Cullen Development Site-Rare 2.27 Acre Near Medical… — Sale in Houston, TX

  • Price: $2.5M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Houston, TX 77051
  • Size: 1 SF

Investment Figures

Price per unit
$2,500,000 across 1 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

* Prime Location: Positioned along Cullen Blvd, with direct access to Houston’s Medical Center South, major employment hubs, and dense residential neighborhoods. * Development Flexibility: Commercial acreage with no current structures—offering a clean slate for investors or developers. * Strong Demographics: Within Houston ISD boundaries and near major commuter routes. * Land Value Growth: Assessed land value has increased by over 10% year-over-year. * Flood Zone X: Minimal flood risk per FEMA panel 48201C0890M. * Address: 8810 Cullen Blvd, Houston, TX 77051 * Parcel ID: 144-971-001-0001 * Lot Size: ±99,034 SF / 2.2735 Acres * Current Use: Vacant Commercial Land * Utilities: Available through City of Houston (Buyer to verify). **There is Access to Utilities. Buyer has to peform Due Diligence for their requirements. Building SF: 1 | Land Size: 99034.0 SF | Listing Type: FOR SALE

Market Context

This multifamily in Houston, TX is listed for sale at $2,500,000 across 1 SF. It has been on the market for 71 days. Compare it against other multifamily listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston multifamily market showed average asking rents near $1400.00/unit/mo, rents up 9.2% year over year, and cap rates around 4.8%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Houston?
About 4.8% as of Q1 2026, per multiple brokerage reports.

Contact

Explore this market

Similar Multifamily Property for Sale in Houston, TX