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Houston Multifamily Portfolio 5 Multifamily Properties Offered at $434,619,032 CAD in Houston, TX



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Investment Highlights
- Five multifamily properties at 93% to 95% occupancy, offering in-place management teams and 1,562 units priced at $195,260 per unit.
- Properties are in desirable, low-crime neighborhoods with easy access to shopping, dining, and major roadways, ideal for commuting professionals.
- Optimistic appreciation outlook from Houston’s strong job market and population growth, making this attractive to stable investors.
- Each complex boasts updated amenities such as pools, fitness centers, and playgrounds, enhancing resident lifestyle and engagement.
- Features studios up to four-bedroom units with family-friendly amenities and proximity to great schools and employers, appealing to long-term renters.
- Each community showcases contemporary designs and well-maintained interiors, minimizing the need to implement capital improvements.
Executive Summary
Dominate the Houston multifamily landscape by acquiring this collection of updated apartment communities located throughout the metro area. The portfolio comprises 1,562 units, with an asking price of $204,545 per unit.
Casa Del Mar Apartments at 2431 FM 1960 W is situated in the thriving Northwest Houston area, an established community known for its accessibility and family-friendly environment. The 354-unit complex covers 265,726 square feet across 40 two-story buildings. The property offers five different floor plans with one- to two-bedroom options. Key amenities include balconies, a clubhouse, a fitness center, a pool, and a playground. The surrounding area features a diverse demographic with a mix of professionals, families, and students, and is close to dining, shopping, and entertainment options.
The adjacent Buena Vista Apartments at 2402 Bammelwood Drive is a 24-building, 227,686-square-foot community featuring 226 units with one- to three-bedroom layouts. This complex is in Northwest Houston, adjacent to Casa Del Mar Apartments, which is also a part of this portfolio. The neighborhood is a mix of long-term residents and newcomers, with a strong demand for rental properties. A pool, playground, and clubhouse are some of the amenities that make this an attractive living environment. The area offers easy access to shopping, dining, and recreational activities, further enhancing its desirability.
Providence at Memorial at 1370 Afton Street spans 352,504 square feet and consists of 326 units across 34 two-story buildings. Located in the Spring Branch East neighborhood and the Memorial City area, this property has strong access to major roadways, including Interstate 10, Highway 290, and Loop 610. The area has a diverse population, including young professionals and families, that are ideal resident pools for the one- to four-bedroom floor plans. It is outfitted with desirable amenities, such as two swimming pools, a 24-hour fitness center, and a business center. Proximity to Memorial City and major area employers enhances the property’s appeal.
Sedona Pointe Apartments at 311 Highland Cross Drive comprises 352 units totaling 240,656 square feet across 36 two-story buildings. Located in the Cypresswood and Highland Cross area, this community is just south of The Woodlands and minutes from George Bush Intercontinental Airport. The complex offers studio, one-, and two-bedroom apartments with modern interiors. Community amenities include a pool, business center, playground, and gated access, appealing to residents seeking convenience and comfort.
The Diamond Hill at Westheimer at 9411 Westheimer Road is a 304-unit community at over 267,800 square feet in three three-story buildings. Situated in the Woodlake-Briar Meadow area, this property offers excellent access to the Uptown/Galleria and Memorial City areas. The complex features one- and two-bedroom units with upscale interiors and community amenities such as a large pool, fitness center, and business center. The demographic in this area is diverse, with a mix of renters who value convenience and quality living spaces close to major employment hubs and shopping centers.
Casa Del Mar Apartments at 2431 FM 1960 W is situated in the thriving Northwest Houston area, an established community known for its accessibility and family-friendly environment. The 354-unit complex covers 265,726 square feet across 40 two-story buildings. The property offers five different floor plans with one- to two-bedroom options. Key amenities include balconies, a clubhouse, a fitness center, a pool, and a playground. The surrounding area features a diverse demographic with a mix of professionals, families, and students, and is close to dining, shopping, and entertainment options.
The adjacent Buena Vista Apartments at 2402 Bammelwood Drive is a 24-building, 227,686-square-foot community featuring 226 units with one- to three-bedroom layouts. This complex is in Northwest Houston, adjacent to Casa Del Mar Apartments, which is also a part of this portfolio. The neighborhood is a mix of long-term residents and newcomers, with a strong demand for rental properties. A pool, playground, and clubhouse are some of the amenities that make this an attractive living environment. The area offers easy access to shopping, dining, and recreational activities, further enhancing its desirability.
Providence at Memorial at 1370 Afton Street spans 352,504 square feet and consists of 326 units across 34 two-story buildings. Located in the Spring Branch East neighborhood and the Memorial City area, this property has strong access to major roadways, including Interstate 10, Highway 290, and Loop 610. The area has a diverse population, including young professionals and families, that are ideal resident pools for the one- to four-bedroom floor plans. It is outfitted with desirable amenities, such as two swimming pools, a 24-hour fitness center, and a business center. Proximity to Memorial City and major area employers enhances the property’s appeal.
Sedona Pointe Apartments at 311 Highland Cross Drive comprises 352 units totaling 240,656 square feet across 36 two-story buildings. Located in the Cypresswood and Highland Cross area, this community is just south of The Woodlands and minutes from George Bush Intercontinental Airport. The complex offers studio, one-, and two-bedroom apartments with modern interiors. Community amenities include a pool, business center, playground, and gated access, appealing to residents seeking convenience and comfort.
The Diamond Hill at Westheimer at 9411 Westheimer Road is a 304-unit community at over 267,800 square feet in three three-story buildings. Situated in the Woodlake-Briar Meadow area, this property offers excellent access to the Uptown/Galleria and Memorial City areas. The complex features one- and two-bedroom units with upscale interiors and community amenities such as a large pool, fitness center, and business center. The demographic in this area is diverse, with a mix of renters who value convenience and quality living spaces close to major employment hubs and shopping centers.
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Property Facts
| Price | $434,619,032 CAD | Number of Properties | 5 |
| Price / SF | $320.90 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 4% | Total Building Size | 1,354,372 SF |
| Sale Type | Investment | Total Land Area | 52.39 AC |
| Status | Active |
| Price | $434,619,032 CAD |
| Price / SF | $320.90 CAD / SF |
| Cap Rate | 4% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 1,354,372 SF |
| Total Land Area | 52.39 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Providence At Memorial
1370 Afton St, Houston, TX 77055 |
Multifamily | 352,504 SF | 1971 | - |
|
Diamond Hill at Westheimer
9411 Westheimer Rd, Houston, TX 77063 |
Multifamily | 267,800 SF | 1968 | - |
|
Casa Del Mar
2431 FM 1960 W, Houston, TX 77068 |
Multifamily | 265,726 SF | 1975 | - |
|
Sedona Pointe
311 Highland Cross Dr, Houston, TX 77073 |
Multifamily | 240,656 SF | 1979 | - |
|
Buena Vista Apartments
2402 Bammelwood Dr, Houston, TX 77014 |
Multifamily | 227,686 SF | 1980 | - |
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Presented by
Lone Star State Alexander Capital, LLC
Houston Multifamily Portfolio
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