Spacious Corner Unit Near
For Sale
$194,000
2816 S Bartell Dr, Houston, TX 77054
Charming corner unit near NRG Park and public transportation.
Property Size840 SF
Days on Market332
Property Features for 2816 S Bartell Dr
General Information
Standard status
Active
Size
840 SF
Property subtype
Investment
Lease Term
12 months
Site & Location
Neighborhood
South Main
Taxes and HOA fees
Annual Taxes
$1,400
Building Details
Building Size
840 SF
Year Built
1982
Stories
1
Listing Agency:
Texas Ally Real Estate Group, LLC
Listed By:
Mordekhai Harroch · License #0725110
(832) 388-3125
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 25
Last Checked: Jul 16 at 10:27AM
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 Texas Ally Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
This charming and spacious corner unit features a split roommate floor plan. Located near the clubhouse, the unit offers a partial view of the pool. A patio provides space for relaxation and overlooks the pool area. The living area and bedrooms are carpeted, while the kitchen and bathrooms feature laminate flooring. The patio includes a storage unit and an appliance closet for a washer and dryer. The complex is within walking distance of NRG Park and a bus line. The rail system, hotels, eateries, and shopping are also nearby. The owner is a licensed agent, and the property is being sold as is. Measurements are estimates.
Key Highlights
- Corner unit with a split roommate floor plan offers enhanced privacy and spaciousness.
- Proximity to NRG Stadium provides convenient access to events and activities.
- Walking distance to bus line and nearby rail system facilitates easy commuting.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,516
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,320
$190.3K
Cap Rate 7%
$135,943
$135.9K
Cap Rate 9%
$105,733
$105.7K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$18.4K $21.96/SF
− Vacancy
−$1.1K −$1.36/SF
EGI
$17.3K $20.60/SF
− OpEx
−$7.8K −$9.27/SF
NOI
$9.5K $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%
$190,320
Cap Rate 7%
$135,943
Cap Rate 9%
$105,733
Alternative Uses
Best Use
Apartment 5plus
$135.9K
$119.0K – $158.6K
NOI $9,516 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$216.0K
$189.0K – $252.0K
NOI $15,120 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,933
Businesses Nearby
Explore this area
Business Placement
Demographics for 77054, TX
24,419
Population
18,845
Households
1.3
Avg Household Size
31
Median Age
65%
College-Educated
98%
High-School Grad
5.3 sq mi
ZIP Area
4,607
Density / Sq Mi
$59,087
Median Household Income
$48,452
Median Earnings
$1,413
Median Rent
$173,000
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?
Multifamily property - Charming corner unit near NRG Park and public transportation.
Where is this multifamily property located?
The property is located at 2816 S Bartell Dr Houston, TX.
What is the asking price?
The asking price for this property is $194,000.
What are key features of this property?
This property features: Corner unit with a split roommate floor plan offers enhanced privacy and spaciousness.; Proximity to NRG Stadium provides convenient access to events and activities.; Walking distance to bus line and nearby rail system facilitates easy commuting.
