Six-Home Multifamily
3910 Hoffman Street # 1, Houston, TX 77026
For Sale
$590,000
The detached residences are separately metered, and three are tenant occupied.
Property Size4,448 SF
Days on Market156
Property Features for 3910 Hoffman Street # 1
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
eXp Realty LLC
Listed By:
Gina Thayer · License TX #0723773
(713) 298-3004
Source:
Livingvoguerealestate
Added: Jun 10
Changed: Nov 9
Last Checked: Nov 12 at 4:45PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Houston property comprises six detached homes arranged across two lots. Each residence has two bedrooms and one bathroom, and the homes have undergone substantial updates. Three are currently occupied by tenants; each home has separate utility metering, and trash service is included. The property dates to 1942.
A separate six-unit structure at the rear is damaged and requires repair. Its condition and existing configuration are relevant considerations for future plans for the site.
A separate six-unit structure at the rear is damaged and requires repair. Its condition and existing configuration are relevant considerations for future plans for the site.
Key Highlights
- Six detached homes, each with a 2‑bedroom, 1‑bathroom layout
- Two lots in Houston, TX 77026
- Three homes currently tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,392
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,840
$1.0M
Cap Rate 7%
$719,886
$719.9K
Cap Rate 9%
$559,911
$559.9K
Market Conditions
NOI Build-Up for 4,448 SF
Gross rent
$97.7K $21.96/SF
− Vacancy
−$6.1K −$1.36/SF
EGI
$91.6K $20.60/SF
− OpEx
−$41.2K −$9.27/SF
NOI
$50.4K $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%
$1,007,840
Cap Rate 7%
$719,886
Cap Rate 9%
$559,911
Alternative Uses
Best Use
Apartment 5plus
$719.9K
$629.9K – $839.9K
NOI $50,392 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,064 @ 7.0% cap · market cap 13.57%
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
12
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
359
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
$104,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Houston, TX
Properties on Market for Multifamily properties in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The detached residences are separately metered, and three are tenant occupied.
Where is this multifamily property located?
The property is located at 3910 Hoffman Street # 1 Houston, TX.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Six detached homes, each with a 2‑bedroom, 1‑bathroom layout; Two lots in Houston, TX 77026; Three homes currently tenant occupied
