EaDo Income-Generating Multifamily
For Sale
$714,990
5 Estelle Street # 1, Houston, TX 77003
Newly renovated, fully furnished 5-unit building in prime Houston location.
Property Size3,140 SF
Price / SF$227.70
Days on Market213
Property Features for 5 Estelle Street # 1
General Information
Standard status
Active
Size
3,140 SF
Property subtype
Multi Family,5 Plus
Site & Location
Neighborhood
Second Ward
Taxes and HOA fees
Annual Taxes
$12,332
Building Details
Building Size
3,140 SF
Year Built
1938
Listing Agency:
LPT Realty, LLC
Listed By:
Spencer Igwe · License #817111
(832) 217-5593
Source:
Livingvoguerealestate
Added: Mar 26
Changed: Oct 15
Last Checked: Oct 23 at 1:19PM
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
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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
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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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 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: 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.
