Renovated Multifamily
For Sale
$540,000
3903 Broyles St, Houston, TX 77026
Fully occupied property with renovated two- and three-bedroom units, appliances, dedicated parking, and controlled gated access.
Property Size3,024 SF
Price / SF$178.57
Days on Market127
Property Features for 3903 Broyles St
General Information
Standard status
Active
Size
3,024 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Kashmere Gardens
Public Transit
Yes
Additional Details
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$6,880
Amenities
refrigerator
washer
dryer
gas range
fenced
electronic gate
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Adebisi Onitiri
(832) 406-1246
Source:
Exprealty
Added: Jul 3
Changed: Oct 25
Last Checked: Nov 4 at 7:34PM
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 eXp Realty LLC
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 fully occupied multifamily property, built in 1940, offers a mix of recently renovated two-bedroom and three-bedroom units with updated interiors. Units include refrigerators, washers, dryers, and gas ranges. Each unit has one designated car parking space on a concrete pad, with a connecting walkway for resident access.
The property is fenced and secured by an electronic gate with remote access for tenants. Located in Houston near major freeways, a major bus stop, Downtown Houston, and employment centers, the property also benefits from established tenants in place. Showings are available by appointment only, and tenants should not be disturbed.
The property is fenced and secured by an electronic gate with remote access for tenants. Located in Houston near major freeways, a major bus stop, Downtown Houston, and employment centers, the property also benefits from established tenants in place. Showings are available by appointment only, and tenants should not be disturbed.
Key Highlights
- Fully occupied multifamily property with established tenants in place
- Mix of recently renovated 2‑bedroom and 3‑bedroom units
- Units include refrigerator, washer, dryer, and gas range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,259
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,180
$685.2K
Cap Rate 7%
$489,414
$489.4K
Cap Rate 9%
$380,656
$380.7K
Market Conditions
NOI Build-Up for 3,024 SF
Gross rent
$66.4K $21.96/SF
− Vacancy
−$4.1K −$1.36/SF
EGI
$62.3K $20.60/SF
− OpEx
−$28.0K −$9.27/SF
NOI
$34.3K $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%
$685,180
Cap Rate 7%
$489,414
Cap Rate 9%
$380,656
Alternative Uses
Best Use
Apartment 5plus
$489.4K
$428.2K – $571.0K
NOI $34,259 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.6K
$680.4K – $907.2K
NOI $54,432 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
Explore this area
Business Placement
Demographics for 77026, TX
23,405
Population
9,580
Households
2.4
Avg Household Size
36
Median Age
9%
College-Educated
70%
High-School Grad
6.6 sq mi
ZIP Area
3,546
Density / Sq Mi
$34,835
Median Household Income
$29,339
Median Earnings
$962
Median Rent
$104,800
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?
Multifamily property - Fully occupied property with renovated two- and three-bedroom units, appliances, dedicated parking, and controlled gated access.
Where is this multifamily property located?
The property is located at 3903 Broyles St Houston, TX.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Fully occupied multifamily property with established tenants in place; Mix of recently renovated 2‑bedroom and 3‑bedroom units; Units include refrigerator, washer, dryer, and gas range
