Multifamily Complex with Remodeled
For Sale
$975,000
Pending
2514 Gano Street, Houston, TX 77009
Eight-unit multifamily complex featuring remodeled units and strong income potential.
Property Size2,632 SF
Days on Market419
Property Features for 2514 Gano Street
General Information
Standard status
Pending
Size
2,632 SF
Property subtype
Income
Taxes and HOA fees
Annual Taxes
$24,531
Amenities
Yes
7
10
tmrealtyandinsurance@gmail.com
Appraiser
8000
2632
Building Details
Building Size
2,632 SF
Year Built
1930
Stories
2
Listing Agency:
Home Pros Real Estate Group
(713) 961-1722
Listed By:
Tina Mabry
(281) 686-3623
Source:
Garygreene
Added: Aug 27, 2025
Changed: Oct 16
Last Checked: Oct 19 at 5:29AM
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 Home Pros Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily complex comprises three buildings with a total of eight units. The unit mix includes four 2-bedroom/2-bathroom units, two 2-bedroom/1-bathroom units, one 3-bedroom/1-bathroom unit, and one studio apartment. Six of the eight units are currently leased. All units have been remodeled. Additional details are available in the attached financial documents. The property is located on a corner lot. A virtual tour video is available.
Key Highlights
- Multi‑family complex featuring 8 units with a mix of 2/2, 2/1, 3/1, and studio layouts.
- 6 out of 8 units are currently leased.
- All units have been remodeled.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,818
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,360
$596.4K
Cap Rate 7%
$425,971
$426.0K
Cap Rate 9%
$331,311
$331.3K
Market Conditions
NOI Build-Up for 2,632 SF
Gross rent
$57.8K $21.96/SF
− Vacancy
−$3.6K −$1.36/SF
EGI
$54.2K $20.60/SF
− OpEx
−$24.4K −$9.27/SF
NOI
$29.8K $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%
$596,360
Cap Rate 7%
$425,971
Cap Rate 9%
$331,311
Alternative Uses
Best Use
Apartment 5plus
$426.0K
$372.7K – $497.0K
NOI $29,818 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$676.8K
$592.2K – $789.6K
NOI $47,376 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
Explore this area
Business Placement
Demographics for 77009, TX
36,425
Population
17,890
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
78%
High-School Grad
6.2 sq mi
ZIP Area
5,875
Density / Sq Mi
$81,921
Median Household Income
$49,446
Median Earnings
$1,229
Median Rent
$403,600
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 - Eight-unit multifamily complex featuring remodeled units and strong income potential.
Where is this apartment building located?
The property is located at 2514 Gano Street Houston, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Multi‑family complex featuring 8 units with a mix of 2/2, 2/1, 3/1, and studio layouts.; 6 out of 8 units are currently leased.; All units have been remodeled.
