10-Unit Apartment
For Sale
$900,000
10-26 Farrell St, Houston, TX 77022
The property contains one-bedroom, one-bathroom residences and dedicated off-street parking.
Property Size6,826 SF
Price / SF$131.85
Days on Market15
Property Features for 10-26 Farrell St
General Information
Standard status
Active
Size
6,826 SF
Property subtype
Residential Income
Units
Unit Mix
10 x 1BR/1BA
Multifamily Units
10
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$19,934
Building Details
Buildings
1
Listing Agency:
Champions NextGen Real Estate
(346) 418-4444
Listed By:
Ketul Patel
(832) 659-9611
Source:
Exprealty
Added: Sep 24
Changed: Sep 30
Last Checked: Oct 7 at 6:25PM
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 Champions NextGen Real Estate
Investment Insights
Based on property information with market context.
This Houston apartment property contains 10 units, each configured with one bedroom and one bathroom. The building measures 6,826 square feet and includes dedicated off-street parking.
The Northside-Northline location is under a mile from the Northline Transit Center and a 10-minute trip from the University of Houston-Downtown.
The Northside-Northline location is under a mile from the Northline Transit Center and a 10-minute trip from the University of Houston-Downtown.
Key Highlights
- 10 apartment units, each with 1 bedroom and 1 bathroom
- 6,826‑square‑foot building
- Dedicated off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,333
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,546,660
$1.5M
Cap Rate 7%
$1,104,757
$1.1M
Cap Rate 9%
$859,256
$859.3K
Market Conditions
NOI Build-Up for 6,826 SF
Gross rent
$149.9K $21.96/SF
− Vacancy
−$9.3K −$1.36/SF
EGI
$140.6K $20.60/SF
− OpEx
−$63.3K −$9.27/SF
NOI
$77.3K $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%
$1,546,660
Cap Rate 7%
$1,104,757
Cap Rate 9%
$859,256
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$966.7K – $1.29M
NOI $77,333 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,868 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 77022, TX
28,748
Population
10,717
Households
2.7
Avg Household Size
35
Median Age
13%
College-Educated
63%
High-School Grad
5.8 sq mi
ZIP Area
4,957
Density / Sq Mi
$48,386
Median Household Income
$28,877
Median Earnings
$1,047
Median Rent
$197,200
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 - The property contains one-bedroom, one-bathroom residences and dedicated off-street parking.
Where is this apartment building located?
The property is located at 10-26 Farrell St Houston, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 10 apartment units, each with 1 bedroom and 1 bathroom; 6,826‑square‑foot building; Dedicated off‑street parking
