10-Unit Apartment
For Sale
$700,000
7109 Avenue E # 12, Houston, TX 77011
All ten apartments are currently leased, providing an occupied multifamily property in Houston’s EaDo area.
Property Size2,700 SF
Price / SF$259.26
Days on Market591
Property Features for 7109 Avenue E # 12
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Multi Family,Quadruplex
Occupancy
100%
Site & Location
Neighborhood
Magnolia Park
Additional Details
Gross Income
$104,400
Multifamily Units
10
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,502
Building Details
Building Size
2,700 SF
Year Built
1930
Listing Agency:
Beycome Brokerage Realty, LLC
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Source:
Bethwolff
Added: Mar 24, 2025
Changed: Nov 2
Last Checked: Nov 4 at 6:07AM
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 Beycome Brokerage Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1930, this Houston multifamily property contains 10 apartments. The units are currently leased, and the property is located in the East Downtown area, also known as EaDo.
Key Highlights
- 10 apartment units
- All units are currently leased
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,589
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,780
$611.8K
Cap Rate 7%
$436,986
$437.0K
Cap Rate 9%
$339,878
$339.9K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$59.3K $21.96/SF
− Vacancy
−$3.7K −$1.36/SF
EGI
$55.6K $20.60/SF
− OpEx
−$25.0K −$9.27/SF
NOI
$30.6K $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%
$611,780
Cap Rate 7%
$436,986
Cap Rate 9%
$339,878
Alternative Uses
Best Use
Apartment 5plus
$437.0K
$382.4K – $509.8K
NOI $30,589 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$694.3K
$607.5K – $810.0K
NOI $48,600 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Explore this area
Business Placement
Demographics for 77011, TX
16,841
Population
7,366
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
59%
High-School Grad
3.4 sq mi
ZIP Area
4,953
Density / Sq Mi
$49,163
Median Household Income
$36,517
Median Earnings
$1,063
Median Rent
$187,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - All ten apartments are currently leased, providing an occupied multifamily property in Houston’s EaDo area.
Where is this apartment building located?
The property is located at 7109 Avenue E # 12 Houston, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 10 apartment units; All units are currently leased; Built in 1930
