17-Unit Renovated Apartment
For Sale
Contact for pricing
4831 Sycamore Avenue, Pasadena, TX 77503
Single-story multifamily property with most units upgraded and ongoing in-place cash flow.
Property Size14,600 SF
Price / SF$92.40
Days on Market146
Property Features for 4831 Sycamore Avenue
General Information
Standard status
Active
Size
14,600 SF
Property subtype
Multifamily
Investment Type
Value Add
Net Operating Income
$102,581
Additional Details
Cap Rate
7.6%
Multifamily Units
17
Building Details
Year Built
1963
Stories
1
Units
17
Listing Agency:
My Castle Realty
(713) 683-0054
Listed By:
Gary Bisha · License #TX 0508227
Source:
Crexi
Added: Apr 9
Changed: Aug 30
Last Checked: Aug 31 at 12:47PM
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 My Castle Realty
Investment Insights
Based on property information with market context.
Built in 1963, this 14,600-square-foot apartment property contains 17 single-story units in Pasadena, Texas. Renovation work has been completed in 16 units, leaving one unit that has not yet been upgraded. The asset is operating at a 7.6% in-place cap rate and provides an established income stream.
The property is situated within the Houston MSA, near the Houston Ship Channel and major industrial employment corridors. Its location and unit configuration support continued operation as a multifamily asset, with remaining renovation work limited to one apartment based on the reported unit improvements.
The property is situated within the Houston MSA, near the Houston Ship Channel and major industrial employment corridors. Its location and unit configuration support continued operation as a multifamily asset, with remaining renovation work limited to one apartment based on the reported unit improvements.
Key Highlights
- 17‑unit single‑story apartment property in Pasadena, TX
- 14,600 SF multifamily property built in 1963
- 16 of 17 units have been upgraded
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 77503, TX
24,956
Population
8,980
Households
2.8
Avg Household Size
33
Median Age
10%
College-Educated
70%
High-School Grad
6.3 sq mi
ZIP Area
3,961
Density / Sq Mi
$64,977
Median Household Income
$37,015
Median Earnings
$1,211
Median Rent
$165,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Single-story multifamily property with most units upgraded and ongoing in-place cash flow.
Where is this apartment building located?
The property is located at 4831 Sycamore Avenue Pasadena, TX.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: 17‑unit single‑story apartment property in Pasadena, TX; 14,600 SF multifamily property built in 1963; 16 of 17 units have been upgraded
