Renovated 4-Unit
14147 Force Street, Houston, TX 77015
For Sale
New
$387,500
Each residence contains one bedroom and one bathroom, with the same layout throughout.
Property Size2,224 SF
Price / SF$174.24
Days on Market4
Property Features for 14147 Force Street
General Information
Standard status
Size
Property subtype
Lease Term
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Tenant in Place
Amenities
Electric
Microwave, Refrigerator
Building Details
Building Size
Year Built
Stories
Listing Agency:
Next Trend Realty LLC
Listed By:
Tarameshia Gordon
(832) 267-4562
Source:
Evrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 6:34AM
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 Next Trend Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1981, this four-unit residential property has undergone renovations across all units. Each residence offers a one-bedroom, one-bathroom layout, with fresh interior paint and new appliances.
Key Highlights
- Four residential units, each with 1 bedroom and 1 bathroom
- Renovations completed throughout all units
- Fresh paint and new appliances in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,129
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,580
$582.6K
Cap Rate 7%
$416,129
$416.1K
Cap Rate 9%
$323,656
$323.7K
Market Conditions
NOI Build-Up for 2,224 SF
Gross rent
$44.0K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$41.6K $18.71/SF
− OpEx
−$12.5K −$5.61/SF
NOI
$29.1K $13.10/SF
Area
Houston, TX
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,580
Cap Rate 7%
$416,129
Cap Rate 9%
$323,656
Alternative Uses
Best Use
Multifamily LT 5
$416.1K
$364.1K – $485.5K
NOI $29,129 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$359.9K
$315.0K – $419.9K
NOI $25,196 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$571.9K
$500.4K – $667.2K
NOI $40,032 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
408
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
$164,700
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Houston, TX
Properties on Market for Quadplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence contains one bedroom and one bathroom, with the same layout throughout.
Where is this quadplex located?
The property is located at 14147 Force Street Houston, TX.
What is the asking price?
The asking price for this property is $387,500.
What are key features of this property?
This property features: Four residential units, each with 1 bedroom and 1 bathroom; Renovations completed throughout all units; Fresh paint and new appliances in every unit
