HOUSTON-A local businessman, making a market exit, has sold two fully rented six-plexes within two blocks of one another on the city’s southwest side.

Hawthorne Enterprises Ltd. had the multifamily properties at 1529 Bonnie Brae St. and 1609 Castle Court listed for a combined $789,000. A private investor from Venice, CA paid just south of the ask, according to Sheri Carey with Marcus & Millichap Real Estate Investment Brokerage Co.’s Houston office. She adds that both six-plexes had been on the market about three months.

The Bonnie Brae complex was built in 1963 and Castle Court completed in 1937. “Both were in very good shape,” Carey tells GlobeSt.com. “The one built in 1937 had been destroyed by fire in 2001 and was completely rewired with new plumbing installed.” Realty Associates of Houston represented the buyer on the six-plexes.

Each building has a quartet of two-bedroom units with 600 sf and a pair of one-bedroom apartments measuring about 1,000 sf. Monthly rents range from $575 to $800.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.