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9134 Pembrook St, Houston, TX 77016

$1,025,000
: 3
BD
: 3
BA
: 7,290
SqFt

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List Price: $1,025,000
Status: ACTIVE
MLS#: 55358499
Price Change: ▼ $75,000 1793307541
Bedrooms: 3
Bathrooms: 3
Living Area: 7,290
Lot Size: 8,400
Area: 2

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Property Description

Rare $1.1M value-add portfolio in Houston’s rapid-growth 77016 market featuring three modern 4-story residences with private rooftop terraces, 3 bedrooms, and 3.5 bathrooms per unit. The standalone home sits at 90%+ completion, while the adjoining duplex is primed for finishing. All remaining materials needed to complete the project are included in the sale—leaving the buyer primarily responsible for labor—with experienced project contractors available for a seamless transition. Projected completed values are ~$550K for the standalone and ~$500K per duplex unit, totaling ~$1.55M in combined potential completed value. Located within one of the nation’s fastest-growing major metropolitan areas, this portfolio offers a compelling combination of built-in equity potential, limited remaining construction exposure, and long-term Houston housing demand. Offered as-is in a single transaction. Buyer to independently verify projected values, labor costs, and market conditions.

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Additional Information

Roof: Composition
Appliances: Dishwasher, Disposal, Microwave
Region: 2
School District: Houston
Elementary School: Shadydale Elementary
High School: North Forest High School
Middle School: Forest Brook Middle School
Stories: 4
Street Name: Pembrook St
Street Number: 9134
Neighborhood: Northeast Houston
County: Harris
Heating: Central, Natural Gas
Lot Description: Other