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2524 Gregg St
Houston, TX 77026
Gregg St Apartments · Hospitality Property For Sale
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26 Rooms
Investment Highlights
- Strategic Inner-City Location
- Efficient Boutique-Scale Asset
- Proximity to Major Transportation Corridors
- Stable Budget Hospitality Demand
- Value-Add Potential Through Renovation
Executive Summary
2524 Gregg Street is a 50-unit (49 units plus one manager’s unit) workforce housing asset located in Houston’s East River development submarket. Originally a hospitality property, the asset has been successfully converted into a multifamily offering that caters to both local workforce tenants and extended-stay residents. The property features copper wiring and includes two units equipped with kitchens, supporting flexible leasing options.
Property Facts
| Price Per Room | $114,215 CAD | Building Size | 12,027 SF |
| Sale Type | Investment | No. Rooms | 26 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1960 |
| Building Class | C | Parking Ratio | 2.07/1,000 SF |
| Lot Size | 0.73 AC | Corridor | Exterior |
| Zoning | Mixed Use | ||
| Price Per Room | $114,215 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 12,027 SF |
| No. Rooms | 26 |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 2.07/1,000 SF |
| Corridor | Exterior |
| Zoning | Mixed Use |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 26 | $62.15 CAD | - |
Property Taxes
| Parcel Number | 0270310000008 | Improvements Assessment | $427,813 CAD |
| Land Assessment | $660,904 CAD | Total Assessment | $1,088,717 CAD |
Property Taxes
Parcel Number
0270310000008
Land Assessment
$660,904 CAD
Improvements Assessment
$427,813 CAD
Total Assessment
$1,088,717 CAD
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