Three-Home Brick Multifamily
For Sale
$299,950
2311 Kabee St, Houston, TX 77020
Three detached residences share a sizable parcel, with private outdoor space and nearly full occupancy.
Property Size2,331 SF
Price / SF$128.68
Days on Market59
Property Features for 2311 Kabee St
General Information
Standard status
Active
Size
2,331 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Greater Fifth Ward
Additional Details
Multifamily Units
3
Building Details
Year Built
1950
Buildings
3
Stories
1
Construction
brick
Listing Agency:
Premier Properties
Listed By:
Vicki Lacy · License #0540954
(832) 585-6879
Source:
Thepikoffteam
Added: Aug 28
Changed: Oct 11
Last Checked: Oct 7 at 5:17PM
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 Premier Properties
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Investment Insights
Based on property information with market context.
This multifamily property comprises 3 separate, single-story brick homes, each accompanied by its own backyard. Built in 1950, the residences sit on a large lot and are reported as almost 100% occupied. The configuration provides three distinct dwelling units within one property.
The property is located at 2311 Kabee St in Houston, with proximity to Downtown, the University of Houston, and the East River Project. Nearby development includes newer-construction homes. The property is outside a flood area and has no HOA. WalkScore is 48, BikeScore is 58, and TransitScore is 44.
The property is located at 2311 Kabee St in Houston, with proximity to Downtown, the University of Houston, and the East River Project. Nearby development includes newer-construction homes. The property is outside a flood area and has no HOA. WalkScore is 48, BikeScore is 58, and TransitScore is 44.
Key Highlights
- 3 individual single‑story brick homes
- Almost 100% occupied
- Each residence includes its own backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,408
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,160
$528.2K
Cap Rate 7%
$377,257
$377.3K
Cap Rate 9%
$293,422
$293.4K
Market Conditions
NOI Build-Up for 2,331 SF
Gross rent
$51.2K $21.96/SF
− Vacancy
−$3.2K −$1.36/SF
EGI
$48.0K $20.60/SF
− OpEx
−$21.6K −$9.27/SF
NOI
$26.4K $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%
$528,160
Cap Rate 7%
$377,257
Cap Rate 9%
$293,422
Alternative Uses
Best Use
Apartment 5plus
$377.3K
$330.1K – $440.1K
NOI $26,408 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$599.4K
$524.5K – $699.3K
NOI $41,958 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Explore this area
Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
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?
Multifamily property - Three detached residences share a sizable parcel, with private outdoor space and nearly full occupancy.
Where is this multifamily property located?
The property is located at 2311 Kabee St Houston, TX.
What is the asking price?
The asking price for this property is $299,950.
What are key features of this property?
This property features: 3 individual single‑story brick homes; Almost 100% occupied; Each residence includes its own backyard
