Five-Unit Apartment
For Sale
$675,000
5640 Birchmont Drive # C, Houston, TX 77091
Each residence has a dedicated parking space, with private patios or balconies at several units.
Property Size4,921 SF
Price / SF$137.17
Days on Market64
Property Features for 5640 Birchmont Drive # C
General Information
Standard status
Active
Size
4,921 SF
Total Parking Spaces
5
Property subtype
Multi Family,Multiple Detached Dwellings
Site & Location
Neighborhood
Candlelight Oaks Village Maintenance Fund, Inc.
Units
Multifamily Units
5
Parking per Unit
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,522
Amenities
washer
dryer
refrigerator
range
oven
microwave
private patio
covered balcony
screened balcony
front covered private balcony
large patio area
Building Details
Building Size
4,921 SF
Year Built
1972
Listing Agency:
5th Stream Realty
Listed By:
Arfacxad Cabrera · License #0665091
(832) 465-1692
Source:
Cartersignatureproperties
Added: Aug 26
Changed: Oct 27
Last Checked: Oct 26 at 3:22PM
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 5th Stream Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,921-square-foot apartment property contains five units and was built in 1972. Each residence has a dedicated parking space. Washer and dryer sets and kitchen appliances are included in some units; the appliance mix varies by residence.
Renovations include work completed in 2023 at one unit and updates finished in December 2024 and March 2025 at two others. Improvements across these residences include quartz or granite countertops, replacement cabinetry, stainless steel appliances, remodeled bathrooms, laminate flooring, HVAC work and electrical updates. Private outdoor areas include a 108-foot patio, a covered balcony, a screened 119-square-foot balcony, a covered front balcony and a large patio. One unit is occupied by a long-term renter and is next to a community park. The property is near the Heights and Downtown.
Renovations include work completed in 2023 at one unit and updates finished in December 2024 and March 2025 at two others. Improvements across these residences include quartz or granite countertops, replacement cabinetry, stainless steel appliances, remodeled bathrooms, laminate flooring, HVAC work and electrical updates. Private outdoor areas include a 108-foot patio, a covered balcony, a screened 119-square-foot balcony, a covered front balcony and a large patio. One unit is occupied by a long-term renter and is next to a community park. The property is near the Heights and Downtown.
Key Highlights
- Five apartment units with a dedicated parking space for each
- 4,921 square feet; built in 1972
- Unit renovations completed in 2023, December 2024 and March 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,751
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,115,020
$1.1M
Cap Rate 7%
$796,443
$796.4K
Cap Rate 9%
$619,456
$619.5K
Market Conditions
NOI Build-Up for 4,921 SF
Gross rent
$108.1K $21.96/SF
− Vacancy
−$6.7K −$1.36/SF
EGI
$101.4K $20.60/SF
− OpEx
−$45.6K −$9.27/SF
NOI
$55.8K $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%
$1,115,020
Cap Rate 7%
$796,443
Cap Rate 9%
$619,456
Alternative Uses
Best Use
Apartment 5plus
$796.4K
$696.9K – $929.2K
NOI $55,751 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,578 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Explore this area
Business Placement
Demographics for 77091, TX
28,020
Population
12,501
Households
2.2
Avg Household Size
34
Median Age
19%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
3,946
Density / Sq Mi
$35,737
Median Household Income
$28,906
Median Earnings
$1,061
Median Rent
$223,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has a dedicated parking space, with private patios or balconies at several units.
Where is this apartment building located?
The property is located at 5640 Birchmont Drive # C Houston, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Five apartment units with a dedicated parking space for each; 4,921 square feet; built in 1972; Unit renovations completed in 2023, December 2024 and March 2025
