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The Dynasty Apartments 3501 N Macgregor Way 96 Unit Apartment Building $6,800,000 ($70,833/Unit) Houston, TX 77004




INVESTMENT HIGHLIGHTS
- The Dynasty Apartments, at 3501 N MacGregor Way, present a 96-unit apartment complex with recent updates.
- The Dynasty Apartments unit-mix consists of one and two-bedroom units.
- Conveniently located near Houston's Medical Center, a highly-populated realm with strong renter demand.
- Houston's MacGregor neighborhood is an urban-suburban node in Houston's Third Ward.
EXECUTIVE SUMMARY
EXP Realty is pleased to present The Dynasty Apartments to the market of investor or developer acquisition. The property is a 96-unit apartment complex comprising 60 one-bed/ one-bath units and 36 two-bed/ one-and-a-half-bath units. 3501 N MacGregor Way is situated on a 2.65-acre corner lot, enabling easy accessibility and visibility. The Dynasty Apartments cater to the demand of renters in Houston's east Medical Center Area and have been well-maintained over time. There is upside potential to tap into via interior and exterior upgrades and renovations to enable at or above market-rate rents.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Taxes |
$90,666
![]() |
$1.48
![]() |
Operating Expenses |
-
![]() |
-
![]() |
Total Expenses |
$90,666
![]() |
$1.48
![]() |
FINANCIAL SUMMARY (ACTUAL - 2023)
Taxes | |
---|---|
Annual | $90,666 |
Annual Per SF | $1.48 |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $90,666 |
Annual Per SF | $1.48 |
PROPERTY FACTS
Price | $6,800,000 | Lot Size | 2.65 AC |
Price Per Unit | $70,833 | Building Size | 61,176 SF |
Sale Type | Investment | Average Occupancy | 25% |
Sale Condition | Redevelopment Project | No. Stories | 2 |
No. Units | 96 | Year Built/Renovated | 1970/2010 |
Property Type | Multifamily | Tenancy | Single |
Property Subtype | Apartment | Parking Ratio | 1.63/1,000 SF |
Apartment Style | Garden | Opportunity Zone |
Yes
|
Building Class | C |
Price | $6,800,000 |
Price Per Unit | $70,833 |
Sale Type | Investment |
Sale Condition | Redevelopment Project |
No. Units | 96 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 2.65 AC |
Building Size | 61,176 SF |
Average Occupancy | 25% |
No. Stories | 2 |
Year Built/Renovated | 1970/2010 |
Tenancy | Single |
Parking Ratio | 1.63/1,000 SF |
Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Kitchen
- Oven
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 60 | - | 539 |
2+1.5 | 36 | - | 736 |
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Bike Score®
Very Bikeable (86)
PROPERTY TAXES
Parcel Number | 0410310330014 | Total Assessment | $3,872,665 (2024) |
Land Assessment | $2,541,462 (2024) | Annual Taxes | $90,666 ($1.48/SF) |
Improvements Assessment | $1,331,203 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0410310330014
Land Assessment
$2,541,462 (2024)
Improvements Assessment
$1,331,203 (2024)
Total Assessment
$3,872,665 (2024)
Annual Taxes
$90,666 ($1.48/SF)
Tax Year
2023
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The Dynasty Apartments | 3501 N Macgregor Way
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