Villas at Park Place

8345 & 8351 Park Place Blvd, Houston, TX 77017

Villas at Park Place Apartments is a 90-unit property located on Park Place Road, east of I-45 and south of the 610 Loop. This property, consisting of 9 brick buildings with flat and pitched roofs, offers 1-bedroom/1-bathroom and 2-bedroom/1-bathroom units. Built in 1960 and 1965, around 10% of the units were moderately upgraded in 2020. On-site amenities include a property management office and laundry facilities, with space available for additional features like a playground and covered parking. Its prime location provides easy access to major employment, educational, shopping, and dining destinations: Downtown Pasadena is 4.7 miles east, downtown Houston is 8.9 miles northwest, the University of Houston is 6.1 miles northwest, and William P. Hobby Airport is 3.3 miles south.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • Approximately 10% of interiors have been upgraded, allowing a proven value add program for a new owner to complete, upgraded units are achieving $150 premiums compared to classic units.
  • The property is available for either an all-cash purchase or the assumption of the current loan.
  • 66% of the units are designed as 2-bedroom layouts, offering ample living space with an average unit size of 919 square feet.
  • Strong rental area within 2.8 miles from William P. Hobby Airport. Major thoroughfares include Interstate-45 and 610 Loop making for easy access to Central Business District, Medical Center, NRG Stadium and Galleria.
  • The property is priced at a low basis, below replacement cost, providing potential buyers with a valuable investment opportunity and significant cost savings.

Contacts

broker

Abraham Garza III

GREA

broker

Jordon Emmott

GREA

broker

Shayan Hasnain

GREA

broker

Ryan Armstrong

GREA

Location

Getting Around

  • Walk Score ®

    34/100 Car-Dependent

  • Transit Score ®

    34/100 Some Transit

  • Bike Score ®

    35/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Houston, TX
  • Neighborhood Park Place
  • Zip Code 77017
  • Market Houston

Points of Interest

  • Cesar Chavez/67th Street

    3.49 miles

  • MacGregor Park/Martin Luther King, Jr.

    4.07 miles

  • Leeland/Third Ward

    5.32 miles

  • Coffee Plant/Second Ward

    5.36 miles

  • Convention District (westbound)

    6.45 miles

  • Convention District (eastbound)

    6.51 miles

  • Main Street Square (northbound)

    6.95 miles

  • Main Street Square (southbound)

    6.95 miles

  • Bell

    6.96 miles

  • UH-Downtown

    7.03 miles

  • Shell

    1.19 miles

  • Shell

    1.52 miles

  • Chevron

    1.57 miles

  • H-E-B Fuel

    1.61 miles

  • Valero

    1.88 miles

  • Shell

    1.90 miles

  • Shell

    1.91 miles

  • Exxon

    1.94 miles

  • Phillips 66

    2.05 miles

  • Chevron

    2.07 miles

  • Monroe Park and Ride

    2.58 miles

  • Wally Park

    2.85 miles

  • PreFlight Airport Parking

    2.87 miles

  • Magnolia Park & Ride

    3.13 miles

  • ERP Parking

    3.68 miles

  • University Gateway Garage

    4.25 miles

  • East Parking Garage

    4.29 miles

  • Residential Parking

    4.33 miles

  • Visitor Parking

    4.35 miles

  • Residential

    4.37 miles

  • Camelot Inn & Suites

    1.44 miles

  • Moonlight Inn and Suites

    1.56 miles

  • Palace Inn Gulfgate

    2.02 miles

  • Downtowner Inn and Suites

    2.33 miles

  • Four Points by Sheraton Houston Hobby Airport

    2.53 miles

  • Fairfield Inn & Suites Houston Hobby Airport

    2.56 miles

  • Days Inn & Suites by Wyndham Downtown/University of Houston

    2.58 miles

  • Red Carpet Inn Hobby Airport

    2.64 miles

  • Americas Best Value Inn-Houston/Hobby Airport

    2.74 miles

  • Lee's Inn Motel

    2.79 miles

  • Los Chinos Rico

    1.02 miles

  • Kelly's Country Cookin'

    1.12 miles

  • Papa John's

    1.22 miles

  • Church's Chicken

    1.44 miles

  • Doneraki Restaurant

    1.46 miles

  • Pappas BBQ

    1.48 miles

  • McDonald's

    1.49 miles

  • Denny's

    1.56 miles

  • Sonic

    1.56 miles

  • Son Nam

    1.56 miles

  • Deady Middle School

    0.66 miles

  • Park Place Elementary School

    0.74 miles

  • Milby High School

    0.83 miles

  • Sanchez Elementary School

    0.92 miles

  • Crespo Elementary School

    1.13 miles

  • César E. Chavez High School

    1.17 miles

  • YES Prep East End

    1.19 miles

  • Everest Institute Houston Hobby

    1.25 miles

  • Southmayd Elementary School

    1.36 miles

  • Davila Elementary School

    1.36 miles

  • Early Childhood Center

    6.56 miles

  • Apple of My Eye

    7.21 miles

  • House at Pooh Corner

    9.58 miles

Frequently Asked Questions

How much does Villas at Park Place cost?

The sale price for Villas at Park Place is available upon request. Contact the listing broker for more information.

What is the total square footage of Villas at Park Place?

Villas at Park Place totals 82,735 square feet.

When was this property built?

Villas at Park Place was built in 1965.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Villas at Park Place