Four-Bedroom Multifamily
For Sale
$174,999
5146 Markwood Lane, Houston, TX 77053
Single-level residence with an open common area, outdoor storage, and on-site parking.
Property Size1,336 SF
Price / SF$130.99
Days on Market23
Property Features for 5146 Markwood Lane
General Information
Standard status
Active
Size
1,336 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,357
Amenities
backyard storage shed
Yes
2
4
Appraiser
Subdivision
No
Public
4140
0.095
Slab
1336
Building Details
Building Size
1,336 SF
Year Built
1970
Stories
1
Listing Agency:
RE/MAX ONE
(832) 672-3000
Listed By:
Mandi Wilder
(832) 672-3000
Source:
Garygreene
Added: Aug 1
Changed: Aug 22
Last Checked: Aug 22 at 3:50AM
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 RE/MAX ONE
Investment Insights
Based on property information with market context.
This multifamily property is a four-bedroom, two-full-bath residence with an open arrangement connecting the kitchen, dining area, and living room. A storage shed is located in the backyard, and the property includes parking for four vehicles.
The home is situated at 5146 Markwood Lane in Houston, Texas 77053, within a subdivision. Built in 1970, the property offers a straightforward residential configuration with bedrooms, full baths, shared living space, and exterior storage.
The home is situated at 5146 Markwood Lane in Houston, Texas 77053, within a subdivision. Built in 1970, the property offers a straightforward residential configuration with bedrooms, full baths, shared living space, and exterior storage.
Key Highlights
- Four bedrooms and two full bathrooms
- Open kitchen, dining, and living area
- Backyard storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,136
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$302,720
$302.7K
Cap Rate 7%
$216,229
$216.2K
Cap Rate 9%
$168,178
$168.2K
Market Conditions
NOI Build-Up for 1,336 SF
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.
Gross rent
$29.3K $21.96/SF
− Vacancy
−$1.8K −$1.36/SF
EGI
$27.5K $20.60/SF
− OpEx
−$12.4K −$9.27/SF
NOI
$15.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$302,720
Cap Rate 7%
$216,229
Cap Rate 9%
$168,178
Alternative Uses
Best Use
Apartment 5plus
$216.2K
$189.2K – $252.3K
NOI $15,136 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.5K
$300.6K – $400.8K
NOI $24,048 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 77053, TX
30,350
Population
9,716
Households
3.1
Avg Household Size
34
Median Age
13%
College-Educated
72%
High-School Grad
11.4 sq mi
ZIP Area
2,662
Density / Sq Mi
$63,739
Median Household Income
$32,177
Median Earnings
$1,579
Median Rent
$166,200
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?
Multifamily property - Single-level residence with an open common area, outdoor storage, and on-site parking.
Where is this multifamily property located?
The property is located at 5146 Markwood Lane Houston, TX.
What is the asking price?
The asking price for this property is $174,999.
What are key features of this property?
This property features: Four bedrooms and two full bathrooms; Open kitchen, dining, and living area; Backyard storage shed
