6-Unit Apartment
For Sale
$549,000
1-7-2501 Truxillo St, Houston, TX 77002
Separately metered multifamily property with updated electrical service and recently replaced central air-conditioning units.
Property Size2,312 SF
Price / SF$237.46
Days on Market71
Property Features for 1-7-2501 Truxillo St
General Information
Standard status
Active
Size
2,312 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA, 1 x 2BR/1BA, 1 x 1BR/2BA, 2 x 1BR/1BA
Multifamily Units
6
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,077
Building Details
Buildings
2
Listing Agency:
Nextgen Real Estate Properties
(346) 818-4949
Listed By:
Ryan St George · License #0773302
(346) 818-4949
Source:
Exprealty
Added: Jun 1
Changed: Aug 8
Last Checked: Aug 9 at 12:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nextgen Real Estate Properties
Investment Insights
Based on property information with market context.
This Houston multifamily property contains six apartment units across two buildings. The front structure has two two-bedroom, one-bath units, while the rear building includes one two-bedroom, one-bath unit, one one-bedroom, two-bath unit, and two one-bedroom, one-bath units. A separate office with a bathroom may offer a path to an additional rental unit, subject to applicable requirements.
Each unit has its own water meter and electric meter, and the electrical system was recently updated. Two central A/C units have also been replaced, and the front building has received fresh paint. Three units are vacant, with the remaining units occupied; several tenants have maintained occupancy for more than five years. The property is located at 1-7-2501 Truxillo St in Houston, Texas.
Each unit has its own water meter and electric meter, and the electrical system was recently updated. Two central A/C units have also been replaced, and the front building has received fresh paint. Three units are vacant, with the remaining units occupied; several tenants have maintained occupancy for more than five years. The property is located at 1-7-2501 Truxillo St in Houston, Texas.
Key Highlights
- Six apartment units across two buildings
- Six separate water meters and six separate electric meters
- Unit mix includes two‑bedroom and one‑bedroom floor plans
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,193
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$523,860
$523.9K
Cap Rate 7%
$374,186
$374.2K
Cap Rate 9%
$291,033
$291.0K
Market Conditions
NOI Build-Up for 2,312 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.8K $21.96/SF
− Vacancy
−$3.1K −$1.36/SF
EGI
$47.6K $20.60/SF
− OpEx
−$21.4K −$9.27/SF
NOI
$26.2K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$523,860
Cap Rate 7%
$374,186
Cap Rate 9%
$291,033
Alternative Uses
Best Use
Apartment 5plus
$374.2K
$327.4K – $436.6K
NOI $26,193 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$594.5K
$520.2K – $693.6K
NOI $41,616 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,376
Businesses Nearby
Explore this area
Business Placement
Demographics for 77002, TX
19,844
Population
8,960
Households
2.2
Avg Household Size
34
Median Age
37%
College-Educated
86%
High-School Grad
2.0 sq mi
ZIP Area
9,922
Density / Sq Mi
$85,436
Median Household Income
$54,755
Median Earnings
$1,860
Median Rent
$286,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Separately metered multifamily property with updated electrical service and recently replaced central air-conditioning units.
Where is this apartment building located?
The property is located at 1-7-2501 Truxillo St Houston, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Six apartment units across two buildings; Six separate water meters and six separate electric meters; Unit mix includes two‑bedroom and one‑bedroom floor plans
