EaDo Income-Generating Multifamily
For Sale
Contact for pricing
5 Estelle St, Houston, TX 77003
Newly renovated, fully furnished 5-unit building in prime Houston location.
Property Size3,140 SF
Price / SF$228.98
Days on Market618
Property Features for 5 Estelle St
General Information
Standard status
Active
Size
3,140 SF
Property subtype
Multifamily
Building Details
Year Built
1938
Listing Agency:
LPT Realty, LLC
Listed By:
Spencer Igwe · License #817111
Source:
Crexi
Added: Nov 20, 2024
Changed: Jul 6
Last Checked: Jul 30 at 6:38AM
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
Investment Insights
Based on property information with market context.
Located in the EaDo neighborhood, minutes from downtown Houston, this income-generating property features a newly renovated, fully furnished 5-unit building. The property is situated in a prime location near restaurants, shops, and newly developed buildings. Each unit is move-in ready with modern finishes and new appliances. The property offers appreciation potential in one of Houston’s fastest-growing neighborhoods. The property size is 3140 square feet.
Key Highlights
- High‑income generating property with strong rental income.
- Fully furnished, newly renovated 5‑unit building.
- Prime location in the heart of EaDo, minutes from downtown Houston.
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 | $69.0k | $21.96 |
| − Vacancy | −$4.3k | −$1.36 |
| EGI | $64.7k | $20.60 |
| − OpEx | −$29.1k | −$9.27 |
| NOI | $35.6k | $11.33 |
3,140 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$508.2K
$444.7K – $592.9K
NOI $35,574 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$807.4K
$706.5K – $942.0K
NOI $56,520 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,213
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
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 - Newly renovated, fully furnished 5-unit building in prime Houston location.
Where is this apartment building located?
The property is located at 5 Estelle St Houston, TX.
What is the asking price?
The asking price for this property is $718,995.
What are key features of this property?
This property features: High‑income generating property with strong rental income.; Fully furnished, newly renovated 5‑unit building.; Prime location in the heart of EaDo, minutes from downtown Houston.
