 square feet. Currently operating at 100% occupancy, this asset offers a compelling return with staggered lease expirations and a history of low vacancy (less than 2 months over 10 years) and high tenant renewal rates (exceeding 90%). The property has undergone significant renovations in 2015, 2023, and 2024, reflecting the owner's commitment to meticulous maintenance and premium finishes. Upgrades include retrofits, upgraded fixtures, and pristine landscaping. The owner has actively managed operating expenses, including annual tax protests, resulting in cost savings passed on to tenants. This property is well-positioned to benefit from future rent growth and is offered at $1,100,000 ($366,667 per unit and $353.70 per square foot). The City of Houston is scheduled to repave Maryland Street and install a new water main in 2024 and 2025, further enhancing the property's value. Serious inquiries only.