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Houston Montrose Mixed Use STR Portfolio $34,957/mo 13 Units $3.35M

601-602 Fairview Ave, Houston
ROI
19.92% IRR
Strategy
Long Term Rental
Producing $34,957 per month across 13 units, including nine short term rentals at $18,000 per month, three long term units at $4,150, and a restaurant lease at $12,807. Fully renovated and operating with multiple income streams in one of Houston’s most walkable, high demand neighborhoods. Strong upside through STR optimization and potential restaurant repositioning. Current asking price is $3.6M after multiple price drops from $4M, and I think an offer of $3.35M gets this done.

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Houston Montrose Mixed Use STR Portfolio $34,957/mo 13 Units $3.35M

Listed 04/06/2026

601-602 Fairview Ave, Houston

Purchase Price:$3,350,000

Cash Outlay:$904,500

Cashflow:$5,235/mo

Cap Rate:7.71%

IRR:19.92%

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