Small Multifamily Income
For Sale
$850,000
7914 Norvic St, Houston, TX 77029
Small multifamily asset in Houston offering stabilized income through participation in the Harris County Section 8 program.
Property SizeContact for details
Days on Market115
Property Features for 7914 Norvic St
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
95%
Additional Details
Cap Rate
8.5%
Amenities
Attractive In-Place Yield: Offered at an 8.5% cap rate, delivering strong day-one cash flow.
Stable Section 8 Income: Backed by the Harris County Housing Authority, providing consistent and reliable rent collections.
Quiet, Infill Location: Situated in a low-density pocket just east of the Loop, offering strong tenant demand with neighborhood appeal.
Building Details
Units
11
Listing Agency:
Houston Office
Listed By:
Joshua Kasali · License #License(s): TX: 765958
(713) 452-4260
Source:
Marcusmillichap
Added: May 14
Changed: Aug 8
Last Checked: Sep 4 at 2:13AM
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 Houston Office
Investment Insights
Based on property information with market context.
Marcus & Millichap presents 7914 Norvic St., a small multifamily income-producing property in Houston. The offering is described as stabilized, with durable cash flow supported by participation in the Harris County Section 8 program.
The property is located in a quiet residential enclave just east of the Loop, balancing neighborhood character with convenient access to major employment corridors.
The current offering notes consistent demand for affordable housing and predictable income streams, positioning the asset as a yield-focused investment.
The property is located in a quiet residential enclave just east of the Loop, balancing neighborhood character with convenient access to major employment corridors.
The current offering notes consistent demand for affordable housing and predictable income streams, positioning the asset as a yield-focused investment.
Key Highlights
- Small multifamily asset in Houston, TX
- Stabilized income with participation in the Harris County Section 8 program
- Offered at an 8.60% cap rate
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Explore this area
Business Placement
Demographics for 77029, TX
17,044
Population
6,386
Households
2.7
Avg Household Size
36
Median Age
9%
College-Educated
62%
High-School Grad
10.6 sq mi
ZIP Area
1,608
Density / Sq Mi
$49,601
Median Household Income
$32,614
Median Earnings
$1,129
Median Rent
$115,400
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?
Multifamily property - Small multifamily asset in Houston offering stabilized income through participation in the Harris County Section 8 program.
Where is this multifamily property located?
The property is located at 7914 Norvic St Houston, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Small multifamily asset in Houston, TX; Stabilized income with participation in the Harris County Section 8 program; Offered at an 8.60% cap rate
