Condo in Gated Houston
For Sale
$139,000
3754 Tanglewilde St 9, Houston, TX 77063
Two-bedroom condo with upgrades, convenient location, and community amenities.
Property Size1,031 SF
Lot Size2.85 Acres
Days on Market270
Property Features for 3754 Tanglewilde St 9
General Information
Standard status
Active
Size
1,031 SF
Lot size
2.85 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$1,946
Building Details
Building Size
1,031 SF
Year Built
1981
Stories
2
Listing Agency:
FOREVER REALTY, LLC
(713) 299-4773
Listed By:
Xue Yang
(713) 299-4773
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 13
Last Checked: Aug 24 at 6:40AM
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 FOREVER REALTY, LLC
Investment Insights
Based on property information with market context.
Located in the gated Cedar Creek Condo community in Houston, this property features two bedrooms, one bathroom, and a wet bar on the first floor. The unit has been newly painted and includes upgrades. Assigned covered parking is provided. Community amenities include a swimming pool and community hall for events. The property is conveniently located near shopping, dining, entertainment, and major thoroughfares, including the Galleria, 610, and 59. The property is currently tenant-occupied and is for investors only.
Key Highlights
- Gated community in a central Houston location.
- Features two bedrooms and one bathroom.
- Enjoy the convenience of assigned covered parking.
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
$11,680
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
8.40%
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%
$233,600
$233.6K
Cap Rate 7%
$166,857
$166.9K
Cap Rate 9%
$129,778
$129.8K
Market Conditions
NOI Build-Up for 1,031 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
$22.6K $21.96/SF
− Vacancy
−$1.4K −$1.36/SF
EGI
$21.2K $20.60/SF
− OpEx
−$9.6K −$9.27/SF
NOI
$11.7K $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%
$233,600
Cap Rate 7%
$166,857
Cap Rate 9%
$129,778
Alternative Uses
Best Use
Apartment 5plus
$166.9K
$146.0K – $194.7K
NOI $11,680 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.1K
$232.0K – $309.3K
NOI $18,558 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,135
Businesses Nearby
Explore this area
Business Placement
Demographics for 77063, TX
38,298
Population
22,625
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,511
Density / Sq Mi
$54,509
Median Household Income
$40,346
Median Earnings
$1,334
Median Rent
$281,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom condo with upgrades, convenient location, and community amenities.
Where is this apartment building located?
The property is located at 3754 Tanglewilde St 9 Houston, TX.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Gated community in a central Houston location.; Features **two bedrooms and one bathroom.**; Enjoy the convenience of **assigned covered parking.**
