Five-Unit Apartment
For Sale
Contact for pricing
3435 Rosedale St., Houston, TX 77004
Two residential buildings provide a varied unit mix in Houston’s University of Houston and Texas Medical Center corridor.
Property Size3,564 SF
Lot Size0.15 Acres
Price / SF$143.10
Days on Market63
Property Features for 3435 Rosedale St.
General Information
Standard status
Active
Size
3,564 SF
Lot size
0.15 Acres
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$41,352
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 1BR, 2 x 2BR
Multifamily Units
5
Building Details
Year Built
1945
Buildings
2
Units
5
Tenancy
Multi
Listing Agency:
NORTHPEAK Commercial Advisors
Listed By:
Matt Lewallen · License #CO FA.100022835
Source:
Crexi
Added: Aug 18
Changed: Oct 14
Last Checked: Oct 16 at 7:48AM
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 NORTHPEAK Commercial Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property includes two residential buildings totaling 3,564 square feet on a 6,600-square-foot lot. Built in 1945, the five-unit configuration includes three one-bedroom apartments and two two-bedroom apartments. All units are occupied, and tenant utility reimbursements support the current operating structure.
The property is positioned near the University of Houston, Texas Southern University, the Texas Medical Center, Hermann Park, the Museum District, and Downtown Houston. SH-288 and Interstate 45 are also identified among the major transportation connections serving the area.
The property is positioned near the University of Houston, Texas Southern University, the Texas Medical Center, Hermann Park, the Museum District, and Downtown Houston. SH-288 and Interstate 45 are also identified among the major transportation connections serving the area.
Key Highlights
- Five‑unit property with three one‑bedroom and two two‑bedroom apartments
- Two residential buildings totaling 3,564 square feet
- Situated on a 6,600‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,377
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,540
$807.5K
Cap Rate 7%
$576,814
$576.8K
Cap Rate 9%
$448,633
$448.6K
Market Conditions
NOI Build-Up for 3,564 SF
Gross rent
$78.3K $21.96/SF
− Vacancy
−$4.9K −$1.36/SF
EGI
$73.4K $20.60/SF
− OpEx
−$33.0K −$9.27/SF
NOI
$40.4K $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%
$807,540
Cap Rate 7%
$576,814
Cap Rate 9%
$448,633
Alternative Uses
Best Use
Apartment 5plus
$576.8K
$504.7K – $673.0K
NOI $40,377 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$916.5K
$801.9K – $1.07M
NOI $64,152 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
987
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
Frequently Asked Questions
What type of property is this?
Apartment building - Two residential buildings provide a varied unit mix in Houston’s University of Houston and Texas Medical Center corridor.
Where is this apartment building located?
The property is located at 3435 Rosedale St. Houston, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Five‑unit property with three one‑bedroom and two two‑bedroom apartments; Two residential buildings totaling 3,564 square feet; Situated on a 6,600‑square‑foot lot
