Three-Story
New
For Sale
$2,439,000
1113-1119 Ennis Street, Houston, TX 77003
Four freestanding residences offer private garages, driveways, balconies, and full appliances within one multifamily property.
Property Size9,600 SF
Price / SF$254.06
Days on Market3
Property Features for 1113-1119 Ennis Street
General Information
Standard status
Active
Size
9,600 SF
Total Parking Spaces
16
Property subtype
Multi-Family
Units
Unit Mix
4 x 3BR/3.5BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,350
Amenities
Engineered Hardwood,Plank,Tile,Vinyl,Wood,Hardwood
Yes
3
Washer Hookup,Dryer Hookup
Builder
Balcony
Partial
Near Public Transit,Subdivision
5325
More than Two
Appraiser
Electric Gate,Electric Vehicle Charging Station(s),Garage,Garage Door Opener
Private Entrance
9600
Building Details
Building Size
9,600 SF
Year Built
2026
Buildings
4
Stories
3
Construction
Contemporary
Listing Agency:
Suntrust Realty
(713) 965-0812
Listed By:
John Osterhaus
(713) 206-0822
Source:
Garygreene
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 19 at 7:05AM
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 Suntrust Realty
Investment Insights
Based on property information with market context.
This 9,600-square-foot quadplex contains four freestanding residences, each arranged with 3 bedrooms, 3.5 baths, full appliances, a private 2-car garage, and a 2-car driveway. Across the property, the configuration totals 12 bedrooms, 12 full baths, and 4 half baths. The three-story design incorporates contemporary architecture, modern interior finishes, balconies, private entrances, washer and dryer hookups, and garage door openers.
The property is located at 1113-1119 Ennis Street in Houston, with access to public transit. Exterior features include an electric gate and electric vehicle charging station(s). Built in 2026, the property provides parking for up to 16 vehicles and combines multiple independent residences within a single multifamily asset.
The property is located at 1113-1119 Ennis Street in Houston, with access to public transit. Exterior features include an electric gate and electric vehicle charging station(s). Built in 2026, the property provides parking for up to 16 vehicles and combines multiple independent residences within a single multifamily asset.
Key Highlights
- Four freestanding residences totaling 12 bedrooms, 12 full baths, and 4 half baths
- Each residence includes 3 bedrooms, 3.5 baths, a private 2‑car garage, and a 2‑car driveway
- 9,600 square feet across a three‑story design; built in 2026
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
$125,738
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
5.16%
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%
$2,514,760
$2.5M
Cap Rate 7%
$1,796,257
$1.8M
Cap Rate 9%
$1,397,089
$1.4M
Market Conditions
NOI Build-Up for 9,600 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
$190.1K $19.80/SF
− Vacancy
−$10.5K −$1.09/SF
EGI
$179.6K $18.71/SF
− OpEx
−$53.9K −$5.61/SF
NOI
$125.7K $13.10/SF
Area
Houston, TX
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
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%
$2,514,760
Cap Rate 7%
$1,796,257
Cap Rate 9%
$1,397,089
Alternative Uses
Best Use
Multifamily LT 5
$1.80M
$1.57M – $2.10M
NOI $125,738 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,760 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,800 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,658
Businesses Nearby
Explore this area
Business Placement
Demographics for 77003, TX
11,874
Population
6,201
Households
1.9
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
4,398
Density / Sq Mi
$88,837
Median Household Income
$63,831
Median Earnings
$1,562
Median Rent
$363,000
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?
Quadplex - Four freestanding residences offer private garages, driveways, balconies, and full appliances within one multifamily property.
Where is this quadplex located?
The property is located at 1113-1119 Ennis Street Houston, TX.
What is the asking price?
The asking price for this property is $2,439,000.
What are key features of this property?
This property features: Four freestanding residences totaling 12 bedrooms, 12 full baths, and 4 half baths; Each residence includes 3 bedrooms, 3.5 baths, a private 2‑car garage, and a 2‑car driveway; 9,600 square feet across a three‑story design; built in 2026
