Renovated 6-Unit Apartment
4107 Lark Lane, Houston, TX 77025
For Sale
$749,900
Each residence offers a two-bedroom, two-bathroom layout, with two units currently vacant.
Property Size4,680 SF
Days on Market18
Property Features for 4107 Lark Lane
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
eXp Realty LLC
Listed By:
Holly Brown
(281) 250-0650
Source:
Nancyalmodovar
Added: Oct 26
Changed: Nov 10
Last Checked: Nov 12 at 2:10PM
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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Investment Insights
Based on property information with market context.
This 6-unit apartment property was built in 2004 and has undergone extensive updates. Improvements include new plumbing, hardwood flooring, updated cabinets and appliances, fresh exterior paint, and upgraded finishes. All six apartments have two bedrooms and two bathrooms. Renovation work has been completed in units A and B, which are vacant and available to view; the remaining apartments can be seen during a second showing.
The property is at 4107 Lark Lane in Houston, minutes from the Texas Medical Center, NRG Stadium, and major Houston employment hubs. An investor packet is available.
The property is at 4107 Lark Lane in Houston, minutes from the Texas Medical Center, NRG Stadium, and major Houston employment hubs. An investor packet is available.
Key Highlights
- Six apartments, each with two bedrooms and two bathrooms
- Built in 2004
- Updates include new plumbing, hardwood flooring, cabinets, appliances, exterior paint, and interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,020
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,060,400
$1.1M
Cap Rate 7%
$757,429
$757.4K
Cap Rate 9%
$589,111
$589.1K
Market Conditions
NOI Build-Up for 4,680 SF
Gross rent
$102.8K $21.96/SF
− Vacancy
−$6.4K −$1.36/SF
EGI
$96.4K $20.60/SF
− OpEx
−$43.4K −$9.27/SF
NOI
$53.0K $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%
$1,060,400
Cap Rate 7%
$757,429
Cap Rate 9%
$589,111
Alternative Uses
Best Use
Apartment 5plus
$757.4K
$662.8K – $883.7K
NOI $53,020 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,240 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
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Business Placement
Demographics for 77025, TX
28,510
Population
15,752
Households
1.8
Avg Household Size
38
Median Age
71%
College-Educated
95%
High-School Grad
4.5 sq mi
ZIP Area
6,336
Density / Sq Mi
$78,076
Median Household Income
$61,238
Median Earnings
$1,484
Median Rent
$521,300
Median Home Value
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Market
Properties on Market for Apartment buildings in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence offers a two-bedroom, two-bathroom layout, with two units currently vacant.
Where is this apartment building located?
The property is located at 4107 Lark Lane Houston, TX.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Six apartments, each with two bedrooms and two bathrooms; Built in 2004; Updates include new plumbing, hardwood flooring, cabinets, appliances, exterior paint, and interior finishes
