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Live MLS data via Repliers. Not for redistribution. © 2026
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  2. Houston homes for sale›
  3. 5009 Reed

$245,000

5009 Reed
Houston, TX, 77033

About this home

Rare opportunity to acquire a shovel-ready multifamily development site in a rapidly growing Houston submarket.This is a fully entitled 12-unit project with approvals and key pre-development work already completed, allowing a buyer to begin construction Now!The approved plans feature a 3-story apartment building consisting of 6 one-bedroom/one-bath units and 6 two-bedroom/two-bath units, designed with efficient layouts and strong rental appeal. Each unit includes a private balcony, and the project incorporates on-site storage units, creating additional income potential.The sale includes the development lot, approved architectural plans, completed geotechnical report, and partial impact fees already paid, significantly reducing timeline, risk, and upfront soft costs.This project can be executed as affordable housing for stable occupancy or upgraded to capture top market rents. Ideal for developers looking to fast-track a multifamily build in Houston.Buy today and start building tomorrow

Property details

Property type
Land
Style
Lots
Water
Other Water/Sewer, Public
Sewer
Other Water/Sewer, Public Sewer
Lot
0.2893 acres
Taxes / yr
$3,481

Property history

DateEventPrice
· Ter$285,000
Estimated monthly
$1,743/mo
P&I $1,304 · Tax $368/mo · Ins $71/mo

Estimate only. Taxes and insurance are typical TX defaults; check exact figures before buying.

Listed by
Adeo Homes Realty
Christian Asmatey
MLS82462379Listed5/26/2026Days on market54
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Where this home fits
  • Houston homes under $300k
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