18-Unit Apartment
New
For Sale
$849,000
1920 Binz St 6, Houston, TX 77004
Three adjoining tracts in Houston’s Museum District contain income-producing apartment units.
Property Size3,684 SF
Days on Market5
Property Features for 1920 Binz St 6
General Information
Standard status
Active
Size
3,684 SF
Property subtype
Investment
Lease Term
12 months
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
18
Taxes and HOA fees
Annual Taxes
$19,139
Building Details
Building Size
3,684 SF
Year Built
1942
Stories
2
Units
2
Listing Agency:
World Wide Realty, LLC
Listed By:
Yolanda Jones · License #0535796
(832) 654-4559
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 9:44AM
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
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Investment Insights
Based on property information with market context.
This apartment portfolio comprises 18 income-producing units across three contiguous tracts: 5614 Chartres St #5, 1920 Binz St #6, and 1914 Binz St #7. The buildings date to 1942.
The properties are in Houston’s Museum District, with access to Hwy 288 and Metro Rail. The Medical Center and Downtown are identified as nearby employment centers; museums, parks, restaurants, and cultural destinations are also in the surrounding area.
The properties are in Houston’s Museum District, with access to Hwy 288 and Metro Rail. The Medical Center and Downtown are identified as nearby employment centers; museums, parks, restaurants, and cultural destinations are also in the surrounding area.
Key Highlights
- 18 income‑producing apartment units across three contiguous tracts
- Addresses include 5614 Chartres St #5, 1920 Binz St #6, and 1914 Binz St #7
- Buildings date to 1942
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,737
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,740
$834.7K
Cap Rate 7%
$596,243
$596.2K
Cap Rate 9%
$463,744
$463.7K
Market Conditions
NOI Build-Up for 3,684 SF
Gross rent
$80.9K $21.96/SF
− Vacancy
−$5.0K −$1.36/SF
EGI
$75.9K $20.60/SF
− OpEx
−$34.1K −$9.27/SF
NOI
$41.7K $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%
$834,740
Cap Rate 7%
$596,243
Cap Rate 9%
$463,744
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
Frequently Asked Questions
What type of property is this?
Apartment building - Three adjoining tracts in Houston’s Museum District contain income-producing apartment units.
Where is this apartment building located?
The property is located at 1920 Binz St 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: 18 income‑producing apartment units across three contiguous tracts; Addresses include 5614 Chartres St #5, 1920 Binz St #6, and 1914 Binz St #7; Buildings date to 1942
