10-Unit Apartment
26 Farrell St 10, Houston, TX 77022
For Sale
$900,000
The low-rise property contains individual one-bedroom apartments and dedicated off-street parking.
Property Size6,826 SF
Days on Market51
Property Features for 26 Farrell St 10
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Champions NextGen Real Estate
Listed By:
Ketul Patel
(832) 659-9611
Source:
Elliman
Added: Sep 26
Changed: Oct 31
Last Checked: Nov 14 at 5:35AM
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 Champions NextGen Real Estate
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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.
At 26 Farrell St in Houston, this low-rise apartment property contains 10 units, each configured with one bedroom and one bathroom. The building dates to 1964 and has dedicated off-street parking.
The property is less than a mile from Northline Transit Center and a stated 10 minutes from the University of Houston-Downtown.
The property is less than a mile from Northline Transit Center and a stated 10 minutes from the University of Houston-Downtown.
Key Highlights
- 10 apartments, each with one bedroom and one bathroom
- Low‑rise building constructed in 1964
- Dedicated off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,333
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,546,660
$1.5M
Cap Rate 7%
$1,104,757
$1.1M
Cap Rate 9%
$859,256
$859.3K
Market Conditions
NOI Build-Up for 6,826 SF
Gross rent
$149.9K $21.96/SF
− Vacancy
−$9.3K −$1.36/SF
EGI
$140.6K $20.60/SF
− OpEx
−$63.3K −$9.27/SF
NOI
$77.3K $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%
$1,546,660
Cap Rate 7%
$1,104,757
Cap Rate 9%
$859,256
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$966.7K – $1.29M
NOI $77,333 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,868 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Explore this area
Business Placement
Demographics for 77022, TX
28,748
Population
10,717
Households
2.7
Avg Household Size
35
Median Age
13%
College-Educated
63%
High-School Grad
5.8 sq mi
ZIP Area
4,957
Density / Sq Mi
$48,386
Median Household Income
$28,877
Median Earnings
$1,047
Median Rent
$197,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Apartment buildings in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The low-rise property contains individual one-bedroom apartments and dedicated off-street parking.
Where is this apartment building located?
The property is located at 26 Farrell St 10 Houston, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 10 apartments, each with one bedroom and one bathroom; Low‑rise building constructed in 1964; Dedicated off‑street parking
