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$2,200,000
Est. payment /mo
2 Beds
1 Bath
11,418 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 11,418 sqft
Price per Sqft $192
Subdivision Houston Heights
MLS Listing ID 29943712
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1947
Annual Tax Amount $54,248
Tax Year 2025
Property Sub-Type Multi Family
Property Description
A rare dirt-value investment opportunity in the heart of Houston Heights. Located at 218 W 15th, this property sits on an A-tier block surrounded by high-end new construction and renovated homes, offering immediate upside for investors seeking location, walkability, and long-term appreciation.
Loan is assumable at extremely attractive rate.
The existing improvements provide multiple value-add pathways: renovate and reposition the current units for premium rental income or redevelop and maximize the site's potential in one of Houston's strongest-performing submarkets.
At essentially land value pricing, investors secure a blue-chip Heights lot with built-in equity and flexible exit strategies. Hold, renovate, or rebuild — the numbers work every way. Opportunities like this, on a block this desirable, rarely come to market.
Loan is assumable at extremely attractive rate.
The existing improvements provide multiple value-add pathways: renovate and reposition the current units for premium rental income or redevelop and maximize the site's potential in one of Houston's strongest-performing submarkets.
At essentially land value pricing, investors secure a blue-chip Heights lot with built-in equity and flexible exit strategies. Hold, renovate, or rebuild — the numbers work every way. Opportunities like this, on a block this desirable, rarely come to market.
Location
State TX
County Harris
Area Heights/Greater Heights
Interior
Heating Central, Gas
Cooling Central Air, Electric
Fireplace No
Exterior
Roof Type Tile
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Schools
Elementary Schools Love Elementary School
Middle Schools Hamilton Middle School (Houston)
High Schools Heights High School
School District 27 - Houston
Others
Tax ID 020-151-000-0022
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Listed by All City Real Estate David Gorham
NEARBY SCHOOL & BUSINESS
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