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1919 Portsmouth St
Houston, TX 77098
1919 Portsmouth · Multifamily Property For Sale
·
30 Units
Executive Summary
This is an exceptional opportunity to acquire two neighboring boutique multifamily assets—1903 (utilities included) and 1919 Portsmouth—in Houston’s sought-after Montrose neighborhood.
These well-located assets are minutes from Downtown, Midtown, the Texas Medical Center, Museum District, and Upper Kirby, offering amazing connectivity. The median household income is $106,000 within 1 mile! Hard corner location with access + parking on Portsmouth, Hazard & Norfolk.
Great Unit Mix with majority of units spacious 2-bedrooms, averaging ~ 920 SF. Rents are below renovated peers. There is strong upside through operational efficiencies including green energy upgrades such as water saving devices and contract service optimization plus moderate interior and exterior improvements. At today’s basis, the deal is projected to deliver favorable cash on cash returns.
These well-located assets are minutes from Downtown, Midtown, the Texas Medical Center, Museum District, and Upper Kirby, offering amazing connectivity. The median household income is $106,000 within 1 mile! Hard corner location with access + parking on Portsmouth, Hazard & Norfolk.
Great Unit Mix with majority of units spacious 2-bedrooms, averaging ~ 920 SF. Rents are below renovated peers. There is strong upside through operational efficiencies including green energy upgrades such as water saving devices and contract service optimization plus moderate interior and exterior improvements. At today’s basis, the deal is projected to deliver favorable cash on cash returns.
Property Facts
| Sale Type | Investment | Building Class | C |
| Sale Condition | Bulk/Portfolio Sale | Lot Size | 0.69 AC |
| No. Units | 30 | Building Size | 30,904 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1965/2016 |
| Apartment Style | Low-Rise |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 30,904 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2016 |
Amenities
Unit Amenities
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Oven
- Range
- Walk-In Closets
Site Amenities
- Controlled Access
- Courtyard
- Laundry Facilities
- Pool
- Gated
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 19 | - | 724 - 954 |
| 2+1 | 5 | - | 999 |
| 2+2.5 | 6 | - | 1,156 |
Property Taxes
| Parcel Number | 0571230000011 | Improvements Assessment | $1,643,598 CAD |
| Land Assessment | $3,131,325 CAD | Total Assessment | $4,774,923 CAD |
Property Taxes
Parcel Number
0571230000011
Land Assessment
$3,131,325 CAD
Improvements Assessment
$1,643,598 CAD
Total Assessment
$4,774,923 CAD
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