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Victoria Park Apartments 8600 S Course Dr 395 Unit Apartment Building For Sale Houston, TX 77099
Investment Highlights
- Value Add Opportunity Post Improvements/Upgrades and the 6 New Units brought online.
- $1.5M+ in capital improvements were completed since January 2023
- Most units have washer and dryer connections with the tenant being responsible for the washer and dryer appliance.
- Located near Major Employment Centers such as the Westchase Dist. and is short commute of the ever expanding borders of Houston's New Chinatown
- Located in a Strong Rental Market in one of Houston's most populated areas with a strong Asian and Hispanic influence.
- The property has limited access gates, a clubhouse with a kitchen, a stand-alone leasing office, sitting and picnic areas, a dog park, and playground
Executive Summary
1) Victoria Park Apartments is offered on an "All Cash" basis, with the buyer responsible for securing new financing. The property currently features 389 units, but this
number will rise to 395 units as the owner is in the process of converting a racquetball building into an apartment building, adding six new units. This conversion is expected to be completed before the property is sold. Potential new owners should see a rent premium for these units. Of the 389 units, 352 have washer and dryer connections, with tenants responsible for providing their own appliances. Currently, additional income is received by charging tenants for water/sewage, gas, trash, and pest control. Victoria Park features a stand-alone leasing office, complete with a clubhouse and mailroom. The clubhouse, which includes a kitchen, has numerous windows overlooking a playground. The property has a total of 619 parking spaces, with 52 of those covered. Victoria Park operates on an all-electric system, except for hot water, which is
supplied by large gas boilers. There is one 1B/1.5B, 691 SF unit that is used as a model unit.
The property was originally built in 1983 and underwent significant renovations in 2018. In addition, the owner has invested over $1.5 million in capital expenditures from January 2023 to December 2025. Out of the 34 buildings, 12 have had their roofs replaced within the last five years. The property is categorized as a C+ asset located in a C+ area of Houston, consistently maintaining occupancy rates in the 90% range. The occupancy rate included in the sales package considers the six new units as vacant, and the sales documentation is based on a total of 395 units, even though they are not yet completed.
2) Location & Accessibility - Victoria Park is strategically located in southwest Houston, offering excellent accessibility to various parts of the city, including two of Houston's
premier business districts; the Westchase District and the Galleria Uptown District. In addition to these districts, the property provides convenient access to a multitude of
businesses along Beltway 8, I-10, and Highway 59, as well as the many commercial establishments scattered throughout major thoroughfares in the area. This vibrant region is one of the most populous and ethnically diverse in Houston. Key transportation arteries within minutes of the property include Sam Houston Parkway South, which facilitates easier access to surrounding areas, making it a vital route for both local traffic and long-distance travel. Other notable thoroughfares include IH-10, Highway 59, Wilcrest, Beechnut, and Bissonnet, along with various offshoot roads connecting these major routes.
3) Strong Rent Growth - Today's economic climate is favorable for property owners within the rental market. Rising interest rates and the persistent increase in home prices
are rendering homeownership unattainable for many potential buyers, resulting in renters remaining in the market for an extended period. This trend is likely to boost occupancy rates and rental prices.
number will rise to 395 units as the owner is in the process of converting a racquetball building into an apartment building, adding six new units. This conversion is expected to be completed before the property is sold. Potential new owners should see a rent premium for these units. Of the 389 units, 352 have washer and dryer connections, with tenants responsible for providing their own appliances. Currently, additional income is received by charging tenants for water/sewage, gas, trash, and pest control. Victoria Park features a stand-alone leasing office, complete with a clubhouse and mailroom. The clubhouse, which includes a kitchen, has numerous windows overlooking a playground. The property has a total of 619 parking spaces, with 52 of those covered. Victoria Park operates on an all-electric system, except for hot water, which is
supplied by large gas boilers. There is one 1B/1.5B, 691 SF unit that is used as a model unit.
The property was originally built in 1983 and underwent significant renovations in 2018. In addition, the owner has invested over $1.5 million in capital expenditures from January 2023 to December 2025. Out of the 34 buildings, 12 have had their roofs replaced within the last five years. The property is categorized as a C+ asset located in a C+ area of Houston, consistently maintaining occupancy rates in the 90% range. The occupancy rate included in the sales package considers the six new units as vacant, and the sales documentation is based on a total of 395 units, even though they are not yet completed.
2) Location & Accessibility - Victoria Park is strategically located in southwest Houston, offering excellent accessibility to various parts of the city, including two of Houston's
premier business districts; the Westchase District and the Galleria Uptown District. In addition to these districts, the property provides convenient access to a multitude of
businesses along Beltway 8, I-10, and Highway 59, as well as the many commercial establishments scattered throughout major thoroughfares in the area. This vibrant region is one of the most populous and ethnically diverse in Houston. Key transportation arteries within minutes of the property include Sam Houston Parkway South, which facilitates easier access to surrounding areas, making it a vital route for both local traffic and long-distance travel. Other notable thoroughfares include IH-10, Highway 59, Wilcrest, Beechnut, and Bissonnet, along with various offshoot roads connecting these major routes.
3) Strong Rent Growth - Today's economic climate is favorable for property owners within the rental market. Rising interest rates and the persistent increase in home prices
are rendering homeownership unattainable for many potential buyers, resulting in renters remaining in the market for an extended period. This trend is likely to boost occupancy rates and rental prices.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Building Size | 282,897 SF |
| No. Units | 395 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1982/2018 |
| Apartment Style | Garden | Parking Ratio | 2.19/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 11.41 AC |
| Sale Type | Investment |
| No. Units | 395 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 11.41 AC |
| Building Size | 282,897 SF |
| Average Occupancy | 89% |
| No. Stories | 3 |
| Year Built/Renovated | 1982/2018 |
| Parking Ratio | 2.19/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Tub/Shower
- Walk-In Closets
- Carpet
- Built-In Bookshelves
- Framed Mirrors
- Linen Closet
- Loft Layout
- Patio
- Recreation Room
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Grill
- Pet Play Area
- Wi-Fi
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 224 | $1,161 CAD | 456 - 650 |
| 1+1.5 | 107 | $1,232 CAD | 691 - 711 |
| 2+2 | 54 | $1,721 CAD | 860 - 957 |
| 2+2.5 | 10 | $2,167 CAD | 1,176 |
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1152550000001 | Improvements Assessment | $30,880,732 CAD (2025) |
| Land Assessment | $2,235,785 CAD (2025) | Total Assessment | $33,116,517 CAD (2025) |
Property Taxes
Parcel Number
1152550000001
Land Assessment
$2,235,785 CAD (2025)
Improvements Assessment
$30,880,732 CAD (2025)
Total Assessment
$33,116,517 CAD (2025)
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Victoria Park Apartments | 8600 S Course Dr
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