Contemporary Multifamily Investment
2904 Ruth Street Houston, TX 77004
2904 Ruth Street, Houston, TX, 77004
$1,275,000
For Sale
$1,275,000
Contemporary residential income property with an open-concept layout and 6 bedrooms plus 5 full bathrooms per unit.
Property Size5,544 SF
Price / SF$229.98
Days on Market127
Property Features for 2904 Ruth Street
General Information
- Standard status
- Active
- Size
- 5,544 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2026
Listing agency
HomeSmart
(713) 449-3709
Listed by
The Edmondson Team
(713) 449-3709
Source
Garygreene
Added: Mar 18 Updated: Jul 21 at 7:26AM Checked: Jul 21 at 7:26AM
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 HomeSmart
Investment Insights
Based on property information with market context.
This contemporary residential income property is arranged with a highly functional open-concept layout and finished to a high-end standard, according to the available description. Each unit is configured with 6 bedrooms and 5 full bathrooms, creating a high-capacity setup intended to support rental occupancy.
Located at 2904 Ruth Street in Houston, the property is described as being just a few doors from Texas Southern University, with Downtown Houston and the Texas Medical Center both within minutes. The combination of modern design and nearby demand drivers is presented as a turnkey fit for rental operations.
Located at 2904 Ruth Street in Houston, the property is described as being just a few doors from Texas Southern University, with Downtown Houston and the Texas Medical Center both within minutes. The combination of modern design and nearby demand drivers is presented as a turnkey fit for rental operations.
Key Highlights
- Year built 2026 with contemporary open‑concept layout designed for residential income use
- Per unit layout includes 6 bedrooms and 5 full bathrooms
- Total building area of 5,544 and lot size of 5,250 sq ft (cleared lot)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.7k | $21.96 |
| − Vacancy | −$7.5k | −$1.36 |
| EGI | $114.2k | $20.60 |
| − OpEx | −$51.4k | −$9.27 |
| NOI | $62.8k | $11.33 |
5,544 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$897.3K
$785.1K – $1.05M
NOI $62,809 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,792 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Contemporary residential income property with an open-concept layout and 6 bedrooms plus 5 full 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 $1,275,000.
What are key features of this property?
This property features: Year built 2026 with contemporary open‑concept layout designed for residential income use; Per unit layout includes 6 bedrooms and 5 full bathrooms; Total building area of 5,544 and lot size of 5,250 sq ft (cleared lot)
