The Grove at Wilcrest — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Houston, TX 77043
  • Size: 342,489 SF
  • Year built: 2014

Photos

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Description

Jones Lang LaSalle is pleased to exclusively present The Grove at Wilcrest, a compelling 360-unit investment opportunity strategically positioned in Houston's high-growth Energy Corridor/CityCentre/Briar Forest submarket. This 2014-vintage, institutional-quality wrap community spans 7.2 acres and offers investors a rare combination of exceptional location fundamentals and clear value-creation upside. The Grove at Wilcrest occupies a commanding position within West Houston's most dynamic growth corridor, surrounded by high-income neighborhoods. The property delivers immediate access to major employment hubs including the Energy Corridor's Fortune 500 concentration, while positioning residents minutes from premier lifestyle destinations such as CityCentre and Memorial City Mall. Superior connectivity via Interstate 10 and Beltway 8 provides unmatched accessibility throughout greater Houston. This strategic positioning captures both suburban quality and urban convenience—a combination that commands sustained rent premiums and drives long-term appreciation. The property benefits from constrained competitive supply, strong surrounding demographics, and meaningful value-add opportunities through strategic renovations. Its 2014 vintage provides institutional construction quality while creating repositioning potential that minimizes operational risk and maximizes NOI growth. The Grove at Wilcrest represents an exceptional opportunity to acquire a well-maintained, institutional-grade community with irreplaceable location fundamentals and a clear path to outsized risk-adjusted returns.

Market Context

This multifamily in Houston, TX is listed for sale across 342,489 SF. The building dates to 2014. Compare it against other multifamily listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston multifamily market showed an 11.5% vacancy rate, and average asking rents near $1384.50/unit/mo. Source: multiple brokerage reports, Q1 2026.

Multifamily market FAQ

Is the Houston multifamily market tightening or softening?
Vacancy is around 11.5% (Q1 2026).

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