18-Unit Apartment
For Sale
$849,000
6-1920 Binz St, Houston, TX 77004
Three contiguous tracts comprise an income-producing residential property in Houston’s Museum District.
Property Size3,684 SF
Price / SF$230.46
Days on Market170
Property Features for 6-1920 Binz St
General Information
Standard status
Active
Size
3,684 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
18
Taxes and HOA fees
Annual Taxes
$19,139
Listing Agency:
World Wide Realty, LLC
(832) 877-2740
Listed By:
Yolanda Jones · License #0535796
(832) 654-4559
Source:
Exprealty
Added: Apr 21
Changed: Sep 14
Last Checked: Oct 5 at 9:36PM
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 World Wide Realty, LLC
Investment Insights
Based on property information with market context.
This apartment property combines three contiguous tracts and 18 income-producing units at 5614 Chartres St #5, 1920 Binz St #6, and 1914 Binz St #7. The assembled holdings provide multiple residential assets within Houston’s Museum District.
The property is positioned near major employment centers, including the Medical Center and Downtown. Access to Hwy 288 and the Metro Rail supports connectivity, while nearby museums, parks, restaurants, and cultural destinations contribute to the surrounding urban setting.
The property is positioned near major employment centers, including the Medical Center and Downtown. Access to Hwy 288 and the Metro Rail supports connectivity, while nearby museums, parks, restaurants, and cultural destinations contribute to the surrounding urban setting.
Key Highlights
- 18 income‑producing apartment units across three contiguous tracts
- Three tract addresses: 5614 Chartres St #5, 1920 Binz St #6, and 1914 Binz St #7
- Located in Houston’s Museum District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,737
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,740
$834.7K
Cap Rate 7%
$596,243
$596.2K
Cap Rate 9%
$463,744
$463.7K
Market Conditions
NOI Build-Up for 3,684 SF
Gross rent
$80.9K $21.96/SF
− Vacancy
−$5.0K −$1.36/SF
EGI
$75.9K $20.60/SF
− OpEx
−$34.1K −$9.27/SF
NOI
$41.7K $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%
$834,740
Cap Rate 7%
$596,243
Cap Rate 9%
$463,744
Alternative Uses
Best Use
Apartment 5plus
$596.2K
$521.7K – $695.6K
NOI $41,737 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$947.3K
$828.9K – $1.11M
NOI $66,312 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,109
Businesses Nearby
Explore this area
Business Placement
Demographics for 77004, TX
37,005
Population
18,321
Households
2
Avg Household Size
31
Median Age
57%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
7,116
Density / Sq Mi
$65,901
Median Household Income
$55,909
Median Earnings
$1,320
Median Rent
$384,100
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?
Apartment building - Three contiguous tracts comprise an income-producing residential property in Houston’s Museum District.
Where is this apartment building located?
The property is located at 6-1920 Binz St Houston, TX.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 18 income‑producing apartment units across three contiguous tracts; Three tract addresses: 5614 Chartres St #5, 1920 Binz St #6, and 1914 Binz St #7; Located in Houston’s Museum District
