Multifamily Property with Detached
For Sale
$699,900
104 Virginia St, South Houston, TX 77587
Combined residence and duplex layout supports owner-occupancy, multigenerational living, or multiple rental arrangements.
Property Size4,555 SF
Price / SF$153.66
Days on Market50
Property Features for 104 Virginia St
General Information
Standard status
Active
Size
4,555 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Meadowbrook
Highway Access
Yes
Units
Unit Mix
1 x 5BR/3BA, 2 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1930
Buildings
2
Listing Agency:
Ramos Realty Group
Listed By:
Juan Ramos · License #TEXAS9016824
(713) 480-2440
Source:
Doorstephomegroup
Added: Sep 15
Changed: Oct 25
Last Checked: Sep 29 at 12:00PM
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 Ramos Realty Group
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Investment Insights
Based on property information with market context.
Built in 1930, this multifamily property combines a 5-bedroom, 3-bath main residence with a detached duplex containing two 2-bedroom, 1-bath units. One duplex unit is leased, while the second is vacant and available for leasing or occupancy. The main home includes two primary suites, high ceilings, skylights, custom solid wood kitchen cabinetry, ceramic tile and laminate flooring, a mahogany staircase, two large covered porches, and an exterior half bath.
The property is located at 104 Virginia St in South Houston, near major highways, shopping, dining, schools, and Downtown Houston. Its combination of a substantial main residence and separate duplex building provides several supported occupancy configurations, including owner-occupancy with rental use, multigenerational living, or additional rental potential.
The property is located at 104 Virginia St in South Houston, near major highways, shopping, dining, schools, and Downtown Houston. Its combination of a substantial main residence and separate duplex building provides several supported occupancy configurations, including owner-occupancy with rental use, multigenerational living, or additional rental potential.
Key Highlights
- 5‑bedroom, 3‑bath main residence with two primary suites
- Detached duplex includes two 2‑bedroom, 1‑bath units
- One duplex unit is leased; the second is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,807
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,140
$696.1K
Cap Rate 7%
$497,243
$497.2K
Cap Rate 9%
$386,744
$386.7K
Market Conditions
NOI Build-Up for 4,555 SF
Gross rent
$54.7K $12.00/SF
− Vacancy
−$4.9K −$1.08/SF
EGI
$49.7K $10.92/SF
− OpEx
−$14.9K −$3.27/SF
NOI
$34.8K $7.64/SF
Area
Harris County, TX
Vacancy
9.03%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,140
Cap Rate 7%
$497,243
Cap Rate 9%
$386,744
Alternative Uses
Best Use
Multifamily LT 5
$497.2K
$435.1K – $580.1K
NOI $34,807 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$431.4K
$377.5K – $503.3K
NOI $30,200 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,062 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 77587, TX
16,179
Population
5,549
Households
2.9
Avg Household Size
32
Median Age
9%
College-Educated
60%
High-School Grad
3.1 sq mi
ZIP Area
5,219
Density / Sq Mi
$52,407
Median Household Income
$30,669
Median Earnings
$1,174
Median Rent
$177,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Combined residence and duplex layout supports owner-occupancy, multigenerational living, or multiple rental arrangements.
Where is this multifamily property located?
The property is located at 104 Virginia St South Houston, TX.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 5‑bedroom, 3‑bath main residence with two primary suites; Detached duplex includes two 2‑bedroom, 1‑bath units; One duplex unit is leased; the second is vacant
