Renovated
New
For Sale
$644,990
17 Stiles Street, Houston, TX 77011
Four one-bedroom residences are supported by updated building systems and rear parking.
Property Size2,444 SF
Price / SF$263.91
Days on Market4
Property Features for 17 Stiles Street
General Information
Standard status
Active
Size
2,444 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Second Ward
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,924
Listing Agency:
Framework Properties
(281) 840-7604
Listed By:
Daniela Hernandez · License #0687563
(713) 570-6812
Source:
Exprealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:14PM
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 Framework Properties
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Investment Insights
Based on property information with market context.
The 2,444-square-foot fourplex contains four one-bedroom, one-bath units. Renovation work included electrical, plumbing, roofing, and HVAC system updates. Parking is available on the property, along with additional space behind the building.
Situated at 17 Stiles Street in Houston, the property combines a four-unit residential layout with recent improvements to major building systems.
Situated at 17 Stiles Street in Houston, the property combines a four-unit residential layout with recent improvements to major building systems.
Key Highlights
- Four units, each with one bedroom and one bathroom
- 2,444 square feet
- Updated electrical, plumbing, roof, and HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,011
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,220
$640.2K
Cap Rate 7%
$457,300
$457.3K
Cap Rate 9%
$355,678
$355.7K
Market Conditions
NOI Build-Up for 2,444 SF
Gross rent
$48.4K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$45.7K $18.71/SF
− OpEx
−$13.7K −$5.61/SF
NOI
$32.0K $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%
$640,220
Cap Rate 7%
$457,300
Cap Rate 9%
$355,678
Alternative Uses
Best Use
Multifamily LT 5
$457.3K
$400.1K – $533.5K
NOI $32,011 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$395.5K
$346.1K – $461.5K
NOI $27,688 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$628.5K
$549.9K – $733.2K
NOI $43,992 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
831
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences are supported by updated building systems and rear parking.
Where is this quadplex located?
The property is located at 17 Stiles Street Houston, TX.
What is the asking price?
The asking price for this property is $644,990.
What are key features of this property?
This property features: Four units, each with one bedroom and one bathroom; 2,444 square feet; Updated electrical, plumbing, roof, and HVAC systems
