5-Unit Apartment Building with
For Sale
$350,000
1211 Beacon Street # 10, Houston, TX 77015
A coin-operated laundry and individual electric meters serve the residential units.
Property Size2,828 SF
Price / SF$123.76
Days on Market101
Property Features for 1211 Beacon Street # 10
General Information
Standard status
Active
Size
2,828 SF
Property subtype
Multi Family,5 Plus
Occupancy
80%
Units
Unit Mix
4 x 1BR/1BA, 1 x efficiency
Multifamily Units
5
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,454
Amenities
coin-operated laundry room
Building Details
Building Size
2,828 SF
Year Built
1985
Tenancy
Multi
Listing Agency:
RE/MAX East
Listed By:
Rhonda Surovec · License #0474698
(713) 471-0219
Source:
Citybrixrealty
Added: Jul 23
Changed: Oct 27
Last Checked: Oct 31 at 2:31PM
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 RE/MAX East
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Investment Insights
Based on property information with market context.
This 2,828-square-foot apartment property, built in 1985, contains five units: four one-bedroom, one-bath apartments and one efficiency. Four units are occupied, and the occupied apartments have long-term tenants. Each unit has a separate electric meter, with residents responsible for their own electricity; water is included in rent. A coin-operated laundry room is equipped with a washer and dryer.
The property also includes a large metal workshop/garage and occupies three lots. These features complement the five-unit residential layout and provide additional space on the site.
The property also includes a large metal workshop/garage and occupies three lots. These features complement the five-unit residential layout and provide additional space on the site.
Key Highlights
- Five units: four one‑bedroom, one‑bath apartments and one efficiency
- 2,828 square feet; built in 1985
- Four of five units occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,039
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,780
$640.8K
Cap Rate 7%
$457,700
$457.7K
Cap Rate 9%
$355,989
$356.0K
Market Conditions
NOI Build-Up for 2,828 SF
Gross rent
$62.1K $21.96/SF
− Vacancy
−$3.9K −$1.36/SF
EGI
$58.3K $20.60/SF
− OpEx
−$26.2K −$9.27/SF
NOI
$32.0K $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 Rate 5%
$640,780
Cap Rate 7%
$457,700
Cap Rate 9%
$355,989
Alternative Uses
Best Use
Apartment 5plus
$457.7K
$400.5K – $534.0K
NOI $32,039 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$727.2K
$636.3K – $848.4K
NOI $50,904 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
5
Residential units
80%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Explore this area
Business Placement
Demographics for 77015, TX
57,106
Population
19,961
Households
2.9
Avg Household Size
31
Median Age
11%
College-Educated
70%
High-School Grad
20.7 sq mi
ZIP Area
2,759
Density / Sq Mi
$57,324
Median Household Income
$34,477
Median Earnings
$1,169
Median Rent
$164,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A coin-operated laundry and individual electric meters serve the residential units.
Where is this apartment building located?
The property is located at 1211 Beacon Street # 10 Houston, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Five units: four one‑bedroom, one‑bath apartments and one efficiency; 2,828 square feet; built in 1985; Four of five units occupied by long‑term tenants
