5-Unit Furnished Apartment
New
For Sale
$714,990
5 Estelle Street 1, Houston, TX 77003
Renovated Houston apartments include furnishings, private entrances, and washer and dryer hookups.
Property Size3,140 SF
Price / SF$227.70
Days on Market5
Property Features for 5 Estelle Street 1
General Information
Standard status
Active
Size
3,140 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Second Ward
Additional Details
Furnished
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$12,332
Amenities
new appliances
Plank,Vinyl,Carpet
true
2
Furnished
Washer Hookup,Dryer Hookup
Appraiser
Furnished,Quartz Counters,Ceiling Fan(s),Programmable Thermostat
Subdivision
5000
One
Garage
Private Entrance
3140
Building Details
Building Size
3,140 SF
Year Built
1938
Buildings
1
Stories
2
Listing Agency:
LPT Realty, LLC
(832) 262-9488
Listed By:
Ken & Mayte Hayes
Source:
Klmrealtygroup
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 2:40PM
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 LPT Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5-unit apartment property in Houston contains 3,140 square feet across a building constructed in 1938. Renovations and furnishings are among its documented features, along with private entrances, garage parking, and washer and dryer hookups. Interior finishes include quartz counters, ceiling fans, programmable thermostats, vinyl plank flooring, and carpet.
The property is located on Estelle Street in Houston’s East Downtown area. Restaurants, shops, and recently developed buildings are noted in the surrounding area.
The property is located on Estelle Street in Houston’s East Downtown area. Restaurants, shops, and recently developed buildings are noted in the surrounding area.
Key Highlights
- 5 apartment units in a 3,140‑square‑foot building
- Renovated and furnished
- Private entrances and garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,574
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,480
$711.5K
Cap Rate 7%
$508,200
$508.2K
Cap Rate 9%
$395,267
$395.3K
Market Conditions
NOI Build-Up for 3,140 SF
Gross rent
$69.0K $21.96/SF
− Vacancy
−$4.3K −$1.36/SF
EGI
$64.7K $20.60/SF
− OpEx
−$29.1K −$9.27/SF
NOI
$35.6K $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%
$711,480
Cap Rate 7%
$508,200
Cap Rate 9%
$395,267
Alternative Uses
Best Use
Apartment 5plus
$508.2K
$444.7K – $592.9K
NOI $35,574 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$807.4K
$706.5K – $942.0K
NOI $56,520 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 77003, TX
11,874
Population
6,201
Households
1.9
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
4,398
Density / Sq Mi
$88,837
Median Household Income
$63,831
Median Earnings
$1,562
Median Rent
$363,000
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
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated Houston apartments include furnishings, private entrances, and washer and dryer hookups.
Where is this apartment building located?
The property is located at 5 Estelle Street 1 Houston, TX.
What is the asking price?
The asking price for this property is $714,990.
What are key features of this property?
This property features: 5 apartment units in a 3,140‑square‑foot building; Renovated and furnished; Private entrances and garage
