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$1,099,000

9211 N Green River Dr # 12, Houston, TX, 77078

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths6,864 Sq Ft
ApartmentApartment
price_per_sqft$160.11 / sqft
Year BuiltBuilt in 1965

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating RadiantHeating Radiant

Exterior

Lot Size1 acre

Building Information

Year Built1965
Garage Spaces5

Land Information

APN0641950150015
Lot Number15
SubdivisionGreen River Gardens
Land UseCommercial
Legal DescriptionLT 15 BLK 15 GREEN RIVER GARDENS
Census Tract231100
Assessed Land Value$43,560
Assessed Improvement Value$508,238
Assessment Year2025

About this property

Green River Gardens is a recently refurbished multifamily community originally built in 1965, offering 12 fully occupied units across three buildings on approximately one acre. The property features a desirable mix of one- and two-bedroom units, providing immediate rental income and an established tenant base. Approximately half an acre of excess land provides significant future development potential, with the opportunity to add approximately 14–21 additional apartment units, subject to zoning, permitting, and applicable approvals. With recent renovations, full occupancy, and room for expansion, Green River Gardens offers an attractive combination of immediate cash flow and long-term growth potential. Investors can benefit from an established income-producing asset while unlocking additional value through future development. Key Highlights: 12 occupied units • 3 buildings • 1-acre site • 0.5 acre excess land • Recently refurbished

Investor Tools

$511,358Estimated Mortgage Balance
$43,701Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,594 /month
Positive
Cash Flow Estimate:
$2,198 /month

Interested in this property?

Keller Williams Realty - Memor

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,355/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,500
$551,798
2025
$43,560
$508,238
$551,798
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,500
$551,798

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Stellar Bank
Commercial
$584,000
No
First
Jan 2, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$511,358
$40,440
7%
93%
$3,502/mo

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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9211 N Green River Dr # 12 | Property Details | No Agent List