Furnished Eight-Unit Apartment
For Sale
$1,249,999
Pending
2013 Ellis School Road, Baytown, TX 77521
Two-story buildings offer furnished residences with private laundry and separately metered utilities.
Property Size8,352 SF
Days on Market57
Property Features for 2013 Ellis School Road
General Information
Standard status
Pending
Size
8,352 SF
Property subtype
Multi-Family
Units
Unit Mix
8 x 3BR/2BA
Multifamily Units
8
Additional Details
Furnished
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$19,064
Amenities
in-unit washer and dryer
individual A/C systems
Tile,Wood,Carpet,Hardwood
Yes
2
Furnished
3
Window Coverings
tx.membership@exprealty.com
Washer Hookup,Dryer Hookup
Appraiser
Balcony,Furnished,Granite Counters,Handicap Access,Window Treatments
Partial
43560
Electric Gate,Paved
8352
Building Details
Building Size
8,352 SF
Year Built
2011
Buildings
2
Stories
2
Listing Agency:
eXp Realty, LLC
(281) 646-1136
Listed By:
Bob Miles
(281) 797-1600
Source:
Garygreene
Added: Aug 12
Changed: Oct 6
Last Checked: Oct 5 at 3:29PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2011, the property comprises two two-story apartment buildings with four residences per building, totaling eight units. Each residence follows the same three-bedroom, two-bath layout with a living room, kitchen, dining area, and in-unit washer and dryer. Units are furnished, with most furniture and décor conveying subject to exclusions. Eight individual A/C systems serve the residences, and each unit has separately metered utilities.
A completed slab is already in place for a potential third building, providing a defined expansion site within the property. The asset is currently operated as Airbnb rentals and is located at 2013 Ellis School Rd in Baytown, Texas. The property is identified as never flooded in the available property information.
A completed slab is already in place for a potential third building, providing a defined expansion site within the property. The asset is currently operated as Airbnb rentals and is located at 2013 Ellis School Rd in Baytown, Texas. The property is identified as never flooded in the available property information.
Key Highlights
- Eight total apartment units in two buildings, with four residences per building
- Each unit includes 3 bedrooms, 2 full bathrooms, kitchen, dining area, and in‑unit washer and dryer
- Furnished residences; most furniture and décor convey, subject to exclusions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,374
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,107,480
$1.1M
Cap Rate 7%
$791,057
$791.1K
Cap Rate 9%
$615,267
$615.3K
Market Conditions
NOI Build-Up for 8,352 SF
Gross rent
$111.2K $13.32/SF
− Vacancy
−$10.6K −$1.27/SF
EGI
$100.7K $12.05/SF
− OpEx
−$45.3K −$5.42/SF
NOI
$55.4K $6.63/SF
Area
Harris County, TX
Vacancy
9.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,107,480
Cap Rate 7%
$791,057
Cap Rate 9%
$615,267
Alternative Uses
Best Use
Apartment 5plus
$791.1K
$692.2K – $922.9K
NOI $55,374 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,637 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
Demographics for 77521, TX
65,058
Population
25,131
Households
2.6
Avg Household Size
33
Median Age
18%
College-Educated
82%
High-School Grad
49.3 sq mi
ZIP Area
1,320
Density / Sq Mi
$76,012
Median Household Income
$45,522
Median Earnings
$1,312
Median Rent
$220,100
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 - Two-story buildings offer furnished residences with private laundry and separately metered utilities.
Where is this apartment building located?
The property is located at 2013 Ellis School Road Baytown, TX.
What is the asking price?
The asking price for this property is $1,249,999.
What are key features of this property?
This property features: Eight total apartment units in two buildings, with four residences per building; Each unit includes 3 bedrooms, 2 full bathrooms, kitchen, dining area, and in‑unit washer and dryer; Furnished residences; most furniture and décor convey, subject to exclusions
