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Renovated Multifamily Asset Near Downtown

120 S 79th St, Houston, TX 77012

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For Sale

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Fully renovated 10-unit multifamily property near downtown Houston.

Type:Multifamily

Property size:

4,693 SF

Price / SF:

$159/SF

HighLights

Fully renovated units minimize capital expenditures and maximize tenant appeal.
Located inside Houston’s highly desirable inner loop, near downtown, major highways, and key employment drivers.
Strong mix of one‑bedroom and three‑bedroom units provides affordability and stabilized cash flow.
In‑place rents ranging from $775 to $1,380 (3‑bedroom) offer immediate income.
Efficient oversight provided by a live‑in manager under a favorable management agreement.
Central location supports sustained renter demand, high occupancy, and long‑term appreciation potential.

We can help!

Contact an agent

Joshua Kasali

For Sale

Contact for pricing

Fully renovated 10-unit multifamily property near downtown Houston.

Type:Multifamily

Property size:

4,693 SF

Price / SF:

$159/SF

Added:: Dec 9, 2025
Days on Market:: 212
Last Refresh:: Jul 2 at 5:47 am

Property Features for 120 S 79th St

General Information

Standard status: Active
Size: 4,693 SF
Property subtype: Multifamily

Building Details

Year Built: 1970

We can help!

Contact an agent

Joshua Kasali

Listing office Marcus & Millichap - Houston

Listing date Dec 9, 2025

Source Crexi

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 Marcus & Millichap - Houston

HighLights

Fully renovated units minimize capital expenditures and maximize tenant appeal.
Located inside Houston’s highly desirable inner loop, near downtown, major highways, and key employment drivers.
Strong mix of one‑bedroom and three‑bedroom units provides affordability and stabilized cash flow.
In‑place rents ranging from $775 to $1,380 (3‑bedroom) offer immediate income.
Efficient oversight provided by a live‑in manager under a favorable management agreement.
Central location supports sustained renter demand, high occupancy, and long‑term appreciation potential.

Overview

The property at 120 S 79th Street is a fully renovated 10-unit multifamily asset located inside Houston’s inner loop. The property consists of nine updated one-bedroom/one-bath units and one fully renovated three-bedroom/one-bath unit. All units have undergone full renovations. Rents range from $775 to $1,380 (3-bedroom). The property is currently operating with a live-in manager under a favorable management agreement. The asset is strategically positioned just minutes from downtown Houston, major highways, and key employment drivers including the Port of Houston. The property size is 4,693 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$103.1k	$21.96
− Vacancy	−$6.4k	−$1.36
EGI	$96.7k	$20.60
− OpEx	−$43.5k	−$9.27
NOI	$53.2k	$11.33

4,693 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$759.5K

$664.6K – $886.1K (±1% cap)

NOI $53,168 @ 7.0% cap · market cap 7.09%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,474 @ 7.0% cap · market cap 11.26%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Houston
County: Fort Bend
State: Texas
Longitude: -95.2846834
Latitude: 29.7296266

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For sale
Apartment buildings
TX
Houston
77012
120 S 79th St

What type of property is this?

Apartment building - Fully renovated 10-unit multifamily property near downtown Houston.

Where is this apartment building located?

The property is located at 120 S 79th St Houston, TX.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Fully renovated units minimize capital expenditures and maximize tenant appeal.; Located inside Houston’s highly desirable inner loop, near downtown, major highways, and key employment drivers.; Strong mix of one‑bedroom and three‑bedroom units provides affordability and stabilized cash flow.