3805-3813 Wipprecht St., Houston, TX 77026
Gated community of detached two-bedroom rentals with separate meters, washer/dryer connections, and dedicated parking.
- Added:
- Jun 4, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 20 at 3:51 am
Property Features for 3805-3813 Wipprecht St.
General Information
- Standard status
- Active
- Size
- 15,880 SF
- Lot size
- 1.03 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing agent Federico Medina License #TX 796355
Listing office Sanmore Investments
Listing date Jun 4, 2026
Source Crexi
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 Sanmore Investments
HighLights
- Fully remodeled multifamily property with 21 detached 2BR/1BA rental homes (built 1960).
- Approximately 15,880 SF total building area on approximately 1.03 acres.
- Each unit has approximately 758 SF and includes separate electric and water meters.
- Washer/dryer connections in each unit, plus new roofs, electrical, plumbing, and mechanicals (2022–2023).
- Gated community with dedicated parking and 100% occupancy.
- Convenient access to I‑610 and US‑59/I‑69, minutes from Downtown Houston.
Overview
The property is located in Houston with convenient access to I-610 and US-59/I-69, placing it minutes from Downtown Houston. It is also described as being near Hardy Yards and the East River development corridor, supporting practical access to area destinations.
As an income-producing asset, the property is 100% occupied. The detached-home configuration, gated setting, and dedicated parking can be a strong fit for operators seeking straightforward resident experience within a fully renovated housing package. Separate utility metering and in-unit washer/dryer connections may also help support day-to-day operating simplicity compared with shared systems.
Local 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 | $348.7k | $21.96 |
| − Vacancy | −$21.6k | −$1.36 |
| EGI | $327.1k | $20.60 |
| − OpEx | −$147.2k | −$9.27 |
| NOI | $179.9k | $11.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.3226915
- Latitude
- 29.794606
