Kevin Riles Commercial is pleased to offer this exceptional investment opportunity in Houston’s Park Place neighborhood! This 12-unit apartment complex offers a unique mix of long-term and short-term rental income, making it ideal for a first-time multifamily investor or a seasoned buyer looking to expand their portfolio. Property Highlights: -12 one-bedroom units - Six units currently operating as Airbnb rentals – fully furnished and recently updated - Six traditional rental units – offering an opportunity to renovate and increase value - Upgraded parking lot and recent capital improvements completed by the current owner - Potential for higher revenue by converting additional units to short-term rentals Prime Location: - Near 610 South & I-45 South for easy accessibility - Just north of Houston Botanic Garden - 13 minutes to Hobby Airport - 20 minutes to Downtown Houston
For sale
Price cut: $200K (5/23)
$950,000
2917 Ashley St #12, Houston, TX 77017
--beds
0baths
3,053sqft
Est.:
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$311/sqft
$-- HOA
What's special
Upgraded parking lot
- 95 days
- on Zillow |
- 178 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: May 23, 2025 at 06:54am
Listed by:
Kevin Riles TREC #0465148 281-451-8437,
Kevin Riles Commercial
Source: HAR,MLS#: 7252518

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Window Unit
Cooling
- Window Unit(s)
Interior area
- Total structure area: 3,053
- Total interior livable area: 3,053 sqft
Property
Features
- Stories: 2
Lot
- Size: 0.28 Acres
Details
- Parcel number: 0283260090012
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1940
Community & HOA
Community
- Subdivision: Park Place Acre Villa
Location
- Region: Houston
Financial & listing details
- Price per square foot: $311/sqft
- Tax assessed value: $695,777
- Annual tax amount: $14,558
- Date on market: 2/25/2025
- Listing agreement: Exclusive Right to Sell/Lease
- Lease term: 1 Year,6 Month,Month To Month
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