6-Unit Apartment
1-7-2501 Truxillo St, Houston, TX 77002
For Sale
$498,000
Separately metered multifamily property with updated electrical service and recently replaced central air-conditioning units.
Property Size2,312 SF
Price / SF$215.40
Days on Market166
Property Features for 1-7-2501 Truxillo St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Nextgen Real Estate Properties
(346) 888-2525
Listed By:
Ryan St George · License TX #0773302
(346) 818-4949
Source:
Exprealty
Added: May 31
Changed: Nov 2
Last Checked: Nov 12 at 8:53AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$26,193
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
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
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 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 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$594.5K
$520.2K – $693.6K
NOI $41,616 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Properties on Market for Apartment buildings in Houston
Vacancy Rate% for Multifamily in South region
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 $498,000.
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
