Renovated Multifamily
For Sale
$565,000
3903 Broyles Street, Houston, TX 77026
Fully occupied property with renovated two- and three-bedroom units, appliances, dedicated parking, and controlled gated access.
Days on Market30
Property Features for 3903 Broyles Street
General Information
Standard status
Active
Property subtype
Multi Family,Multiple Detached Dwellings
Occupancy
100%
Additional Details
Public Transit
Yes
Parking per Unit
1
Amenities
refrigerator
washer
dryer
gas range
fenced
electronic gate
Building Details
Building Size
3,024 SF
Year Built
1940
Listing Agency:
eXp Realty LLC
(832) 406-1246
Listed By:
Adebisi Onitiri
(832) 406-1246
Source:
Mpowerrealtygroup
Added: Jul 3
Changed: Jul 31
Last Checked: Jul 31 at 2:50PM
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
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 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 | $66.4k | $21.96 |
| − Vacancy | −$4.1k | −$1.36 |
| EGI | $62.3k | $20.60 |
| − OpEx | −$28.0k | −$9.27 |
| NOI | $34.3k | $11.33 |
3,024 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$489.4K
$428.2K – $571.0K
NOI $34,259 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.6K
$680.4K – $907.2K
NOI $54,432 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
372
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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 Street Houston, TX.
What is the asking price?
The asking price for this property is $565,000.
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
