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Property Details
- Property Type Other
- Property Size 69,600 SF
- Units 85
- Year Built 1963
- Date Updated Jul 2, 2025
Aldine Apartments is a 96-unit, gated multifamily community strategically located in North Houston, just off Aldine Mail Road with direct access to major transportation corridors including Highway 59, Beltway 8, and Hardy Toll Road. The property is positioned in a high-demand rental corridor, bolstered by proximity to key educational institutions such as Hambrick Middle School, MacArthur High School, and Lone Star College East Campus.
Further strengthening the tenant base is the surrounding employment hub, featuring major industrial employers including Halliburton, Averitt Express, USPS North Houston Distribution Center, and GCP Paper USA. George Bush Intercontinental Airport is a short 10-15 minute drive, providing exceptional accessibility for both residents and potential workforce tenants.
The community comprises 12 two-story buildings with flat roofs, master metered and individual HVAC systems. Recent capital improvements include vinyl plank flooring installed in 76% of the units, selective appliance upgrades (white to black finishes), and full resurfacing of the parking lots on both the west and east sides of the property. Expansive courtyards offer inviting communal spaces for residents to gather and engage.
Unit interiors feature a balanced mix of one- and two-bedroom layouts, averaging 725 square feet. Each residence includes full-size kitchens with resurfaced countertops, all-electric appliances (white or black), vinyl flooring*, updated paint, and full bathrooms.
Aldine Apartments is currently self-managed with an on-site full-time property manager and a 24-hour security system in place, providing stable operations and an opportunity for hands-on or third-party professional management moving forward.
Reach out to the broker for more info on lease terms and amenities
Highlights
- 76% of the units have received light renovations featuring vinyl plank flooring, fresh paint, and black or white appliance packages, presenting an opportunity to further modernize remaining units for rent growth.
- In-place rents are estimated to be $100 below market when compared to similar all bills paid properties, offering significant rent upside potential.
- New ownership can bring 6 offline units back online, 4 of which are down to the studs and will require full renovation, while the remaining 2 are currently being used for storage and can be made rent-ready with minimal TLC.
- No on-site laundry facility currently exists. A new owner can unlock additional revenue by installing machines through third-party providers such as Coinmach or WASH.
- Ownership has invested over $2.5MM in capital improvements, including exterior paint and waterproofing, new parking lot (asphalt), interior units and balconies/stairwells.
- Prominently located on Aldine Mail Road, the property enjoys high visibility, heavy traffic flow, and direct access to major transportation corridors including I-69 and Beltway 8.
- Surrounded by major employment centers such as Bush Intercontinental Airport, logistics hubs, and light industrial and warehousing operations, making it attractive to Houstons growing blue-collar workforce.
- The property maintains strong in-place cash flow with 90% occupancy, excluding down units, demonstrating stable performance over the past 12 months.
- The unit mix is balanced, with an equal number of units per floor plan, and average unit sizes of approximately 725 square feet.
Getting around
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63/100
Walk Score ®
-
46/100
Bike Score ®
Location
- City Houston, TX
- Neighborhood Fairgreen
- Zip Code 77039
- Market Houston
Points of Interest
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Northline Transit Center/HCC
5.89 miles
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Melbourne/North Lindale
6.72 miles
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Lindale Park
7.14 miles
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Cavalcade
7.48 miles
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Moody Park
7.90 miles
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Fulton/North Central
8.43 miles
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Quitman/Near Northside
8.82 miles
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UH-Downtown
9.72 miles
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Convenience Plus
0.61 miles
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Shell
0.74 miles
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Valero
0.84 miles
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Exxon
0.93 miles
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JFK All Season Food Store
0.97 miles
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Citgo
0.98 miles
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Volco
1.12 miles
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Independent
1.36 miles
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Houston-North Supercharger
8.15 miles
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Eastex Park & Ride
2.15 miles
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South Garage
2.57 miles
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Holiday Inn Parkiing Lot
2.58 miles
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North Garage
2.77 miles
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Northwest Garage
2.87 miles
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Park 'N Fly
3.37 miles
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PreFlight Airport Parking
3.53 miles
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Tidwell Park & Ride
3.63 miles
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Eco-Park
3.65 miles
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Weatherford Parking lot
3.88 miles
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Americas Inn
1.73 miles
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Regency Inn & Suites
2.32 miles
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Crystal Inn & Suites
2.34 miles
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Fairfield Inn and Suites
2.44 miles
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TownePlace Suites
2.45 miles
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Holiday Inn
2.56 miles
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Ramada Houston Intercontinental Airport South
2.74 miles
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Hilton Garden Inn Houston/Bush Intercontinental Airport
2.81 miles
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La Quinta Inn & Suites
2.86 miles
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Comfort Suites Bush Intercontinental Airport
2.91 miles
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Mi Tienda
2.37 miles
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Ross
2.39 miles
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dd's Discounts
2.40 miles
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Fiesta
2.83 miles
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Presidential Plaza
3.00 miles
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Sellers Brothers
3.33 miles
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Food Town
4.45 miles
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La Michoacana Meat Market
4.52 miles
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Walmart Supercenter
4.66 miles
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El Ahorro Supermarket
4.91 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
