Fully Occupied 10-Unit Apartment
For Sale
$999,900
4613 Cavalcade St 10, Houston, TX 77026
Recently stabilized multifamily property with all residences leased and water costs currently absorbed by ownership.
Property Size7,680 SF
Days on Market37
Property Features for 4613 Cavalcade St 10
General Information
Standard status
Active
Size
7,680 SF
Property subtype
Investment
Occupancy
100%
Lease Term
12 months
Net Operating Income
$75,600
Additional Details
Gross Income
$122,800
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$13,854
Building Details
Building Size
7,680 SF
Year Built
1973
Stories
2
Units
1
Listed By:
Sarah Virani · License #0622119
(832) 576-5392
Source:
Elliman
Added: Sep 2
Changed: Sep 26
Last Checked: Oct 7 at 12:55PM
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 Sarah Virani
Investment Insights
Based on property information with market context.
This 10-unit apartment property, built in 1973, has recently reached stabilized operations and is currently fully occupied. The asset has an established operating history based on January through July 2026 operations. Ownership currently absorbs certain utility expenses, including water, and a Ratio Utility Billing System (RUBS) is identified as a potential reimbursement structure. Financial statements and the rent roll are available upon request.
The property is located at 4613 Cavalcade St in Houston, TX 77026. Walk Score is 34, categorized as Car-Dependent; Bike Score is 51, categorized as Bikeable; and Transit Score is 47, categorized as Some Transit.
The property is located at 4613 Cavalcade St in Houston, TX 77026. Walk Score is 34, categorized as Car-Dependent; Bike Score is 51, categorized as Bikeable; and Transit Score is 47, categorized as Some Transit.
Key Highlights
- 10‑unit multifamily property with 100% occupancy
- Built in 1973 and recently stabilized
- January through July 2026 operating history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,008
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,740,160
$1.7M
Cap Rate 7%
$1,242,971
$1.2M
Cap Rate 9%
$966,756
$966.8K
Market Conditions
NOI Build-Up for 7,680 SF
Gross rent
$168.7K $21.96/SF
− Vacancy
−$10.5K −$1.36/SF
EGI
$158.2K $20.60/SF
− OpEx
−$71.2K −$9.27/SF
NOI
$87.0K $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%
$1,740,160
Cap Rate 7%
$1,242,971
Cap Rate 9%
$966,756
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,008 @ 7.0% cap · market cap 8.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,240 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
405
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Recently stabilized multifamily property with all residences leased and water costs currently absorbed by ownership.
Where is this apartment building located?
The property is located at 4613 Cavalcade St 10 Houston, TX.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 10‑unit multifamily property with 100% occupancy; Built in 1973 and recently stabilized; January through July 2026 operating history
