10-Unit Apartment
For Sale
$999,900
4613 Cavalcade Street # 10, Houston, TX 77026
All ten apartments are occupied, with ownership currently covering certain utility expenses, including water.
Property Size7,680 SF
Price / SF$130.20
Days on Market57
Property Features for 4613 Cavalcade Street # 10
General Information
Standard status
Active
Size
7,680 SF
Property subtype
Multi Family,5 Plus
Occupancy
100%
Net Operating Income
$75,600
Site & Location
Neighborhood
Kashmere Gardens
Additional Details
Gross Income
$122,800
Multifamily Units
10
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$13,854
Building Details
Building Size
7,680 SF
Year Built
1973
Listing Agency:
Sarah Virani
Listed By:
Sarah Virani · License #0622119
(832) 576-5392
Source:
Arriagarealtytx
Added: Sep 1
Changed: Oct 26
Last Checked: Oct 26 at 11:47AM
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
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Investment Insights
Based on property information with market context.
This 10-unit apartment property contains 7,680 square feet and was built in 1973. All units are occupied. Ownership currently pays certain utility costs, including water; a Ratio Utility Billing System is identified as a potential approach to utility reimbursement.
The property has an established operating history, with operations cited from January through July 2026.
The property has an established operating history, with operations cited from January through July 2026.
Key Highlights
- 10‑unit multifamily property with 7,680 square feet
- Built in 1973
- All units occupied
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.
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Open Analytics
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - All ten apartments are occupied, with ownership currently covering certain utility expenses, including water.
Where is this apartment building located?
The property is located at 4613 Cavalcade Street # 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 7,680 square feet; Built in 1973; All units occupied
