Multifamily Property with Income
2501 Truxillo Street 1-7, Houston, TX 77004
Cash-generating multifamily property with six updated meters and seven units.
Type:Multi Family
Property size:
4,464 SFLot size:
0.12 AcresPrice / SF:
$175/SF- Added:
- Mar 24, 2026
- Days on Market:
- 71
- Last Refresh:
- Apr 6 at 1:48 am
Property Features for 2501 Truxillo Street 1-7
General Information
- Standard status
- Active
- Size
- 4,464 SF
- Lot size
- 0.12 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing agent Jordan Foster License #0809306
Listing office RE/MAX Fine Properties (281) 265-5533
Listing date Mar 24, 2026
Source Exitrealty
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 RE/MAX Fine Properties
HighLights
- Six separate water and electricity meters for easy individual billing.
- No HOA fees and no restrictions, offering greater control.
- Seven potential rentable units, including a bonus office convertible to a rental.
- Stable income stream with long‑term tenants.
- Two recently replaced central air conditioning units.
- Front building freshly painted.
Overview
This multifamily property presents an opportunity for investors seeking a cash-generating asset. The property features six separate water and electricity meters, all recently updated. Two central air conditioning units have also been recently replaced. The front building, freshly painted, contains two units, each with two bedrooms and one bathroom. The back building houses four units: one with two bedrooms and one bathroom, one with one bedroom and two bathrooms, and two with one bedroom and one bathroom. Additionally, there is an office with a bathroom that can be converted into a seventh rental unit. Some tenants have been renting for over five years, providing a stable income stream. The property has no HOA fees and no restrictions, offering potential for rental income and long-term appreciation.
Local Financial Insights For Apartment 5plus
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 | $98.0k | $21.96 |
| − Vacancy | −$6.1k | −$1.36 |
| EGI | $92.0k | $20.60 |
| − OpEx | −$41.4k | −$9.27 |
| NOI | $50.6k | $11.33 |
4,464 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$722.5K
$632.2K – $842.9K
NOI $50,573 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,352 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
We're going to Galveston ...
Travel Agency
St.Ye Intel Inc
Property Management Company
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.367319
- Latitude
- 29.7296488
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Cash-generating multifamily property with six updated meters and seven units.
Where is this apartment building located?
The property is located at 2501 Truxillo Street 1-7 Houston, TX.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Six separate water and electricity meters for easy individual billing.; No HOA fees and no restrictions, offering greater control.; Seven potential rentable units, including a bonus office convertible to a rental.
