Condo in Gated Houston
For Sale
$139,000
3754 Tanglewilde St 9, Houston, TX 77063
Two-bedroom condo with upgrades, convenient location, and community amenities.
Property Size1,031 SF
Lot Size2.85 Acres
Days on Market326
Property Features for 3754 Tanglewilde St 9
General Information
Standard status
Active
Size
1,031 SF
Lot size
2.85 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$1,946
Building Details
Building Size
1,031 SF
Year Built
1981
Stories
2
Listing Agency:
Forever Realty, LLC
Listed By:
Xue Yang
(713) 299-4773
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 16
Last Checked: Oct 19 at 7:27AM
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 Forever Realty, LLC
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Investment Insights
Based on property information with market context.
Located in the gated Cedar Creek Condo community in Houston, this property features two bedrooms, one bathroom, and a wet bar on the first floor. The unit has been newly painted and includes upgrades. Assigned covered parking is provided. Community amenities include a swimming pool and community hall for events. The property is conveniently located near shopping, dining, entertainment, and major thoroughfares, including the Galleria, 610, and 59. The property is currently tenant-occupied and is for investors only.
Key Highlights
- Gated community in a central Houston location.
- Features two bedrooms and one bathroom.
- Enjoy the convenience of assigned covered parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,680
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,600
$233.6K
Cap Rate 7%
$166,857
$166.9K
Cap Rate 9%
$129,778
$129.8K
Market Conditions
NOI Build-Up for 1,031 SF
Gross rent
$22.6K $21.96/SF
− Vacancy
−$1.4K −$1.36/SF
EGI
$21.2K $20.60/SF
− OpEx
−$9.6K −$9.27/SF
NOI
$11.7K $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%
$233,600
Cap Rate 7%
$166,857
Cap Rate 9%
$129,778
Alternative Uses
Best Use
Apartment 5plus
$166.9K
$146.0K – $194.7K
NOI $11,680 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.1K
$232.0K – $309.3K
NOI $18,558 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,135
Businesses Nearby
Explore this area
Business Placement
Demographics for 77063, TX
38,298
Population
22,625
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,511
Density / Sq Mi
$54,509
Median Household Income
$40,346
Median Earnings
$1,334
Median Rent
$281,300
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
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom condo with upgrades, convenient location, and community amenities.
Where is this apartment building located?
The property is located at 3754 Tanglewilde St 9 Houston, TX.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Gated community in a central Houston location.; Features **two bedrooms and one bathroom.**; Enjoy the convenience of **assigned covered parking.**
