Multifamily Housing - For Sale
1903 Portsmouth Street Houston, TX 77098
Details & Description
Call for Pricing
  • Property Type Multifamily for Sale
  • Lot Size Acres 1.560
  • Building Sq Ft 63,663
  • Land Sq Ft 67,953
MONTROSE PORTFOLIO is a 3 property, 75 unit deal located in the heart of the Montrose/Midtown area of Houston, TX. The assets can be acquired as a portfolio, or individually. Each property has been extensively rehabbed and is in excellent condition. Current rents are below market and all assets have certificates of occupancy and are registered for habitability inspections. The portfolio is covered under a blanket insurance policy that has better than full replacement coverage and a 2% deductible for wind, named storms and full liability. Currently there are no reported leasing concessions at any of the properties. These assets are ideal to hold for long term cash flow or as a covered land play.The 1919 Portsmouth Apartments, is a two story, garden-style, apartment community located in the Montrose submarket of Houston, Texas. The asset was originally built in 1961 and pre HCAD was rehabbed in 2016 and 2021. Residents enjoy ample amenities which include: mini-blinds, kitchen pantries, ceiling fans, a full appliance package a beautifully landscaped courtyard and a swimming pool. The property appears to be in excellent condition. Per owner, 5 units are corporate housing units and 1 HAP unit.The 1903 Portsmouth Apartments, is a two story, garden-style, apartment community located in the Montrose submarket of Houston, Texas. The asset was originally built in 1961/1965 and per HCAD was rehabbed in 2009. Residents enjoy ample amenities which include mini-blinds, kitchen pantries, ceiling fans, a full appliance package a beautifully landscaped courtyard and a swimming pool. 1903 is "All Bills Paid" and is in excellent condition. Per owner, 6 units are corporate housing units and 2 are HAP units. There is a shared parking lot between 1903 and 1919 Portsmouth. Owner reportedly paid $50,000 for the lot.The 420 W Alabama Apartments, is a two story, garden-style, apartment community located in the Montrose submarket of Houston, Texas. The asset was originally built in 1968 and per HCAD was rehabbed in 2015. Residents enjoy ample amenities which include: mini-blinds, kitchen pantries, ceiling fans, a full appliance package and a beautifully landscaped courtyard with a water feature. The property appears to be in excellent condition. Per owner, 1 unit is a corporate housing unit.
Property Highlights
 The addresses are: 1903 Portsmouth St.; 1919 Portsmouth St.; & 420 West Alabama St. in Houston, TX
 The Montrose Portfolio consists of 3 separate properties with a total of 75 units
Additional Photos
Listing Agents
Tom Wilkinson

O: 713-355-4646
twilk4@ketent.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1903 Portsmouth Street

Houston, TX 77098

Listing ID: 293002
Call for Pricing
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 1.560
  • Building Sq Ft 63,663
  • Land Sq Ft 67,953
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 1
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 2
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 3
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 4
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 5
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 6
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 7
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 8
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 9
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 10
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 11
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 12
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 13
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 14
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 15
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 16
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 17
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 18
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 19
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 20
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 21
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 22
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 23
  • 1903 Portsmouth Street Houston, TX 77098 | for Sale | Photo 24
1903 Portsmouth Street | for Sale | Thumbnail 1
1903 Portsmouth Street | for Sale | Thumbnail 2
1903 Portsmouth Street | for Sale | Thumbnail 3
1903 Portsmouth Street | for Sale | Thumbnail 4
1903 Portsmouth Street | for Sale | Thumbnail 5
1903 Portsmouth Street | for Sale | Thumbnail 6
1903 Portsmouth Street | for Sale | Thumbnail 7
1903 Portsmouth Street | for Sale | Thumbnail 8
1903 Portsmouth Street | for Sale | Thumbnail 9
1903 Portsmouth Street | for Sale | Thumbnail 10
1903 Portsmouth Street | for Sale | Thumbnail 11
1903 Portsmouth Street | for Sale | Thumbnail 12
1903 Portsmouth Street | for Sale | Thumbnail 13
1903 Portsmouth Street | for Sale | Thumbnail 14
1903 Portsmouth Street | for Sale | Thumbnail 15
1903 Portsmouth Street | for Sale | Thumbnail 16
1903 Portsmouth Street | for Sale | Thumbnail 17
1903 Portsmouth Street | for Sale | Thumbnail 18
1903 Portsmouth Street | for Sale | Thumbnail 19
1903 Portsmouth Street | for Sale | Thumbnail 20
1903 Portsmouth Street | for Sale | Thumbnail 21
1903 Portsmouth Street | for Sale | Thumbnail 22
1903 Portsmouth Street | for Sale | Thumbnail 23
1903 Portsmouth Street | for Sale | Thumbnail 24
Property Highlights
 The Montrose Portfolio consists of 3 separate properties with a total of 75 units
 The addresses are: 1903 Portsmouth St.; 1919 Portsmouth St.; & 420 West Alabama St. in Houston, TX
 Each property is a 2-story, garden style, apartment building
 The Montrose area is a high occupancy area with strong rental rates
 Each property has been extensively rehabbed and is in excellent condition
 Ideal for a long term hold
Description

MONTROSE PORTFOLIO is a 3 property, 75 unit deal located in the heart of the Montrose/Midtown area of Houston, TX. The assets can be acquired as a portfolio, or individually. Each property has been extensively rehabbed and is in excellent condition. Current rents are below market and all assets have certificates of occupancy and are registered for habitability inspections. The portfolio is covered under a blanket insurance policy that has better than full replacement coverage and a 2% deductible for wind, named storms and full liability. Currently there are no reported leasing concessions at any of the properties. These assets are ideal to hold for long term cash flow or as a covered land play.

