Renovated 21-Unit Rental
3809 Wipprecht St Houston, TX 77026
3809 Wipprecht St, Houston, TX, 77026
$2,200,000
For Sale
$2,200,000
Fully renovated, 21-unit detached rental-home community with standalone 2BR/1BA homes and private entries.
Property Size15,880 SF
Lot Size1.03 Acres
Price / SF$138.54
Days on Market49
Property Features for 3809 Wipprecht St
General Information
- Standard status
- Active
- Size
- 15,880 SF
- Lot size
- 1.03 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1960
Listing agency
SANMORE REALTY
(713) 885-1292
Listed by
Federico Medina · License #TX 796355
(713) 885-1292
Source
Elliman
Added: Jun 4 Updated: Jul 22 at 3:27AM Checked: Jul 22 at 3:27AM
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 SANMORE REALTY
Investment Insights
Based on property information with market context.
Wipprecht Village Homes is a fully renovated, detached rental-home community with 21 units. Each home is a standalone 2BR/1BA layout with a private entry and dedicated parking. The property was fully gutted and rehabbed in 2023, including new roofs, electrical, plumbing, mechanicals, updated kitchens and bathrooms, flooring, cabinetry, fixtures, and mini-split HVAC systems.
Units are served with separate electric and water meters and include washer/dryer connections. The property is described as having reduced shared-wall exposure and no gas.
The community consists of 21 distinct rental homes on an approximately 1.03-acre site, totaling approximately 15,880 SF of building area, according to the provided information.
Units are served with separate electric and water meters and include washer/dryer connections. The property is described as having reduced shared-wall exposure and no gas.
The community consists of 21 distinct rental homes on an approximately 1.03-acre site, totaling approximately 15,880 SF of building area, according to the provided information.
Key Highlights
- Fully renovated 21‑unit detached rental‑home community in Houston (77026 corridor), built in 1960
- Standalone 2BR/1BA homes: each unit has a private entry and dedicated parking
- Gutted and rehabbed in 2023 with new roofs plus updated electrical, plumbing, mechanicals, kitchens, bathrooms, and flooring
Local 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 | $348.7k | $21.96 |
| − Vacancy | −$21.6k | −$1.36 |
| EGI | $327.1k | $20.60 |
| − OpEx | −$147.2k | −$9.27 |
| NOI | $179.9k | $11.33 |
15,880 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.57M
$2.25M – $3.00M
NOI $179,907 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,840 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Fully renovated, 21-unit detached rental-home community with standalone 2BR/1BA homes and private entries.
Where is this apartment building located?
The property is located at 3809 Wipprecht St Houston, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Fully renovated 21‑unit detached rental‑home community in Houston (77026 corridor), built in 1960; Standalone 2BR/1BA homes: each unit has a private entry and dedicated parking; Gutted and rehabbed in 2023 with new roofs plus updated electrical, plumbing, mechanicals, kitchens, bathrooms, and flooring
