Houston Mixed-Use Investment
For Sale
$695,000
2423 Emancipation Ave 2, Houston, TX 77004
Income-producing property with retail and residential units in Houston.
Property Size3,470 SF
Lot Size0.11 Acres
Days on Market314
Property Features for 2423 Emancipation Ave 2
General Information
Standard status
Active
Size
3,470 SF
Lot size
0.11 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$11,144
Building Details
Building Size
3,470 SF
Year Built
1960
Stories
2
Listed By:
Ye Sun · License #0682466
(832) 907-7998
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 28
Last Checked: Oct 7 at 1:23PM
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 Ye Sun
Investment Insights
Based on property information with market context.
This income-producing mixed-use property is located in a high-traffic area of Houston. The building includes two street-level retail storefronts and a four-bedroom apartment on the second floor. All units are currently occupied and generating rental income. The property's location and layout offer potential for value appreciation and long-term growth, presenting an opportunity for investors seeking cash flow or those looking to maximize future returns.
Key Highlights
- Prime location in a vibrant, high‑traffic Houston neighborhood.
- Income‑producing property with consistent rental income.
- Fully occupied with a strong tenant base.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,052
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,040
$941.0K
Cap Rate 7%
$672,171
$672.2K
Cap Rate 9%
$522,800
$522.8K
Market Conditions
NOI Build-Up for 3,470 SF
Gross rent
$71.2K $20.52/SF
− Vacancy
−$4.0K −$1.15/SF
EGI
$67.2K $19.37/SF
− OpEx
−$20.2K −$5.81/SF
NOI
$47.1K $13.56/SF
Area
Houston, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,040
Cap Rate 7%
$672,171
Cap Rate 9%
$522,800
Alternative Uses
Best Use
Retail
$672.2K
$588.2K – $784.2K
NOI $47,052 @ 7.0% cap · market cap 6.77%
Second Best
Mixed Use
$654.3K
$572.6K – $763.4K
NOI $45,804 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$892.3K
$780.8K – $1.04M
NOI $62,460 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,188
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing property with retail and residential units in Houston.
Where is this mixed-use property located?
The property is located at 2423 Emancipation Ave 2 Houston, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Prime location in a vibrant, high‑traffic Houston neighborhood.; Income‑producing property with consistent rental income.; Fully occupied with a strong tenant base.
