Contiguous 18-Unit Multifamily
1920 Binz Street 6 Houston, TX 77004
For Sale
$849,000
Three contiguous tracts totaling 18 income-producing units are offered for sale, including 1920 Binz St #6.
Property Size3,684 SF
Price / SF$230.46
Days on Market97
Property Features for 1920 Binz Street 6
General Information
- Standard status
- Active
- Size
- 3,684 SF
- Property subtype
- Income
Building Details
- Year Built
- 1942
Listing Agency:
World Wide Realty,LLC
(832) 239-7934
Listed By:
Ana Tallackson
(832) 239-7934
Source:
Garygreene
Added: Apr 21
Changed: Jul 24
Last Checked: Jul 26 at 3:29AM
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 World Wide Realty,LLC
Investment Insights
Based on property information with market context.
This offering combines three contiguous tracts—614 Chartres St #5, 1920 Binz St #6, and 1914 Binz St #7—together providing 18 income-producing units. The listing notes that measurements should be verified, with the seller encouraging buyers to call the agent for details.
The property is presented as an investment opportunity within Houston’s Museum District, with residents described as having quick access to Hwy 288 and the Metro Rail, along with nearby museums, parks, restaurants, and cultural destinations.
For buyers and brokers seeking multiple units within a single package, this combined, contiguous multifamily portfolio offers a straightforward structure tied to the three addresses listed above.
The property is presented as an investment opportunity within Houston’s Museum District, with residents described as having quick access to Hwy 288 and the Metro Rail, along with nearby museums, parks, restaurants, and cultural destinations.
For buyers and brokers seeking multiple units within a single package, this combined, contiguous multifamily portfolio offers a straightforward structure tied to the three addresses listed above.
Key Highlights
- Three contiguous tracts for sale: 614 Chartres St #5, 1920 Binz St #6, and 1914 Binz St #7
- 18 income‑producing units total across the contiguous tracts
- Year built: 1942
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 | $80.9k | $21.96 |
| − Vacancy | −$5.0k | −$1.36 |
| EGI | $75.9k | $20.60 |
| − OpEx | −$34.1k | −$9.27 |
| NOI | $41.7k | $11.33 |
3,684 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$596.2K
$521.7K – $695.6K
NOI $41,737 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$947.3K
$828.9K – $1.11M
NOI $66,312 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Three contiguous tracts totaling 18 income-producing units are offered for sale, including 1920 Binz St #6.
Where is this apartment building located?
The property is located at 1920 Binz Street 6 Houston, TX.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Three contiguous tracts for sale: 614 Chartres St #5, 1920 Binz St #6, and 1914 Binz St #7; 18 income‑producing units total across the contiguous tracts; Year built: 1942
