21-Unit Multifamily
For Sale
$1,100,000
13931 Hillsboro St, Houston, TX 77015
Well-maintained 21-unit multifamily community built in 1984 and currently more than 90% occupied.
Property SizeContact for details
Days on Market99
Property Features for 13931 Hillsboro St
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
91%
Additional Details
Cap Rate
5.7%
Highway Access
Yes
Multifamily Units
21
Amenities
Attractive $52,000-Per-Unit Basis — A compelling entry point that positions investors well below replacement cost and supports a favorable long-term investment basis.
Stable Occupancy with Rent Upside — Occupancy above 90% provides dependable in-place revenue, while below-market rents offer a clear opportunity to increase income over time.
Desirable 1984 Vintage and Accessible Location — Well-maintained 1980s construction and convenient access to I10 strengthen the property's competitive position within the Cloverleaf submarket
Building Details
Year Built
1984
Units
21
Listing Agency:
Houston Office
Listed By:
Joshua Kasali · License #License(s): TX: 765958
(713) 452-4260
Source:
Marcusmillichap
Added: Jul 29
Changed: Oct 26
Last Checked: Nov 3 at 3:08AM
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
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Investment Insights
Based on property information with market context.
Panama Estates is a well-maintained 21-unit multifamily community in Houston, Texas. The property was built in 1984 and is currently more than 90% occupied, supporting in-place operations.
Located at 13931 Hillsboro Street in the Cloverleaf area, Panama Estates offers convenient access to Interstate 10 and major East Houston employment centers. This combination of established occupancy and day-to-day functionality makes the community well-suited for investors seeking a stabilized multifamily asset.
The offering also notes additional room to improve rents, reflecting potential for continued operational refinement while maintaining a strong current occupancy level.
Located at 13931 Hillsboro Street in the Cloverleaf area, Panama Estates offers convenient access to Interstate 10 and major East Houston employment centers. This combination of established occupancy and day-to-day functionality makes the community well-suited for investors seeking a stabilized multifamily asset.
The offering also notes additional room to improve rents, reflecting potential for continued operational refinement while maintaining a strong current occupancy level.
Key Highlights
- 21‑unit multifamily community at 13931 Hillsboro Street
- Built in 1984
- Currently more than 90% occupied
Property Analytics
Who owns this building?
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Lease Details
21
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 21-unit multifamily community built in 1984 and currently more than 90% occupied.
Where is this apartment building located?
The property is located at 13931 Hillsboro St Houston, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 21‑unit multifamily community at 13931 Hillsboro Street; Built in 1984; Currently more than 90% occupied
