Remodeled Unit with Paid
For Sale
$100,000
4500 Sherwood Ln 10, Houston, TX 77092
Updated unit near Galleria; HOA covers all bills.
Property Size646 SF
Lot Size1.39 Acres
Days on Market325
Property Features for 4500 Sherwood Ln 10
General Information
Standard status
Active
Size
646 SF
Lot size
1.39 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$936
Building Details
Building Size
646 SF
Year Built
1970
Stories
1
Listing Agency:
Soluna Realty
Listed By:
Roger Pallas-Nieto · License #0612663
(409) 767-0315
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 19
Last Checked: Oct 19 at 6:49AM
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 Soluna Realty
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Investment Insights
Based on property information with market context.
This remodeled unit features an updated kitchen with new cabinets, fancy granite countertops, a deep single sink bowl, and GE slate appliances. The flooring is wood-look throughout. The bathroom includes a walk-in shower with a tempered glass shower door, a modern bath vanity, and Italian 'Carrara' marble rectified tile. A new LG stackable washer and dryer are included. The unit has two balconies and one assigned covered parking space. Located near the intersection of 610 and 290, it is approximately 10 minutes from the Galleria area. The air conditioning unit was replaced in 2022. The community is small and quiet, with a pool. The HOA fees cover all bills.
Key Highlights
- HOA fees cover all bills paid
- Completely remodeled unit with modern finishes**
- Updated kitchen with new cabinets, granite countertops, and GE slate appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,319
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$146,380
$146.4K
Cap Rate 7%
$104,557
$104.6K
Cap Rate 9%
$81,322
$81.3K
Market Conditions
NOI Build-Up for 646 SF
Gross rent
$14.2K $21.96/SF
− Vacancy
−$880 −$1.36/SF
EGI
$13.3K $20.60/SF
− OpEx
−$6.0K −$9.27/SF
NOI
$7.3K $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%
$146,380
Cap Rate 7%
$104,557
Cap Rate 9%
$81,322
Alternative Uses
Best Use
Apartment 5plus
$104.6K
$91.5K – $122.0K
NOI $7,319 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$166.1K
$145.4K – $193.8K
NOI $11,628 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,347
Businesses Nearby
Explore this area
Business Placement
Demographics for 77092, TX
34,903
Population
16,158
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
75%
High-School Grad
8.1 sq mi
ZIP Area
4,309
Density / Sq Mi
$56,741
Median Household Income
$34,895
Median Earnings
$1,228
Median Rent
$222,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated unit near Galleria; HOA covers all bills.
Where is this apartment building located?
The property is located at 4500 Sherwood Ln 10 Houston, TX.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: HOA fees cover all bills paid; Completely remodeled unit with modern finishes**; Updated kitchen with new cabinets, granite countertops, and GE slate appliances
