Multi-Unit Residential Income
6706 Ralston Street Unit 14 Houston, TX 77016
6706 Ralston Street Unit 14, Houston, TX, 77016
$1,400,000
For Sale
$1,400,000
Well-maintained multi-unit building with multiple 2-bedroom, 1-bath residential units.
Property Size11,303 SF
Price / SF$123.86
Days on Market195
Property Features for 6706 Ralston Street Unit 14
General Information
- Standard status
- Active
- Size
- 11,303 SF
- Property subtype
- Multi-Family / Multiple Single Units
Building Details
- Year Built
- 1964
Listing agency
Keller Williams Realty DPR
(469) 863-2813
Listed by
Peace Essien · License #0789960
(469) 863-2813
Source
Compass
Added: Jan 7 Updated: Jul 21 at 12:34AM Checked: Jul 21 at 8:28AM
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 Keller Williams Realty DPR
Investment Insights
Based on property information with market context.
This multi-unit residential income building is presented as well-maintained and features multiple residential units, each configured with 2 bedrooms and 1 bathroom.
The property is offered for sale with convenient access to local amenities, and the exterior is described as clean and presentable.
With a consistent unit layout across the property, the building may be a fit for investors or owner-operators seeking rental income from residential units.
The property is offered for sale with convenient access to local amenities, and the exterior is described as clean and presentable.
With a consistent unit layout across the property, the building may be a fit for investors or owner-operators seeking rental income from residential units.
Key Highlights
- 14 total units in a two‑story, multi‑unit commercial property
- Each unit features 2 bedrooms and 1 bathroom
- Year built: 1964
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $248.2k | $21.96 |
| − Vacancy | −$15.4k | −$1.36 |
| EGI | $232.8k | $20.60 |
| − OpEx | −$104.8k | −$9.27 |
| NOI | $128.1k | $11.33 |
11,303 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.83M
$1.60M – $2.13M
NOI $128,054 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.91M
$2.54M – $3.39M
NOI $203,454 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pink and Wes mobile ...
Clothes Market
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FAQs
What type of property is this?
Multifamily property - Well-maintained multi-unit building with multiple 2-bedroom, 1-bath residential units.
Where is this multifamily property located?
The property is located at 6706 Ralston Street Unit 14 Houston, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 14 total units in a two‑story, multi‑unit commercial property; Each unit features 2 bedrooms and 1 bathroom; Year built: 1964
