3938 King Street
Houston, TX 77026
- 2 beds
- 1 bath
- 6,300 sqft
- $122 per sqft
- 1948 build
- – on site
Investor's Dream! Turnkey Property with Immediate Cash Flow A rare opportunity to own a 7-unit multifamily property that is fully occupied, with each unit currently rented for $1,100 per month and significant potential for rent increases this summer. This low-maintenance, high-yield investment offers turnkey convenience and a prime location for continued growth. Property Highlights: A+ Rehab Completed in 2017: All units gutted down to the studs and renovated with quality finishes. Modern Upgrades: New double-pane low-E windows, updated sheetrock, flooring, and doors. Permitted by the City of Houston. Unit Details: Each 2-bedroom, 1-bath unit includes stainless/black appliances, granite countertops, refrigerator, dishwasher, microwave, garbage disposal, and stackable washer/dryer. Individual Utilities: Each unit is individually metered for electricity and water. Ample Land: Enough space to build 3 additional units, expanding income potential further.
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Last updated Mar 18, 2025
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MLS# 52796592 —
The Building
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Year Built:1948
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Year Built Source:Appraisal District
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New Construction:No
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Roof:Composition
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Stories:1
Financial & Terms
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Price SqFt List:$122.22
Location
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Directions:Head onto I-69/US-59 N, Take exit 123 to merge onto I-610 N, Keep right at the fork to continue on I-610 E, Keep right to stay on I-610 E, Take exit 19A toward Hardy St/Jensen Dr, Merge onto N Loop E Fwy, Continue straight to stay on N Loop E Fwy, Continue onto Kelley St, Turn left onto Sayers St, Destination will be on the left
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Latitude:29.817811
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Longitude:-95.332101
The Property
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Property Type:Multi-Family
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Property Subtype:5 Plus
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Section Number:NA
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Parcel Number:NA
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Total SqFt:6,300 Sqft
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SqFt Source:Appraisal District
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Area:2
Listing Agent
- Contact info:
- Agent phone:
- (281) 912-3212
- Office phone:
- (281) 912-3102
Beds
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Total Bedrooms:2
Baths
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Total Baths:1.00
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Full Baths:1
The Listing
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Status:Active
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Disclosures:No Disclosures, Other Disclosures
Heating & Cooling
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Heat System:Central Electric
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Cool System:Central Electric
Appliances
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Microwave:Yes
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Refrigerator:1
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Dishwasher:Yes
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Disposal:Yes
Schools
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Elementary:KASHMERE GARDENS ELEMENTARY SCHOOL
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Middle School:KEY MIDDLE SCHOOL
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High School:KASHMERE HIGH SCHOOL
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School District:27 - Houston
The Community
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Subdivision:Wilshire Place
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Active Community 55:No
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Restrictions:Deed Restrictions
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Management Company:No
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HOA Website:https://ompropertymanagementtx.com/
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Maintenance Fee:No
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Other Fees:No
Extra Units
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Total Units:7
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).