Residential Income
For Sale
$498,000
2031 Oak Forest Drive A-B, Houston, TX 77018
Built in 2025, the property includes a range, disposal, microwave, dishwasher, and refrigerator.
Property Size2,006 SF
Price / SF$248.26
Days on Market18
Property Features for 2031 Oak Forest Drive A-B
General Information
Standard status
Active
Size
2,006 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Central Northwest
Amenities
Trash, Water
Electric
Range, Disposal, Microwave, Dishwasher, Refrigerator
Building Details
Building Size
2,006 SF
Year Built
2025
Stories
3
Listing Agency:
Walzel Properties - Corporate Office
Listed By:
Tina Vu
(832) 732-9772
Source:
Evrealestate
Added: Oct 9
Changed: Oct 16
Last Checked: Oct 24 at 5:38PM
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 Walzel Properties - Corporate Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 2031 Oak Forest Drive A-B in Houston, this residential income property was built in 2025 and measures 2,006 square feet. Interior features include electric service, a range, disposal, microwave, dishwasher, and refrigerator.
Key Highlights
- Built in 2025
- 2,006 square feet
- Kitchen includes a range, disposal, microwave, dishwasher, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,726
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,520
$454.5K
Cap Rate 7%
$324,657
$324.7K
Cap Rate 9%
$252,511
$252.5K
Market Conditions
NOI Build-Up for 2,006 SF
Gross rent
$44.1K $21.96/SF
− Vacancy
−$2.7K −$1.36/SF
EGI
$41.3K $20.60/SF
− OpEx
−$18.6K −$9.27/SF
NOI
$22.7K $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%
$454,520
Cap Rate 7%
$324,657
Cap Rate 9%
$252,511
Alternative Uses
Best Use
Apartment 5plus
$324.7K
$284.1K – $378.8K
NOI $22,726 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$515.8K
$451.4K – $601.8K
NOI $36,108 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,431
Businesses Nearby
Explore this area
Business Placement
Demographics for 77018, TX
27,870
Population
13,335
Households
2.1
Avg Household Size
38
Median Age
60%
College-Educated
92%
High-School Grad
6.8 sq mi
ZIP Area
4,099
Density / Sq Mi
$121,658
Median Household Income
$75,487
Median Earnings
$1,256
Median Rent
$543,800
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Built in 2025, the property includes a range, disposal, microwave, dishwasher, and refrigerator.
Where is this residential income property located?
The property is located at 2031 Oak Forest Drive A-B Houston, TX.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: Built in 2025; 2,006 square feet; Kitchen includes a range, disposal, microwave, dishwasher, and refrigerator
