Four-Bedroom Multifamily
For Sale
$164,999
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$123.50
Days on Market69
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:
Coldwell Banker Properties Unlimited
(713) 961-1722
Listed By:
Mandi Wilder
(832) 672-3000
Source:
Garygreene
Added: Aug 1
Changed: Oct 7
Last Checked: Oct 7 at 10:18AM
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 Coldwell Banker Properties Unlimited
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 / Yr
$15,136
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
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
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 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 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.5K
$300.6K – $400.8K
NOI $24,048 @ 7.0% cap · market cap 14.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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 $164,999.
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
