Five Remodeled Condos in
For Sale
$420,000
12955 Woodforest Boulevard # 53, Houston, TX 77015
Five remodeled one-bedroom condos in a gated community.
Property Size3,356 SF
Days on Market404
Property Features for 12955 Woodforest Boulevard # 53
General Information
Standard status
Active
Size
3,356 SF
Property subtype
Multi Family,Multiple Detached Dwellings
Taxes and HOA fees
Annual Taxes
$6,814
Building Details
Building Size
3,356 SF
Year Built
1980
Listing Agency:
Soluna Realty
Listed By:
Roger Pallas-Nieto · License #0612663
(409) 767-0315
Source:
Mpowerrealtygroup
Added: Sep 6, 2025
Changed: Oct 9
Last Checked: Oct 13 at 3:46AM
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 Soluna Realty
Investment Insights
Based on property information with market context.
The property consists of five condominium units, each featuring one bedroom and one bathroom. All units have been remodeled and are currently leased. Located within a gated community on Woodforest Boulevard, residents have access to a pool and assigned covered parking. Each remodeled unit includes new A/C, wood floors, granite kitchen countertops, stainless steel appliances, a washer and dryer, a refrigerator, and upgraded bathrooms with new bathtubs, sliding glass doors, and vanities. The units are identified as #4, #22, #38, #41, and #65.
Key Highlights
- Package of 5 fully remodeled condos.
- All units are currently leased.
- Each unit features new A/C, wood floors, granite kitchen countertops, stainless steel appliances, washer and dryer, and refrigerator.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,021
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,420
$760.4K
Cap Rate 7%
$543,157
$543.2K
Cap Rate 9%
$422,456
$422.5K
Market Conditions
NOI Build-Up for 3,356 SF
Gross rent
$73.7K $21.96/SF
− Vacancy
−$4.6K −$1.36/SF
EGI
$69.1K $20.60/SF
− OpEx
−$31.1K −$9.27/SF
NOI
$38.0K $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%
$760,420
Cap Rate 7%
$543,157
Cap Rate 9%
$422,456
Alternative Uses
Best Use
Apartment 5plus
$543.2K
$475.3K – $633.7K
NOI $38,021 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$863.0K
$755.1K – $1.01M
NOI $60,408 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
220
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five remodeled one-bedroom condos in a gated community.
Where is this apartment building located?
The property is located at 12955 Woodforest Boulevard # 53 Houston, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Package of 5 fully remodeled condos.; All units are currently leased.; Each unit features new A/C, wood floors, granite kitchen countertops, stainless steel appliances, washer and dryer, and refrigerator.
