Cash Flowing Multifamily Investment
For Sale
$675,000
3522 Sampson Street, Houston, TX 77004
Five-unit multifamily property near University of Houston and Downtown.
Property Size3,072 SF
Days on Market543
Property Features for 3522 Sampson Street
General Information
Standard status
Active
Size
3,072 SF
Property subtype
Multi Family,5 Plus
Taxes and HOA fees
Annual Taxes
$7,412
Building Details
Building Size
3,072 SF
Year Built
1940
Listing Agency:
S&P Interests
Listed By:
Nelson Senegal
(832) 797-5698
Source:
Mpowerrealtygroup
Added: Apr 14, 2025
Changed: Sep 23
Last Checked: Oct 7 at 4:28PM
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 S&P Interests
Investment Insights
Based on property information with market context.
This is a five-unit multifamily investment property with ten beds, offering multiple revenue streams through fully executed leases. The property is located in a convenient location, minutes from the University of Houston and the downtown area. Each unit is fully furnished and has separate utility meters, with tenants responsible for utility payments. The property includes a relaxing patio area in the back. Gated parking is available with seven spots on the property, along with additional street parking. This property presents a significant investment opportunity.
Key Highlights
- Cash flowing 5‑unit multi‑family investment property
- Located minutes from the University of Houston and Downtown
- 10 beds/streams of revenue with fully executed leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,803
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,060
$696.1K
Cap Rate 7%
$497,186
$497.2K
Cap Rate 9%
$386,700
$386.7K
Market Conditions
NOI Build-Up for 3,072 SF
Gross rent
$67.5K $21.96/SF
− Vacancy
−$4.2K −$1.36/SF
EGI
$63.3K $20.60/SF
− OpEx
−$28.5K −$9.27/SF
NOI
$34.8K $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%
$696,060
Cap Rate 7%
$497,186
Cap Rate 9%
$386,700
Alternative Uses
Best Use
Apartment 5plus
$497.2K
$435.0K – $580.1K
NOI $34,803 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$789.9K
$691.2K – $921.6K
NOI $55,296 @ 7.0% cap · market cap 8.19%
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
905
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
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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 - Five-unit multifamily property near University of Houston and Downtown.
Where is this apartment building located?
The property is located at 3522 Sampson Street Houston, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Cash flowing 5‑unit multi‑family investment property; Located minutes from the University of Houston and Downtown; 10 beds/streams of revenue with fully executed leases
