All-Bills-Paid Apartment
For Sale
$849,900
3401 Ennis Street, Houston, TX 77004
All-bills-paid apartment building built in 1910 with established long-term tenancy.
Property Size6,000 SF
Days on Market73
Property Features for 3401 Ennis Street
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Multi Family,5 Plus
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,841
Building Details
Building Size
6,000 SF
Year Built
1910
Listing Agency:
AssetlyOne, LLC
Listed By:
Wesson Assefa · License #506165
(469) 450-7037
Source:
Livingvoguerealestate
Added: Jul 28
Changed: Oct 4
Last Checked: Oct 7 at 4:27PM
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
Estimated NOI and Cap Rate
NOI / Yr
$67,975
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,359,500
$1.4M
Cap Rate 7%
$971,071
$971.1K
Cap Rate 9%
$755,278
$755.3K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$131.8K $21.96/SF
− Vacancy
−$8.2K −$1.36/SF
EGI
$123.6K $20.60/SF
− OpEx
−$55.6K −$9.27/SF
NOI
$68.0K $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%
$1,359,500
Cap Rate 7%
$971,071
Cap Rate 9%
$755,278
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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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 Street 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
