8-Unit Apartment
For Sale
$725,000
2605 Aldine Westfield Road # 8, Houston, TX 77093
Two separate buildings offer one-bedroom apartments with central HVAC and hardwood flooring.
Property Size5,848 SF
Days on Market155
Property Features for 2605 Aldine Westfield Road # 8
General Information
Standard status
Active
Size
5,848 SF
Property subtype
Multi Family,5 Plus
Units
Unit Mix
8 x 1BR
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$8,733
Amenities
central HVAC
hardwood floors
Building Details
Building Size
5,848 SF
Year Built
1960
Buildings
2
Construction
brick
Listing Agency:
Inner Loop West
Listed By:
Brian Janak
(832) 247-6333
Source:
Livingvoguerealestate
Added: May 18
Changed: Oct 17
Last Checked: Oct 16 at 2:22PM
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 Inner Loop West
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Investment Insights
Based on property information with market context.
The property comprises eight one-bedroom apartments across two buildings, with each unit measuring approximately 700 NRSF. Building features include brick exteriors, pitched roofs, central HVAC and hardwood floors. The property was built in 1960.
Key Highlights
- Eight one‑bedroom apartments across two buildings
- Approximately 700 NRSF per apartment
- Brick exteriors and pitched roofs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,253
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,325,060
$1.3M
Cap Rate 7%
$946,471
$946.5K
Cap Rate 9%
$736,144
$736.1K
Market Conditions
NOI Build-Up for 5,848 SF
Gross rent
$128.4K $21.96/SF
− Vacancy
−$8.0K −$1.36/SF
EGI
$120.5K $20.60/SF
− OpEx
−$54.2K −$9.27/SF
NOI
$66.3K $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%
$1,325,060
Cap Rate 7%
$946,471
Cap Rate 9%
$736,144
Alternative Uses
Best Use
Apartment 5plus
$946.5K
$828.2K – $1.10M
NOI $66,253 @ 7.0% cap · market cap 9.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,264 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
Demographics for 77093, TX
47,736
Population
14,671
Households
3.3
Avg Household Size
31
Median Age
5%
College-Educated
51%
High-School Grad
12.0 sq mi
ZIP Area
3,978
Density / Sq Mi
$41,958
Median Household Income
$28,493
Median Earnings
$1,102
Median Rent
$122,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two separate buildings offer one-bedroom apartments with central HVAC and hardwood flooring.
Where is this apartment building located?
The property is located at 2605 Aldine Westfield Road # 8 Houston, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Eight one‑bedroom apartments across two buildings; Approximately 700 NRSF per apartment; Brick exteriors and pitched roofs
