11-Unit Apartment
New
For Sale
$850,000
5301 Collingsworth, Houston, TX 77026
The multifamily property comprises 11 residential units.
Property Size4,598 SF
Price / SF$184.86
Days on Market3
Property Features for 5301 Collingsworth
General Information
Standard status
Active
Size
4,598 SF
Property subtype
Apartment
Site & Location
Neighborhood
Kashmere Gardens
Additional Details
Multifamily Units
11
Building Details
Building Size
4,598 SF
Year Built
1979
Listing Agency:
Dallas Property Advisors, LLC
Listed By:
Matteo Faeth · License #0619346
(469) 554-0430
Source:
Alleyhomeandland
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 26 at 2:48PM
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 Dallas Property Advisors, LLC
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Investment Insights
Based on property information with market context.
This Houston apartment property contains 11 units and was built in 1979. It is located at 5301 Collingsworth, Houston, TX 77026.
Key Highlights
- 11‑unit apartment property
- Built in 1979
- 5301 Collingsworth, Houston, TX 77026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,091
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,041,820
$1.0M
Cap Rate 7%
$744,157
$744.2K
Cap Rate 9%
$578,789
$578.8K
Market Conditions
NOI Build-Up for 4,598 SF
Gross rent
$101.0K $21.96/SF
− Vacancy
−$6.3K −$1.36/SF
EGI
$94.7K $20.60/SF
− OpEx
−$42.6K −$9.27/SF
NOI
$52.1K $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%
$1,041,820
Cap Rate 7%
$744,157
Cap Rate 9%
$578,789
Alternative Uses
Best Use
Apartment 5plus
$744.2K
$651.1K – $868.2K
NOI $52,091 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,764 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
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Business Placement
Demographics for 77026, TX
23,405
Population
9,580
Households
2.4
Avg Household Size
36
Median Age
9%
College-Educated
70%
High-School Grad
6.6 sq mi
ZIP Area
3,546
Density / Sq Mi
$34,835
Median Household Income
$29,339
Median Earnings
$962
Median Rent
$104,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The multifamily property comprises 11 residential units.
Where is this apartment building located?
The property is located at 5301 Collingsworth Houston, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 11‑unit apartment property; Built in 1979; 5301 Collingsworth, Houston, TX 77026
