Contemporary Income
For Sale
$1,150,000
2904 Ruth Street, Houston, TX 77004
Well-suited for high-capacity rentals with open-concept layouts and multiple bedrooms and bathrooms per unit.
Property Size5,544 SF
Price / SF$207.43
Days on Market102
Property Features for 2904 Ruth Street
General Information
Standard status
Active
Size
5,544 SF
Property subtype
Multi-Family
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,999
Amenities
Vinyl
Yes
Common Area,Washer Hookup,Dryer Hookup
Builder
Balcony
Cleared
5250
More than Two
Appraiser
Paved
Private Entrance
5544
Building Details
Building Size
5,544 SF
Year Built
2026
Stories
2
Listing Agency:
CB&A, Realtors
(713) 461-6800
Listed By:
Lynette Lew · License #0543709
(713) 582-2202
Source:
Garygreene
Added: Jun 30
Changed: Oct 7
Last Checked: Oct 7 at 9:34AM
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 CB&A, Realtors
Investment Insights
Based on property information with market context.
This contemporary income property is designed for flexible, high-occupancy leasing. Each unit features an open-concept layout with 6 bedrooms and 5 full bathrooms, creating a practical configuration for groups that need multiple private sleeping areas. The property is presented with high-end finishes and a functional floor plan intended to support consistent rental use.
Located just a few doors from Texas Southern University, the property is also described as within minutes of Downtown Houston and the Texas Medical Center. The provided walk score is 73 (Very Walkable), the bike score is 80 (Very Bikeable), and the transit score is 55 (Good Transit), supporting an active, transit-influenced tenant environment.
For buyers or operators, the unit mix and layout emphasize capacity and livability, which can be a strong fit for student housing, professional rentals, or vacation hosting. The property’s contemporary character and bedroom-to-bathroom ratio are aimed at accommodating larger groups without sacrificing an open communal feel in each unit.
Located just a few doors from Texas Southern University, the property is also described as within minutes of Downtown Houston and the Texas Medical Center. The provided walk score is 73 (Very Walkable), the bike score is 80 (Very Bikeable), and the transit score is 55 (Good Transit), supporting an active, transit-influenced tenant environment.
For buyers or operators, the unit mix and layout emphasize capacity and livability, which can be a strong fit for student housing, professional rentals, or vacation hosting. The property’s contemporary character and bedroom-to-bathroom ratio are aimed at accommodating larger groups without sacrificing an open communal feel in each unit.
Key Highlights
- Year built 2026 contemporary property with open‑concept design and high‑end finishes
- Each unit layout features 6 bedrooms and 5 full bathrooms for high‑capacity rentals
- Positioned near Texas Southern University, just a few doors away
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,809
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,256,180
$1.3M
Cap Rate 7%
$897,271
$897.3K
Cap Rate 9%
$697,878
$697.9K
Market Conditions
NOI Build-Up for 5,544 SF
Gross rent
$121.7K $21.96/SF
− Vacancy
−$7.5K −$1.36/SF
EGI
$114.2K $20.60/SF
− OpEx
−$51.4K −$9.27/SF
NOI
$62.8K $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%
$1,256,180
Cap Rate 7%
$897,271
Cap Rate 9%
$697,878
Alternative Uses
Best Use
Apartment 5plus
$897.3K
$785.1K – $1.05M
NOI $62,809 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,792 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,457
Businesses Nearby
Explore this area
Business Placement
Demographics for 77004, TX
37,005
Population
18,321
Households
2
Avg Household Size
31
Median Age
57%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
7,116
Density / Sq Mi
$65,901
Median Household Income
$55,909
Median Earnings
$1,320
Median Rent
$384,100
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Well-suited for high-capacity rentals with open-concept layouts and multiple bedrooms and bathrooms per unit.
Where is this short term rental property located?
The property is located at 2904 Ruth Street Houston, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Year built 2026 contemporary property with open‑concept design and high‑end finishes; Each unit layout features 6 bedrooms and 5 full bathrooms for high‑capacity rentals; Positioned near Texas Southern University, just a few doors away