The 1919 Portsmouth Apartments, is a two story, garden-style, apartment community located in the Montrose submarket of Houston, Texas. The asset was originally built in 1961 and pre HCAD was rehabbed in 2016 and 2021. Residents enjoy ample amenities which include: mini-blinds, kitchen pantries, ceiling fans, a full appliance package a beautifully landscaped courtyard and a swimming pool. The property appears to be in excellent condition. Per owner, 5 units are corporate housing units and 1 HAP unit.

The 1903 Portsmouth Apartments, is a two story, garden-style, apartment community located in the Montrose submarket of Houston, Texas. The asset was originally built in 1961/1965 and per HCAD was rehabbed in 2009. Residents enjoy ample amenities which include mini-blinds, kitchen pantries, ceiling fans, a full appliance package a beautifully landscaped courtyard and a swimming pool. 1903 is "All Bills Paid" and is in excellent condition. Per owner, 6 units are corporate housing units and 2 are HAP units. There is a shared parking lot between 1903 and 1919 Portsmouth. Owner reportedly paid $50,000 for the lot.

The 420 W Alabama Apartments, is a two story, garden-style, apartment community located in the Montrose submarket of Houston, Texas. The asset was originally built in 1968 and per HCAD was rehabbed in 2015. Residents enjoy ample amenities which include: mini-blinds, kitchen pantries, ceiling fans, a full appliance package and a beautifully landscaped courtyard with a water feature. The property appears to be in excellent condition. Per owner, 1 unit is a corporate housing unit.

Traffic Counts

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Houston History of Multifamily Housing for Sale

Houston Area Market Trends

Listing Demographics for 1903 Portsmouth Street Houston, TX 77098

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population26,231194,012458,289
Population Median Age403837
Population by Age0-9 Yrs2050 (7%)17436 (8%)47058 (10%)
10-19 Yrs1949 (7%)12837 (6%)38703 (8%)
20-29 Yrs5536 (21%)46643 (24%)97102 (21%)
30-39 Yrs5066 (19%)40382 (20%)91171 (19%)
40-49 Yrs3280 (12%)22345 (11%)56968 (12%)
50-59 Yrs2909 (11%)20697 (10%)49826 (10%)
60-69 Yrs2953 (11%)18978 (9%)42593 (9%)
70+ Yrs2488 (9%)14695 (7%)34868 (7%)
Median HH Income$100,137$94,121$81,019
Total Household Income< 24K1614 (11%)13128 (13%)35963 (16%)
25-49K1510 (11%)12145 (12%)33088 (15%)
50-74K2042 (14%)15724 (15%)31678 (14%)
75-99K1661 (12%)11299 (11%)22513 (10%)
100-199K3429 (25%)24260 (24%)47165 (22%)
200K+3409 (24%)22723 (22%)41894 (19%)
Highest Education LevelNo Diploma316346026829
Diploma or GED926873137431
Some College18681513541999
Assoc. Degree613567114890
Bachelors Degree725855210110173
Higher Degree896957771103283
Total Housing Units15,500113,769243,668
--Owner-Occupied5,43238,83686,963
--Renter-Occupied8,23360,442125,337
Owner-Occupied Values< 100K5111575179
100-199K199280210112
200-299K32039159999
300-399K673588012724
400-499K57141359823
500K+36182094739127
Total Working Age Population23,015168,873388,613
In Work Force16,533122,911269,809
Not In Work Force6,48345,962118,803
Workforce Employed16,110118,208257,504
Workforce Unemployed3924,59012,029
Civlian Workforce16,502122,798269,533
Military Workforce31113276
Total Households13,66599,278212,301
Family Households5,78840,52096,943
Non-Family Households7,87758,759115,357
Married Couple4,90633,98274,592
Other Family8826,53722,352
Married w/Child1,56411,40428,102
Single Male w/Child1939862,348
Single Female w/Child1742,0067,704

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
Harris County3,400,578+204,092,459+224,978,845+195,924,750

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Other Multifamily Housing Listings for Sale Nearby
Address Price Sq Ft Acres
811 Colquitt Street, Houston, TX CALL 6100 0.14
3435 Rosedale Street, Houston, TX $649,000 3564 0.15
3339 Adair Street, Houston, TX CALL 42230 0.98
3015 Greenridge Drive, Houston, TX CALL 58448 2
2611 North Durham Drive, Houston, TX $799,000 2160 0.15
7611 Jalna St, Houston, TX CALL 24900 0.97
1502 Pech Road, Houston, TX CALL 54534 1.96
5603 Pickfair Street, Houston, TX $500,000 3669 -
2002 North Wayside Drive, Houston, TX CALL 15000 0.46
7655 Bellfort Avenue, Houston, TX CALL 110362 4
Closest Commercial Airports
Airport Distance (mi)
William P Hobby Airport (HOU) 10
George Bush Intercontinental Houston Airport (IAH) 18
Austin Bergstrom International Airport (AUS) 139
Listing Agent
More listings from Tom Wilkinson
Featured Local Vendors
• SUPPORT OUR FREE PLATFORM •
The below vendors allow us to provide our platform at no cost. Please consider their services when needed.
• Environmental Studies •
Phase 1 Enviro Pros LLC logo
Get an Environmental Site Survey!
• Cleaning Company •
Rujo Services logo
A clean, sanitized office is here!
• Title Company •
Sigma Title LLC logo
Talk to an escrow officer today!
• Painting Contractor •
Artisan Painting of Houston logo
• Environmental Studies •
CREtelligent logo
Environment Site Assessments
• Appraisal Company •
Certified Appraisers Inc logo
Proper valuation for buying or selling
• Custom Radius Reports •
Cubit logo
Get the data you need. Click here

Share
Other property types near Houston, TX