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Investment Highlights
- 3.9-acre site includes 8 SFRs and additional storage buildings currently operating as a short-term rental business (https://www.medcenterhome.com/).
- Three additional SFRs are located within one mile.
- Unique opportunity for continued rental operations or land redevelopment.
- Located next to the Rice University Data Center and near the Texas Medical Center.
- Three residential Lots for development are next to Loop 610 & SH-288.
- This is a rare opportunity to acquire significant acreage and income-producing assets next to the Inner Loop.
Executive Summary
Investment property portfolio sale near NRG Stadium and the Texas Medical Center. This collection, offered by a long-term owner, consists of single-family residences (SFRs) and residential lots.
The portfolio is divided into three portions:
1. MedCenterHome.com Portfolio ($4,303,750). This 3.9-acre site includes 8 SFRs and additional storage buildings currently operating as a short-term rental business. It is located next to Rice University's 'Library Service Center' (LSC), an off-campus, specialized high-density storage facility housing the university's Data Center. Its proximity to the Texas Medical Center presents a unique opportunity for continued rental operations or land redevelopment.
APN:069-007-000-0067 consists of addresses:
-11620 Old Main St (3,300sf Storage Building/Warehouse Shop with an unfinished upstairs apartment) + 2,000sf additional warehouse shop with a car lift
-11616 Old Main St Loop Rd (SFR Rental)
-11608 Old Main St Loop Rd (SFR Rental)
-4119 Rose Way (SFR Rental)
-4123 Rose Way (SFR Rental)
-11516 Craighead Dr, Houston, TX 77025 (SFR Rental, APN: 069-007-000-0006)
-11503 Craighead Dr, Houston, TX 77025 (Currently Owner's Primary Residence-APN: 069-007-000-0071)
-11520 Craighead Dr, Houston, TX 77025 (Tear Down Condition SFR-APN: 069-007-000-0005)
2. Adjacent Rental Portfolio ($1,100,000)This group includes 3 SFRs located in the adjacent neighborhood closer to Loop 610.
-9813 Woodwind Dr, Houston, TX 77025 (APN: 077-174-033-0721)
-9806 Woodwind Dr, Houston, TX 77025 (APN: 077-174-031-0696)
-4065 Osby Dr, Houston, TX 77025 (APN: 077-174-033-0722)
3. Residential Development Lots ($350,000). This includes 3 residential lots totaling 0.77 acres, situated next to Loop 610 and SH-288. (APNs: 056-215-000-0001, 072-035-006-0009, 072-035-006-0011)
The total asking price for the entire portfolio is $5,753,750. This is a rare opportunity to acquire significant acreage and income-producing assets within the Inner Loop.
Location:
Interstate 610 (Loop 610 & the "Inner Loop") is one of three orbital freeways circling Houston's central business district. The southern side of the Inner Loop is near NRG Stadium & the Texas Medical Center. NRG Stadium hosts a wide variety of events including professional sports, concerts, & the Houston Rodeo. The Texas Medical Center is the world's largest medical complex, featuring 54 member institutions, 21 hospitals, and over 120,000 employees on a 1,345-acre campus. It hosts 10 million patient encounters annually, including top-ranked institutions like M.D. Anderson Cancer Center, Texas Children's Hospital, and Memorial Hermann.
The portfolio is divided into three portions:
1. MedCenterHome.com Portfolio ($4,303,750). This 3.9-acre site includes 8 SFRs and additional storage buildings currently operating as a short-term rental business. It is located next to Rice University's 'Library Service Center' (LSC), an off-campus, specialized high-density storage facility housing the university's Data Center. Its proximity to the Texas Medical Center presents a unique opportunity for continued rental operations or land redevelopment.
APN:069-007-000-0067 consists of addresses:
-11620 Old Main St (3,300sf Storage Building/Warehouse Shop with an unfinished upstairs apartment) + 2,000sf additional warehouse shop with a car lift
-11616 Old Main St Loop Rd (SFR Rental)
-11608 Old Main St Loop Rd (SFR Rental)
-4119 Rose Way (SFR Rental)
-4123 Rose Way (SFR Rental)
-11516 Craighead Dr, Houston, TX 77025 (SFR Rental, APN: 069-007-000-0006)
-11503 Craighead Dr, Houston, TX 77025 (Currently Owner's Primary Residence-APN: 069-007-000-0071)
-11520 Craighead Dr, Houston, TX 77025 (Tear Down Condition SFR-APN: 069-007-000-0005)
2. Adjacent Rental Portfolio ($1,100,000)This group includes 3 SFRs located in the adjacent neighborhood closer to Loop 610.
-9813 Woodwind Dr, Houston, TX 77025 (APN: 077-174-033-0721)
-9806 Woodwind Dr, Houston, TX 77025 (APN: 077-174-031-0696)
-4065 Osby Dr, Houston, TX 77025 (APN: 077-174-033-0722)
3. Residential Development Lots ($350,000). This includes 3 residential lots totaling 0.77 acres, situated next to Loop 610 and SH-288. (APNs: 056-215-000-0001, 072-035-006-0009, 072-035-006-0011)
The total asking price for the entire portfolio is $5,753,750. This is a rare opportunity to acquire significant acreage and income-producing assets within the Inner Loop.
Location:
Interstate 610 (Loop 610 & the "Inner Loop") is one of three orbital freeways circling Houston's central business district. The southern side of the Inner Loop is near NRG Stadium & the Texas Medical Center. NRG Stadium hosts a wide variety of events including professional sports, concerts, & the Houston Rodeo. The Texas Medical Center is the world's largest medical complex, featuring 54 member institutions, 21 hospitals, and over 120,000 employees on a 1,345-acre campus. It hosts 10 million patient encounters annually, including top-ranked institutions like M.D. Anderson Cancer Center, Texas Children's Hospital, and Memorial Hermann.
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $7,826,883 CAD | Number of Properties | 14 |
| Cap Rate | 4.81% | Individually For Sale | 0 |
| Sale Type | Investment | Total Land Area | 2.68 AC |
| Status | Active |
| Price | $7,826,883 CAD |
| Cap Rate | 4.81% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 14 |
| Individually For Sale | 0 |
| Total Land Area | 2.68 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
| 11620 Old Main Street Road loop, Houston, TX 77025 | Land | 2.45 AC | - |
| Bassett St, Houston, TX 77051 | Land | 0.23 AC | - |
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Houston Med Ctr 11 SFR Rentals & 3 Lots
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