Eight-Unit Apartment
For Sale
$725,000
2605 Aldine Westfield Road 8, Houston, TX 77093
Two-building apartment property with central HVAC, hardwood floors, and brick exteriors.
Property Size5,848 SF
Price / SF$123.97
Days on Market49
Property Features for 2605 Aldine Westfield Road 8
General Information
Standard status
Active
Size
5,848 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Eastex - Jensen Area
Units
Unit Mix
8 x 1bdrms
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$8,733
Amenities
central HVAC
hardwood floors
Yes
1
Appraiser
14175
5848
Building Details
Building Size
5,848 SF
Year Built
1960
Buildings
2
Stories
2
Construction
brick
Listing Agency:
2M Realty Advisors, LLC
(713) 461-6800
Listed By:
Ann Cowper
(713) 412-2558
Source:
Garygreene
Added: Sep 6
Changed: Oct 23
Last Checked: Oct 23 at 5:30AM
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 2M Realty Advisors, LLC
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Investment Insights
Based on property information with market context.
This apartment property comprises 8 one-bedroom units arranged across 2 buildings, with approximately 700 nrsf per unit and 5,848 square feet of total property size. The 1960-built improvements feature all-brick exteriors, pitched roofs, central HVAC, and hardwood flooring. The units are described as relatively large for one-bedroom apartments, and parking is available on site.
Located at 2605 Aldine Westfield Road 8 in Houston, Texas, the property is next to a large tract that has been sold to a major nonprofit institution for redevelopment. Nearby dated retail structures have been removed as part of that process.
Located at 2605 Aldine Westfield Road 8 in Houston, Texas, the property is next to a large tract that has been sold to a major nonprofit institution for redevelopment. Nearby dated retail structures have been removed as part of that process.
Key Highlights
- 8 one‑bedroom units across 2 buildings
- Each unit is approximately +/-700 nrsf
- 5,848 square feet of property size
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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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-building apartment property with central HVAC, hardwood floors, and brick exteriors.
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: 8 one‑bedroom units across 2 buildings; Each unit is approximately +/-700 nrsf; 5,848 square feet of property size
