Multifamily Apartment Building with Updated
For Sale
$498,000
2501 Truxillo St 1-7, Houston, TX 77004
Six-unit apartment building with recently updated electrical, separate meters, and 3 currently vacant units.
Property Size2,312 SF
Days on Market137
Property Features for 2501 Truxillo St 1-7
General Information
Standard status
Active
Size
2,312 SF
Property subtype
Investment
Units
Multifamily Units
7
Office Units
1
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$8,077
Building Details
Building Size
2,312 SF
Year Built
1930
Stories
2
Units
1
Tenancy
Multi
Listed By:
Mengnan Li
(909) 532-3180
Source:
Elliman
Added: Jun 3
Changed: Oct 6
Last Checked: Oct 16 at 9:35AM
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 Mengnan Li
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.
This income-producing apartment building includes two structures totaling six residential units, plus a bonus office with a bathroom that may be converted into an additional rental unit. The front building contains two units, each configured with 2 bedrooms and 1 bathroom. The back building includes four additional units: one 2-bedroom/1-bath, one 1-bedroom/2-bath, and two 1-bedroom/1-bath units. The property has six separate water meters and six separate electric meters, with the electrical recently updated. Two central A/C units have also been replaced recently. Several tenants have been in place for over five years. Total vacant units: 3; all other units are occupied.
Convenient daily-mobility context is reflected in the provided walk score of 78 and bike score of 82, with transit score of 49.
For buyers or operators, the separately metered setup and recent electrical and HVAC replacements can reduce near-term capital planning while supporting straightforward unit-by-unit management. The mix of unit sizes provides flexibility for tenant demand, and the on-site office with bathroom offers an additional layout opportunity if conversion to a rental unit is desired. Please contact your realtor for more information.
Convenient daily-mobility context is reflected in the provided walk score of 78 and bike score of 82, with transit score of 49.
For buyers or operators, the separately metered setup and recent electrical and HVAC replacements can reduce near-term capital planning while supporting straightforward unit-by-unit management. The mix of unit sizes provides flexibility for tenant demand, and the on-site office with bathroom offers an additional layout opportunity if conversion to a rental unit is desired. Please contact your realtor for more information.
Key Highlights
- Six‑unit apartment building (built 1930) with 3 total vacant units; the remaining units are occupied
- Six separate water meters and six separate electric meters; electrical has been recently updated
- Two central A/C units replaced recently
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,193
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,860
$523.9K
Cap Rate 7%
$374,186
$374.2K
Cap Rate 9%
$291,033
$291.0K
Market Conditions
NOI Build-Up for 2,312 SF
Gross rent
$50.8K $21.96/SF
− Vacancy
−$3.1K −$1.36/SF
EGI
$47.6K $20.60/SF
− OpEx
−$21.4K −$9.27/SF
NOI
$26.2K $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%
$523,860
Cap Rate 7%
$374,186
Cap Rate 9%
$291,033
Alternative Uses
Best Use
Apartment 5plus
$374.2K
$327.4K – $436.6K
NOI $26,193 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$594.5K
$520.2K – $693.6K
NOI $41,616 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
7
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,606
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
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit apartment building with recently updated electrical, separate meters, and 3 currently vacant units.
Where is this apartment building located?
The property is located at 2501 Truxillo St 1-7 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: Six‑unit apartment building (built 1930) with 3 total vacant units; the remaining units are occupied; Six separate water meters and six separate electric meters; electrical has been recently updated; Two central A/C units replaced recently
