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Houston (MONTROSE!) Premiere Location 8-Plex – $1.5M

214 Welch St, Houston
ROI
17.11% IRR
Strategy
Mid Term Rental
Located in the heart of the Montrose neighborhood, surrounded by shoppes, restaurants, and major employers — minutes from downtown Houston and the medical center. Each unit is a 1 bed / 1 bath apartment. (3) units are leased for $1425 and (4) units are leased for $1400. The last unit can be filled at $1425 prior to closing. All utilities on separate meters. It’s rare to see cashflowing commercial multis in A-grade locations. Multiple leasing strategies will work here: STR, MTR, or LTR. This deal is perfect for investors looking for an urban core property with long-term appreciation and strong tenant demand. Taxes will likely bump up to approx $20,000.

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Houston (MONTROSE!) Premiere Location 8-Plex – $1.5M

Listed 10/21/2025

214 Welch St, Houston

Purchase Price:$1,500,000

Cash Outlay:$405,000

Cashflow:$1,785/mo

Cap Rate:6.82%

IRR:17.11%

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