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6840 Fairway Dr
Houston, TX 77087
Amblegrove Apartments · Multifamily Property For Sale · 16 Units

Property Facts

Price Per Unit $160,967 CAD
Sale Type Investment
Sale Condition Business Value Included
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.36 AC
Building Size 27,710 SF
No. Stories 2
Year Built/Renovated 1960/2026
Parking Ratio 1/1,000 SF
Zoning N/Ap, Houston

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Oven
  • Range

About 6840 FAIRWAY DR , HOUSTON, TX 77087

Amblegrove Apartments is a fully renovated 16-unit multifamily community located in the Golfcrest submarket of Southeast Houston. The property offers investors the opportunity to acquire a repositioned asset with strong lease-up potential, attractive projected cash flow, and immediate access to several of Houston’s largest employment and economic drivers. The property consists primarily of spacious two-bedroom units and has undergone extensive renovations, positioning it competitively within the surrounding rental market. Strategically located near I-45, Loop 610, the University of Houston, the Texas Medical Center, Hobby Airport, and the Port of Houston, the property benefits from exceptional connectivity to major employment hubs, retail corridors, and educational institutions. Houston’s continued population growth, affordability advantages, and expanding logistics, healthcare, and energy sectors continue to support multifamily demand throughout the area. In addition to the standalone acquisition opportunity, investors have the ability to acquire the adjacent Lancia Apartments, a recently renovated 22-unit multifamily property, creating a larger multifamily portfolio with increased scale, operational efficiencies, and expanded rental income potential. Amblegrove Apartments presents a compelling opportunity for investors seeking a renovated small multifamily asset with projected stabilized income, strong renter demographics, and long-term appreciation potential in one of Houston’s highly accessible infill submarkets.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 - 750
2+1 8 - 1,000

Property Taxes

Property Taxes

Parcel Number
0590590000001
Land Assessment
$86,836 CAD
Improvements Assessment
$1,316,556 CAD
Total Assessment
$1,403,393 CAD
  • Listing ID: 40756287

  • Date on Market: 2026-06-02

  • Last Updated:

  • Address: 6840 Fairway Dr, Houston, TX 77087

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