219 W 30th Street, Houston, TX 77018
Two main residences are complemented by a detached unit with a bedroom, full bath, and living area.
Property Features for 219 W 30th Street
General Information
Additional Details
Building Details
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Investment Insights
Based on property information with market context.
Located at 219 W 30th Street in Houston, the property offers access to Loop 610, Highway 290, I-10, and Downtown Houston. Built in 1940, the configuration provides three separate living areas within one property, including the detached garage apartment.
Key Highlights
- Two two‑bedroom, one‑bath main homes
- Detached garage apartment with bedroom, full bath, and living area
- Tenant in place till 1/31/28
Financial Insights For Multifamily LT 5
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 | $40.5k | $19.80 |
| − Vacancy | −$2.2k | −$1.09 |
| EGI | $38.2k | $18.71 |
| − OpEx | −$11.5k | −$5.61 |
| NOI | $26.8k | $13.10 |
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Demographics for 77018, TX
Market
Vacancy Rate% for Multifamily in South region