Stabilized 8-Unit Apartment
4718 Gunter St Houston, TX 77020
For Sale
Contact for pricing
Stabilized 8-unit multifamily property offered for sale with income-producing residential units.
Property Size2,992 SF
Price / SF$133.69
Days on Market105
Property Features for 4718 Gunter St
General Information
- Standard status
- Active
- Size
- 2,992 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1948
Listing Agency:
P95 Capital
Listed By:
Eduardo Pena · License #811232
Source:
Crexi
Added: Apr 13
Changed: Jul 22
Last Checked: Jul 25 at 3:26PM
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 P95 Capital
Investment Insights
Based on property information with market context.
This stabilized 8-unit apartment building is offered for sale as a residential income property. The asset consists of eight multifamily units within a single building, positioned for investors seeking existing stability.
The property is located at 4718 Gunter St, Houston, TX 77020. Public remarks indicate the location is directly across the street from 5th Ward and describes surrounding area activity as including new construction.
The property is located at 4718 Gunter St, Houston, TX 77020. Public remarks indicate the location is directly across the street from 5th Ward and describes surrounding area activity as including new construction.
Key Highlights
- Stabilized 8‑unit multifamily property with income‑producing residential units
- Built in 1948
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.7k | $21.96 |
| − Vacancy | −$4.1k | −$1.36 |
| EGI | $61.6k | $20.60 |
| − OpEx | −$27.7k | −$9.27 |
| NOI | $33.9k | $11.33 |
2,992 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$484.2K
$423.7K – $565.0K
NOI $33,897 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.4K
$673.2K – $897.6K
NOI $53,856 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Stabilized 8-unit multifamily property offered for sale with income-producing residential units.
Where is this apartment building located?
The property is located at 4718 Gunter St Houston, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Stabilized 8‑unit multifamily property with income‑producing residential units; Built in 1948
