77-Unit Multifamily | REO | Value-Add/Redevelopment Opportunity | 1919 W Main

Investment Highlights:

• Prime Montrose Location - Situated in the heart of Montrose, one of Houston’s most desirable and densely populated neighborhoods, offering walkable access to retail, dining, and cultural amenities.
• Significant Value-Add or Redevelopment Opportunity - Currently 0% occupied due to deferred maintenance, the property provides a clean slate for a full renovation or potential redevelopment.
• Rare Scale in Infill Market - With 77 units and 53,500 square feet on approximately 1.22 acres, the property is the largest vintage boutique multifamily asset in Montrose and spans nearly a full city block—offering scale that is rarely available in this submarket.
• Strong Rent and Occupancy Potential - Renovated properties of similar vintage in Montrose are achieving average rents above $1,400 and maintaining occupancy above 91%, signaling strong rent growth potential post-repositioning.
• Favorable Submarket Fundamentals - Montrose continues to benefit from high demand, limited new supply, and strong demographic trends, making it a top-performing submarket within Houston’s urban core.

 

The Offering

1919 West Main Street is a 77-unit, 53,500-square-foot multifamily asset prominently located at the intersection of West Main Street and Hazard Street in Houston’s highly sought-after Montrose neighborhood. Built in 1963, the property features wood and stucco construction with a pitched roof and sits on approximately 1.22 acres—one of the largest continuous parcels in Montrose, spanning nearly an entire city block.

Currently 0% occupied due to significant deferred maintenance, the property represents a rare and compelling value-add or redevelopment opportunity. With 77 units, 1919 West Main is the largest vintage boutique apartment asset in the submarket, offering scale that is difficult to replicate in this dense, infill location. Renovated properties of similar vintage in Montrose are achieving average rents exceeding $1,400 with occupancy rates above 91%, proving the strong upside potential for a new owner to reposition the asset through comprehensive renovation or full-scale redevelopment.

Montrose is one of Houston’s most iconic and desirable neighborhoods, known for its eclectic character, walkability, and vibrant cultural scene. Centrally located between major employment hubs like Downtown, the Galleria, Greenway Plaza, and the Texas Medical Center, Montrose offers excellent accessibility via key thoroughfares such as Interstate 69, Interstate 610, and Interstate 45. The neighborhood is home to a well-educated, affluent population and attracts residents drawn to its unique mix of historic charm, boutique shops, art galleries, acclaimed restaurants, and lively nightlife. With its strong sense of community and enduring appeal, Montrose remains a top destination for renters seeking a dynamic, urban lifestyle.

Property Tours 

Property tours are available on August 5th & 6th by appointment only. Please reach out to Claire Schmeltekopf, Claire@edge-cm.com | 214.545.6941, to schedule.