Remodeled Multifamily Townhome
For Sale
$1,690,000
1111 Autrey Street # 5, Houston, TX 77006
Professionally remodeled five-townhome multifamily with central HVAC, private patios, and garages.
Days on Market121
Property Features for 1111 Autrey Street # 5
General Information
Standard status
Active
Property subtype
Multi Family,5 Plus
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Amenities
private outdoor patio
full suite of appliances
Building Details
Building Size
7,716 SF
Year Built
1975
Buildings
1
Listing Agency:
Walzel Properties - Galleria
(302) 503-2137
Listed By:
Chidozie Osueke
(302) 503-2137
Source:
Mpowerrealtygroup
Added: Apr 3
Changed: Jul 31
Last Checked: Jul 31 at 3:26AM
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 Walzel Properties - Galleria
Investment Insights
Based on property information with market context.
This professionally managed, remodeled apartment building features five separate townhomes. Each townhome includes central HVAC, two bedrooms, two and a half bathrooms, a garage, a private outdoor patio, and wood floors. Interiors come with a full suite of appliances, including a washer and dryer. Built in 1975, the property is positioned for tenants who value in-unit comfort and day-to-day functionality.
The complex is located in the heart of Houston’s Museum District, about one mile from Hermann Park Golf Course, Rice University, and the Houston Medical Center. The property is best viewed by appointment; please contact the listing agent to schedule a tour. Do not disturb or solicit tenants.
The complex is located in the heart of Houston’s Museum District, about one mile from Hermann Park Golf Course, Rice University, and the Houston Medical Center. The property is best viewed by appointment; please contact the listing agent to schedule a tour. Do not disturb or solicit tenants.
Key Highlights
- Remodeled five‑townhome multifamily in Houston’s Museum District
- Each townhome has central HVAC, two bedrooms, and two and a half bathrooms
- Private outdoor patio plus garage included with every townhome
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $169.4k | $21.96 |
| − Vacancy | −$10.5k | −$1.36 |
| EGI | $158.9k | $20.60 |
| − OpEx | −$71.5k | −$9.27 |
| NOI | $87.4k | $11.33 |
7,716 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,416 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.74M – $2.31M
NOI $138,888 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,627
Businesses Nearby
Explore this area
Business Placement
Demographics for 77006, TX
24,129
Population
16,654
Households
1.4
Avg Household Size
36
Median Age
80%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
10,491
Density / Sq Mi
$102,003
Median Household Income
$73,275
Median Earnings
$1,761
Median Rent
$599,500
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 - Professionally remodeled five-townhome multifamily with central HVAC, private patios, and garages.
Where is this apartment building located?
The property is located at 1111 Autrey Street # 5 Houston, TX.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Remodeled five‑townhome multifamily in Houston’s Museum District; Each townhome has central HVAC, two bedrooms, and two and a half bathrooms; Private outdoor patio plus garage included with every townhome
