Four-Story Residential Income
For Sale
$735,000
11 Robita Street, Houston, TX 77019
Modern townhome in a private gated community with elevator access, refined finishes, multiple living areas, and an attached garage.
Property Size3,332 SF
Price / SF$220.59
Days on Market12
Property Features for 11 Robita Street
General Information
Standard status
Active
Size
3,332 SF
Elevators
Yes
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/3.5BA
Multifamily Units
1
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$15,280
Amenities
wide-plank wood floors
high ceilings
crown molding
Hunter Douglas blinds
insulated Low-E windows
twin-recessed LED lighting
Miele appliances
marble countertops
soft-close cabinetry
fireplace
soaker tub
large shower with bench
office nook
custom walk-in closet
built-ins
game room with dry bar
expansive terrace
tankless water heater
high-efficiency HVAC
whole-home dehumidifier
TAEXX pest control system
overhead garage storage
spacious closets
Engineered Hardwood,Marble,Tile
Game Room,Guest Quarters,Kitchen,Living Room,Office,Utility Room,Half Bath
1
Yes
4
3
Low-Emissivity Windows
Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Appraiser
Electric
Balcony,Crown Molding,Dry Bar,Double Vanity,Elevator,High Ceilings,Kitchen Island,Kitchen/Family Room Combo,Bath in Primary Bedroom,Pots & Pan Drawers,Pantry,Self-closing Cabinet Doors,Self-closing Drawers,Soaking Tub,Separate Shower,Ceiling Fan(s),Kitchen/Dining Combo,Living/Dining Room,Programmable Thermostat
Other
No
Public
1572
0.0361
Attached,Electric Gate,Garage,Garage Door Opener
Balcony
Slab
3332
Building Details
Building Size
3,332 SF
Year Built
2016
Stories
4
Listing Agency:
Core Properties
(214) 616-3729
Listed By:
Nikki Bridgewater
(214) 616-3729
Source:
Garygreene
Added: Aug 3
Changed: Aug 14
Last Checked: Aug 14 at 3:54AM
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 Core Properties
Investment Insights
Based on property information with market context.
Built in 2016, this four-story residential income property offers 3,332 square feet with 3 bedrooms and 3.5 baths. An elevator serves every level, while the interior includes engineered hardwood, marble and tile finishes, high ceilings, crown molding, Low-E windows, and recessed LED lighting. The main living area connects to a kitchen with Miele appliances, marble counters, soft-close cabinetry, and an island. A fireplace, game room with dry bar, office nook, custom closet storage, and expansive terrace add functional variety.
The private primary suite includes a soaking tub, separate shower with bench, double vanity, and built-in walk-in closet. Additional bedrooms feature ensuite baths and large closets. Property systems include high-efficiency HVAC, a whole-home dehumidifier, tankless water heater, fire suppression, and TAEXX pest control. The attached electric-gated garage includes overhead storage. The home is near Buffalo Bayou trails, Eleanor Tinsley Park, POST Houston, and the Theater District.
The private primary suite includes a soaking tub, separate shower with bench, double vanity, and built-in walk-in closet. Additional bedrooms feature ensuite baths and large closets. Property systems include high-efficiency HVAC, a whole-home dehumidifier, tankless water heater, fire suppression, and TAEXX pest control. The attached electric-gated garage includes overhead storage. The home is near Buffalo Bayou trails, Eleanor Tinsley Park, POST Houston, and the Theater District.
Key Highlights
- 3,332‑square‑foot four‑story townhome built in 2016
- 3 bedrooms and 3.5 baths with ensuite accommodations
- Elevator accesses all levels
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
$37,749
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
5.14%
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%
$754,980
$755.0K
Cap Rate 7%
$539,271
$539.3K
Cap Rate 9%
$419,433
$419.4K
Market Conditions
NOI Build-Up for 3,332 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
$73.2K $21.96/SF
− Vacancy
−$4.5K −$1.36/SF
EGI
$68.6K $20.60/SF
− OpEx
−$30.9K −$9.27/SF
NOI
$37.7K $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%
$754,980
Cap Rate 7%
$539,271
Cap Rate 9%
$419,433
Alternative Uses
Best Use
Apartment 5plus
$539.3K
$471.9K – $629.2K
NOI $37,749 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$856.8K
$749.7K – $999.6K
NOI $59,976 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,916
Businesses Nearby
Explore this area
Business Placement
Demographics for 77019, TX
24,136
Population
14,387
Households
1.7
Avg Household Size
37
Median Age
76%
College-Educated
98%
High-School Grad
3.7 sq mi
ZIP Area
6,523
Density / Sq Mi
$108,353
Median Household Income
$75,871
Median Earnings
$1,886
Median Rent
$724,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Modern townhome in a private gated community with elevator access, refined finishes, multiple living areas, and an attached garage.
Where is this residential income property located?
The property is located at 11 Robita Street Houston, TX.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 3,332‑square‑foot four‑story townhome built in 2016; 3 bedrooms and 3.5 baths with ensuite accommodations; Elevator accesses all levels
