4-Unit Residential Income
For Sale
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175 W 6th Street #A, Kemah, TX 77565
Each residence offers two bedrooms, two bathrooms, in-unit laundry, parking, and private storage.
Property Size1,100 SF
Price / SF$1.68
Days on Market8
Property Features for 175 W 6th Street #A
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Multi Family Home
Lease Term
1 Year
Units
Multifamily Units
4
Parking per Unit
2
Additional Details
Highway Access
Yes
Amenities
in-unit washer/dryer
golf cart parking with charging
private storage
covered parking
Building Details
Building Size
1,100 SF
Year Built
2024
Stories
1
Listing Agency:
NB Elite Realty
(844) 444-6237
Listed By:
Ishmael Draper · License #0599816
(281) 605-8940
Source:
Capricemichelle
Added: Oct 16
Changed: Oct 22
Last Checked: Oct 22 at 2:38PM
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 NB Elite Realty
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Investment Insights
Based on property information with market context.
Built in 2024, this fourplex contains four residences with two bedrooms and two bathrooms each. Each unit has an in-unit washer and dryer, two parking spaces, and private storage. Golf cart parking with charging is also provided, and the featured unit includes covered parking. The property measures 1,100 square feet.
The property is less than one mile from Kemah Boardwalk. Nearby destinations named include NASA, HCA Clear Lake, Memorial Hermann Southeast, University of Houston–Clear Lake, and Baybrook Mall. Access to Highway 146 and the Kemah bridge is also noted.
The property is less than one mile from Kemah Boardwalk. Nearby destinations named include NASA, HCA Clear Lake, Memorial Hermann Southeast, University of Houston–Clear Lake, and Baybrook Mall. Access to Highway 146 and the Kemah bridge is also noted.
Key Highlights
- Fourplex built in 2024
- Four units, each with 2 bedrooms and 2 bathrooms
- Each unit has in‑unit washer and dryer, private storage, and 2 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$748,769
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,975,380
$15.0M
Cap Rate 7%
$10,696,700
$10.7M
Cap Rate 9%
$8,319,656
$8.3M
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$1.54M $1,400.04/SF
− Vacancy
−$178.6K −$162.40/SF
EGI
$1.36M $1,237.64/SF
− OpEx
−$612.6K −$556.94/SF
NOI
$748.8K $680.70/SF
Area
Galveston County, TX
Vacancy
11.60%
Lease Rate
$1,400.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,975,380
Cap Rate 7%
$10,696,700
Cap Rate 9%
$8,319,656
Alternative Uses
Best Use
Apartment 5plus
$10.70M
$9.36M – $12.48M
NOI $748,769 @ 7.0% cap · market cap 40,474.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$12.33M
$10.79M – $14.39M
NOI $863,284 @ 7.0% cap · market cap 46,664.00%
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
749
Businesses Nearby
Explore this area
Business Placement
Demographics for 77565, TX
6,966
Population
3,304
Households
2.1
Avg Household Size
47
Median Age
42%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
1,935
Density / Sq Mi
$85,726
Median Household Income
$54,877
Median Earnings
$1,667
Median Rent
$376,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Each residence offers two bedrooms, two bathrooms, in-unit laundry, parking, and private storage.
Where is this residential income property located?
The property is located at 175 W 6th Street #A Kemah, TX.
What are key features of this property?
This property features: Fourplex built in 2024; Four units, each with 2 bedrooms and 2 bathrooms; Each unit has in‑unit washer and dryer, private storage, and 2 parking spaces
