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8330 Carvel Apartments 8330 Carvel Ln 76 Unit Apartment Building For Sale Houston, TX 77036
INVESTMENT HIGHLIGHTS
- Prime location near schools and transit, paired with a favorable unit mix, attracts stable, long-term family tenants.
- Recent capital improvements: new roofing, double-pane windows, and renovated interiors, position the asset for immediate cash flow with upside
- Strong historical occupancy without marketing/advertising underscores the property's appeal and stability
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present The Carvel Apartments, a 76-unit multifamily community located at 8330 Carvel in Houston, Texas — a well-positioned
submarket benefiting from strong rental demand and proximity to major Houston employment centers.
The property offers a diverse mix of unit types, including 20 one-bedroom units, 44 two-bedroom units (16 with one bath and 28 with one-and-a-half baths), and 12
three-bedroom units, catering to a broad tenant base including families and long-term renters. Over the past eight years, the complex has undergone extensive
renovations, including updated interiors, new double-pane windows, and recent roof replacements, most notably on Building 4.
Currently 98 percent occupied, the asset delivers immediate cash flow with additional upside through operational efficiencies and rent growth, as current rents remain
below market despite the upgrades.
Situated just three minutes from Bellaire Street and Highway 59, and directly adjacent to multiple schools and prominent religious centers, The Carvel Apartments
benefits from consistent renter demand driven by walkable access to community anchors and daily conveniences — making it an ideal choice for stable, long-term
tenants.
Leveraging its completed capital improvements and direct access to a reliable tenant base, this investment offers a low-risk, cash-flowing asset with significant upside
potential through targeted rent increases and enhanced marketing efforts.
submarket benefiting from strong rental demand and proximity to major Houston employment centers.
The property offers a diverse mix of unit types, including 20 one-bedroom units, 44 two-bedroom units (16 with one bath and 28 with one-and-a-half baths), and 12
three-bedroom units, catering to a broad tenant base including families and long-term renters. Over the past eight years, the complex has undergone extensive
renovations, including updated interiors, new double-pane windows, and recent roof replacements, most notably on Building 4.
Currently 98 percent occupied, the asset delivers immediate cash flow with additional upside through operational efficiencies and rent growth, as current rents remain
below market despite the upgrades.
Situated just three minutes from Bellaire Street and Highway 59, and directly adjacent to multiple schools and prominent religious centers, The Carvel Apartments
benefits from consistent renter demand driven by walkable access to community anchors and daily conveniences — making it an ideal choice for stable, long-term
tenants.
Leveraging its completed capital improvements and direct access to a reliable tenant base, this investment offers a low-risk, cash-flowing asset with significant upside
potential through targeted rent increases and enhanced marketing efforts.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 2.27 AC |
| No. Units | 76 | Building Size | 71,620 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1971/2024 |
| Building Class | C | Parking Ratio | 1.54/1,000 SF |
| Zoning | N/Ap, Houston - no zoning | ||
| Sale Type | Investment |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.27 AC |
| Building Size | 71,620 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2024 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | N/Ap, Houston - no zoning |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Tile Floors
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Playground
- Pool
- Property Manager on Site
- Gated
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 725 |
| 2+1 | 16 | - | 955 |
| 2+1.5 | 28 | - | 980 |
| 3+2 | 12 | - | 1,200 |
PROPERTY TAXES
| Parcel Number | 0933340000003 | Improvements Assessment | $7,166,065 CAD |
| Land Assessment | $624,323 CAD | Total Assessment | $7,790,388 CAD |
PROPERTY TAXES
Parcel Number
0933340000003
Land Assessment
$624,323 CAD
Improvements Assessment
$7,166,065 CAD
Total Assessment
$7,790,388 CAD
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8330 Carvel Apartments | 8330 Carvel Ln
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