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More details for 8600 S Course Dr, Houston, TX - Multifamily for Sale

Victoria Park Apartments - 8600 S Course Dr

Houston, TX 77099

  • Loft
  • Multifamily for Sale
  • Price Upon Request
  • 282,897 SF
  • Air Conditioning
  • 24 Hour Access
  • Fitness Center
  • Smoke Detector

Houston Multifamily for Sale - Southwest Beltway 8

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.

Contact:

Houston Income Properties, Inc.

Property Subtype:

Apartment

Date on Market:

2026-04-13

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More details for 9733 Neuens Rd, Houston, TX - Multifamily for Sale

Pine Village - 9733 Neuens Rd

Houston, TX 77080

  • Loft
  • Multifamily for Sale
  • Price Upon Request
  • 17,654 SF
  • Air Conditioning
  • 24 Hour Access
  • Kitchen

Houston Multifamily for Sale - Katy Freeway East

Marcus and Millichap is pleased to present The Pine Village Apartments, a 25-unit multifamily community located at 9733 Neuens Road in Houston, Texas. Built in 1961, the property is situated in the highly desirable Spring Branch submarket, one of Houston’s most established and consistently sought-after rental corridors. The asset features a diverse unit mix consisting of one studio loft, six one-bedroom units, and 18 two-bedroom units, appealing to a broad tenant base. The property showcases a variety of interior unit updates that have already achieved rent premiums, while maintaining additional upside through the completion of renovations on the remaining classic units. Over the past 3 years ownership has invested more than $450,000 into significant capital improvements that meaningfully strengthen the asset and reduce near term capex risk. Upgrades include renovated interiors with new flooring, fixtures, updated plumbing, refreshed cabinets and countertops, blinds, and new appliances. Property wide improvements include new windows for the entire complex, new electrical panels, resurfaced asphalt along the road frontage, a new storage shed, security cameras, additional covered parking, enhanced exterior lighting, and multiple site enhancements that improve curb appeal and operational efficiency. Currently 100% occupied, Pine Village Apartments offers immediate stability and in-place cash flow. With much of the initial renovation work already completed, the property provides a clear value-add opportunity to further increase rents by updating the remaining classic units, with projected rent premiums of $100+ per month. The property also includes a roughly 5,000 square foot rear lot on a separate parcel that provides flexible optionality for a buyer. The space can be developed, sold separately, or repurposed for storage, amenities, or additional parking, creating multiple avenues to unlock additional value. The community benefits from covered parking, an on-site laundry facility, and a landscaped gazebo and grilling area that enhance tenant retention. Located directly across the street from Spring Woods Middle School and Pine Shadows Elementary School, the property enjoys consistent renter demand driven by its proximity to schools and its position within one of Houston’s most desirable neighborhoods. With strong occupancy, proven rental upside, and a straightforward renovation strategy, Pine Village Apartments represents a compelling opportunity for investors seeking a stable, cash-flowing asset with meaningful value-add potential in a premier submarket.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2026-03-05

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More details for MainStreet America – for Sale, Spring, TX

MainStreet America

  • Loft
  • Mixed Types for Sale
  • Price Upon Request
  • 4 Properties | Mixed Types
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More details for 3519 Miles St, Dallas, TX - Office for Sale

Oak Lawn Office Building - 3519 Miles St

Dallas, TX 75209

  • Loft
  • Office for Sale
  • Price Upon Request
  • 3,500 SF
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More details for 7901 Hwy 290 E, Chappell Hill, TX - Retail for Sale

Chappell Hill Family Storage - 7901 Hwy 290 E

Chappell Hill, TX 77426

  • Loft
  • Retail for Sale
  • Price Upon Request
  • 3,538 SF
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More details for 2925 Riverglen Dr, Fort Worth, TX - Office for Sale

2925 Riverglen Dr

Fort Worth, TX 76109

  • Loft
  • Office for Sale
  • Price Upon Request
  • 17,718 SF
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More details for TMC Land Redevelopment Opportunity – for Sale, Houston, TX

TMC Land Redevelopment Opportunity

  • Loft
  • Mixed Types for Sale
  • Price Upon Request
  • 3 Properties | Mixed Types
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