All-Bills-Paid Apartment
New
For Sale
$849,900
3401 Ennis St 4, Houston, TX 77004
All-bills-paid apartment building built in 1910 with established long-term tenancy.
Days on Market3
Property Features for 3401 Ennis St 4
General Information
Standard status
Active
Property subtype
Investment
Lease Term
12 months
Additional Details
Public Transit
Yes
Building Details
Building Size
6,000 SF
Year Built
1910
Listing Agency:
AssetlyOne, LLC
(469) 450-7037
Listed By:
Wesson Assefa · License #0506165
(469) 450-7037
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 31 at 12:15PM
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 AssetlyOne, LLC
Investment Insights
Based on property information with market context.
An all-bills-paid apartment building built in 1910, presented as a well-maintained community with long-term tenants. The property is described as all bills paid, supporting simpler resident billing and consistent operating structure for the tenancy.
The address is 3401 Ennis St 4 in Houston, TX 77004. The public remarks describe the building as minutes from Downtown, the Texas Medical Center, the University of Houston, and major freeways. WalkScore is 78 (very walkable), bikeScore is 70 (very bikeable), and transitScore is 63 (good transit).
Showings are by appointment only and residents should not be disturbed.
The address is 3401 Ennis St 4 in Houston, TX 77004. The public remarks describe the building as minutes from Downtown, the Texas Medical Center, the University of Houston, and major freeways. WalkScore is 78 (very walkable), bikeScore is 70 (very bikeable), and transitScore is 63 (good transit).
Showings are by appointment only and residents should not be disturbed.
Key Highlights
- All‑bills‑paid apartment building community
- Built in 1910
- Long‑term tenants
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 | $131.8k | $21.96 |
| − Vacancy | −$8.2k | −$1.36 |
| EGI | $123.6k | $20.60 |
| − OpEx | −$55.6k | −$9.27 |
| NOI | $68.0k | $11.33 |
6,000 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$971.1K
$849.7K – $1.13M
NOI $67,975 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,000 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,203
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - All-bills-paid apartment building built in 1910 with established long-term tenancy.
Where is this apartment building located?
The property is located at 3401 Ennis St 4 Houston, TX.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: All‑bills‑paid apartment building community; Built in 1910; Long‑term tenants
