14827 Mittlestedt Champions Dr Houston, TX 77069
Multifamily property in the Champions submarket of Northwest Houston.
Property Features for 14827 Mittlestedt Champions Dr
General Information
- Standard status
- Active
- Size
- 74,850 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2011
Listing office Partners (713) 316-7059
Listing date Mar 11, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Partners
Investment Insights
Based on property information with market context.
Key Highlights
- Excellent location in the established Champions submarket of Northwest Houston, known for its residential character and green spaces.
- Convenient access to major employment centers including the Energy Corridor, The Woodlands, and George Bush Intercontinental Airport.
- Served by the highly‑regarded Klein Independent School District.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.64M | $21.96 |
| − Vacancy | −$101.9k | −$1.36 |
| EGI | $1.54M | $20.60 |
| − OpEx | −$693.8k | −$9.27 |
| NOI | $848.0k | $11.33 |
