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Turn Key Stabilized Multifamily Asset 5408 Market St 32 Unit Apartment Building $3,982,328 CAD ($124,448 CAD/Unit) Houston, TX 77020



Investment Highlights
- Immediate Returns
- Supply-Constrained Market
- Assumable Financing Advantage
Executive Summary
Located in Houston's rapidly transforming Greater Fifth Ward / East End submarket, Wheatley Court Apartments offers investors a rare opportunity to acquire a fully stabilized, 100% occupied, cash-flowing asset. Fresh off a documented $500,000 capital improvement program completed in 2024, this 32-unit multifamily complex delivers immediate operational stability with credible, realistic upside — not speculative promises.
Property Facts
| Price | $3,982,328 CAD | Building Class | C |
| Price Per Unit | $124,448 CAD | Lot Size | 0.52 AC |
| Sale Type | Investment | Building Size | 34,896 SF |
| No. Units | 32 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1955 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $3,982,328 CAD |
| Price Per Unit | $124,448 CAD |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 34,896 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 32 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0631680010001 | Improvements Assessment | $1,774,371 CAD |
| Land Assessment | $787,998 CAD | Total Assessment | $2,562,369 CAD |
Property Taxes
Parcel Number
0631680010001
Land Assessment
$787,998 CAD
Improvements Assessment
$1,774,371 CAD
Total Assessment
$2,562,369 CAD
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Turn Key Stabilized Multifamily Asset | 5408 Market St
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