46-Unit Fully Leased
For Sale
Contact for pricing
7530 Canal St, Houston, TX 77012
46-unit multifamily building with 28 fully rehabbed units and a renovated exterior with outdoor amenities.
Property SizeContact for details
Days on Market122
Property Features for 7530 Canal St
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Additional Details
Cap Rate
7%
Multifamily Units
46
Amenities
playground
garden area
exterior lightning
sophisticated lightened signage
laundry
parking
Listing Agency:
Sanmore Investments
Listed By:
boris sanchez · License #9006906
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 12:59AM
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 Investments
Investment Insights
Based on property information with market context.
This is a 46-unit apartment building offered for sale and currently fully leased. According to the seller, 28 of the units have been completely rehabbed from the ground up, including granite countertops, high-quality laminate flooring, new sheetrock, updated paint, brand new double-pane windows, and new A/C and heating units. The exterior has also been renovated, with a playground and garden area, exterior lighting, and illuminated signage.
Additional sources of income include laundry and parking, grossing close to $2,000 per month, per the remarks. The property is at 7530 Canal St, Houston, TX 77012. The seller notes the pro forma supports $5MM at a 7% cap, and that the buyer must be able to assume a $2.7MM loan at 4.97% interest. For financial information and questions, contact Joel at 713.458.8686 or email Boris@san more.com.
Additional sources of income include laundry and parking, grossing close to $2,000 per month, per the remarks. The property is at 7530 Canal St, Houston, TX 77012. The seller notes the pro forma supports $5MM at a 7% cap, and that the buyer must be able to assume a $2.7MM loan at 4.97% interest. For financial information and questions, contact Joel at 713.458.8686 or email Boris@san more.com.
Key Highlights
- 46‑unit multifamily property in East Houston with all units currently fully leased.
- 28 units were completely rehabbed from the ground up, including new double‑pane windows, HVAC/AC‑heating units, sheetrock, and updated finishes.
- Unit mix: mostly 2 bed / 1 bath, with 1 one‑bed unit and 2 three‑bed units.
Property Analytics
Current Use
Lease Details
46
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
Demographics for 77012, TX
18,397
Population
6,867
Households
2.7
Avg Household Size
33
Median Age
10%
College-Educated
59%
High-School Grad
3.9 sq mi
ZIP Area
4,717
Density / Sq Mi
$48,287
Median Household Income
$34,012
Median Earnings
$944
Median Rent
$127,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 46-unit multifamily building with 28 fully rehabbed units and a renovated exterior with outdoor amenities.
Where is this apartment building located?
The property is located at 7530 Canal St Houston, TX.
What are key features of this property?
This property features: 46‑unit multifamily property in East Houston with all units currently fully leased.; 28 units were completely rehabbed from the ground up, including new double‑pane windows, HVAC/AC‑heating units, sheetrock, and updated finishes.; Unit mix: mostly 2 bed / 1 bath, with 1 one‑bed unit and 2 three‑bed units.
