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$5,000,000

Est. payment - /mo

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4 Beds

2 Baths

25,353 SqFt

New

12625 Memorial Drive Houston, TX 77024

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Banke Funsho

info@bankonbanke.com +1(713) 496-2286

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 25,353 sqft

Price per Sqft $197

Subdivision Somerset Place 03 R/P

MLS Listing ID 61105462

Bedrooms 4

Full Baths 2

HOA Fees $465/ann

HOA Y/N No

Year Built 1978

Annual Tax Amount $8,296

Tax Year 2025

Property Sub-Type Multi Family

Property Description

Prime investment opportunity in Memorial! This rare portfolio includes 12 townhouse units at 12625 Memorial Drive, with 10 currently tenant-occupied, generating consistent rental income from day one. Situated in one of Houston's most sought-after residential corridors, this asset offers both immediate cash flow and strong long-term appreciation potential. Located within the prestigious Rummel Creek Elementary, Memorial Middle, and Stratford High school zones, these units attract stable, high-quality tenants seeking top education and proximity to major employment hubs. Residents enjoy quick access to CityCentre, Memorial City Mall, and Terry Hershey Park, with I-10 and Beltway 8 just minutes away. Rarely does an opportunity of this scale and location become available—perfect for investors seeking a turnkey, high-demand property in a proven rental market.

Location

State TX

County Harris

Area Memorial West

Interior

Heating Central, Gas

Cooling Central Air, Electric

Flooring Carpet, Tile

Fireplace No

Exterior

Parking Features Garage, Garage Door Opener

Amenities Available Gated

Roof Type Composition

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Schools

Elementary Schools Frostwood Elementary School

Middle Schools Memorial Middle School (Spring Branch)

High Schools Memorial High School (Spring Branch)

School District 49 - Spring Branch

Others

HOA Name Somerset Place Association

HOA Fee Include Common Areas,Recreation Facilities,Trash

Tax ID 106-578-014-0101

Virtual Tour https://drive.google.com/drive/folders/1Ku9KnPuChuYplnkOgriC9qs7GDDTYL_m?usp=sharing

Houston Realtors Information Service / HAR MLS

Listed by eXp Realty, LLC Mauricio Rojas Diaz

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Banke Funsho

Agent | License ID: 741342

+1(713) 496-2286