18-Unit Apartment
For Sale
$849,000
1920 Binz St Unit 6, Houston, TX 77004
Three contiguous tracts combine residential units with access to Houston’s Museum District, the Medical Center, Downtown, and Metro Rail.
Property Size3,684 SF
Price / SF$230.46
Days on Market49
Property Features for 1920 Binz St Unit 6
General Information
Standard status
Active
Size
3,684 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Museum Park
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
18
Building Details
Year Built
1942
Listing Agency:
World Wide Realty,LLC
Listed By:
Yolanda Jones · License #0535796
(832) 654-4559
Source:
Thebandpteam
Added: Sep 19
Changed: Nov 4
Last Checked: Nov 4 at 5:09PM
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 brings together three contiguous tracts at 5614 Chartres St #5, 1920 Binz St #6, and 1914 Binz St #7. The properties contain 18 income-producing units and were built in 1942, offering an established multifamily configuration across multiple addresses.
The assets are located in Houston’s Museum District, with access to the Medical Center and Downtown employment hubs. Highway 288 and the Metro Rail are nearby, along with museums, parks, restaurants, and other cultural destinations. The surrounding setting combines residential demand drivers with access to major employment and transportation connections.
The assets are located in Houston’s Museum District, with access to the Medical Center and Downtown employment hubs. Highway 288 and the Metro Rail are nearby, along with museums, parks, restaurants, and other cultural destinations. The surrounding setting combines residential demand drivers with access to major employment and transportation connections.
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
- Located in Houston’s Museum District
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
Who owns this building?
See the owner, sales and loan history
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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
Properties on Market for Apartment buildings in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Three contiguous tracts combine residential units with access to Houston’s Museum District, the Medical Center, Downtown, and Metro Rail.
Where is this apartment building located?
The property is located at 1920 Binz St Unit 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 units across three contiguous tracts; Addresses include 5614 Chartres St #5, 1920 Binz St #6, and 1914 Binz St #7; Located in Houston’s Museum District
