18-Unit Apartment
For Sale
$849,500
1914 Binz Street 7, Houston, TX 77004
Three contiguous tracts provide multi-unit residential income property near public transit and Houston employment centers.
Property Size3,038 SF
Price / SF$279.62
Days on Market170
Property Features for 1914 Binz Street 7
General Information
Standard status
Active
Size
3,038 SF
Property subtype
Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
18
Taxes and HOA fees
Annual Taxes
$18,281
Amenities
Tile,Wood,Carpet,Hardwood
Yes
Window Coverings
Washer Hookup,Dryer Hookup
Appraiser
Window Treatments,Ceiling Fan(s)
Partial
Cleared,Near Public Transit
7800
One
Paved
3038
Building Details
Building Size
3,038 SF
Year Built
1942
Stories
2
Listing Agency:
Century 21 Garlington & Assoc.
(281) 444-5140
Listed By:
Melissa Erwin
(713) 248-1379
Source:
Garygreene
Added: Apr 21
Changed: Oct 6
Last Checked: Oct 5 at 5:02PM
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 Century 21 Garlington & Assoc.
Investment Insights
Based on property information with market context.
This apartment property combines three contiguous tracts at 5614 Chartres St #5, 1920 Binz St #6, and 1914 Binz St #7, with 18 income-producing units. The improvements date to 1942 and include tile, wood, carpet, and hardwood finishes, along with window coverings, ceiling fans, and washer and dryer hookups. The grounds are cleared and include paved areas.
Located in Houston’s Museum District, the property is near the Medical Center and Downtown. Access to Hwy 288 and the Metro Rail connects the site with major employment areas and surrounding destinations, including museums, parks, restaurants, and other cultural attractions.
Located in Houston’s Museum District, the property is near the Medical Center and Downtown. Access to Hwy 288 and the Metro Rail connects the site with major employment areas and surrounding destinations, including museums, parks, restaurants, and other cultural attractions.
Key Highlights
- 18 income‑producing units across three contiguous tracts
- Addresses include 5614 Chartres St #5, 1920 Binz St #6, and 1914 Binz St #7
- Improvements date to 1942
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,418
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,360
$688.4K
Cap Rate 7%
$491,686
$491.7K
Cap Rate 9%
$382,422
$382.4K
Market Conditions
NOI Build-Up for 3,038 SF
Gross rent
$66.7K $21.96/SF
− Vacancy
−$4.1K −$1.36/SF
EGI
$62.6K $20.60/SF
− OpEx
−$28.2K −$9.27/SF
NOI
$34.4K $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%
$688,360
Cap Rate 7%
$491,686
Cap Rate 9%
$382,422
Alternative Uses
Best Use
Apartment 5plus
$491.7K
$430.2K – $573.6K
NOI $34,418 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$781.2K
$683.6K – $911.4K
NOI $54,684 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,326
Businesses Nearby
Explore this area
Business Placement
Demographics for 77004, TX
37,005
Population
18,321
Households
2
Avg Household Size
31
Median Age
57%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
7,116
Density / Sq Mi
$65,901
Median Household Income
$55,909
Median Earnings
$1,320
Median Rent
$384,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three contiguous tracts provide multi-unit residential income property near public transit and Houston employment centers.
Where is this apartment building located?
The property is located at 1914 Binz Street 7 Houston, TX.
What is the asking price?
The asking price for this property is $849,500.
What are key features of this property?
This property features: 18 income‑producing units across three contiguous tracts; Addresses include 5614 Chartres St #5, 1920 Binz St #6, and 1914 Binz St #7; Improvements date to 1942
