Remodeled 8-Unit Apartment
New
For Sale
$650,000
14039 Eagle Pass Street, Houston, TX 77015
Two-bedroom apartments each include one bath and assigned parking, with major building improvements completed.
Property Size4,450 SF
Lot Size0.24 Acres
Price / SF$146.07
Days on Market4
Property Features for 14039 Eagle Pass Street
General Information
Standard status
Active
Size
4,450 SF
Lot size
0.24 Acres
Property subtype
Multi Family,5 Plus
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$12,405
Building Details
Building Size
4,450 SF
Year Built
1981
Buildings
1
Stories
2
Listing Agency:
Realty Of America, LLC
Listed By:
Danny Garcia · License #0563028
(832) 545-0236
Source:
Livingvoguerealestate
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 10:04AM
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 Realty Of America, 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.
This two-story apartment property contains eight units, each configured with two bedrooms and one bathroom. The building totals 4,450 square feet on a 10,500-square-foot lot and was built in 1981. Every apartment has been remodeled, and assigned parking is provided for each unit.
Building work includes a replacement roof, HVAC, staircase, outdoor lighting, and a concrete driveway with upgraded drainage. The consistent unit layout and completed improvements define the property’s current physical configuration.
Building work includes a replacement roof, HVAC, staircase, outdoor lighting, and a concrete driveway with upgraded drainage. The consistent unit layout and completed improvements define the property’s current physical configuration.
Key Highlights
- Eight apartments, each with 2 bedrooms and 1 bath
- Two‑story building with 4,450 square feet on a 10,500‑square‑foot lot
- All units remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,415
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,300
$1.0M
Cap Rate 7%
$720,214
$720.2K
Cap Rate 9%
$560,167
$560.2K
Market Conditions
NOI Build-Up for 4,450 SF
Gross rent
$97.7K $21.96/SF
− Vacancy
−$6.1K −$1.36/SF
EGI
$91.7K $20.60/SF
− OpEx
−$41.2K −$9.27/SF
NOI
$50.4K $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%
$1,008,300
Cap Rate 7%
$720,214
Cap Rate 9%
$560,167
Alternative Uses
Best Use
Apartment 5plus
$720.2K
$630.2K – $840.3K
NOI $50,415 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$1.00M – $1.34M
NOI $80,100 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
456
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom apartments each include one bath and assigned parking, with major building improvements completed.
Where is this apartment building located?
The property is located at 14039 Eagle Pass Street Houston, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Eight apartments, each with 2 bedrooms and 1 bath; Two‑story building with 4,450 square feet on a 10,500‑square‑foot lot; All units remodeled
