Houston Multifamily Investment
For Sale
$485,000
7930 Ritz St 16, Houston, TX 77028
16-unit multifamily property in Houston's Liberty Road Manor subdivision.
Property Size4,447 SF
Lot Size0.34 Acres
Price / SF$109.06
Days on Market152
Property Features for 7930 Ritz St 16
General Information
Standard status
Active
Size
4,447 SF
Lot size
0.34 Acres
Property subtype
Investment
Lease Term
12 months
Taxes and HOA fees
Annual Taxes
$5,444
Building Details
Building Size
4,447 SF
Year Built
1975
Stories
1
Listing Agency:
eXp Realty, LLC
(936) 689-9123
Listed By:
Adam Olsen · License #0642075
(936) 689-9123
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Located in the Liberty Road Manor subdivision of Houston, this multifamily property at 7930 Ritz Street #16 presents an investment opportunity. Constructed in 1975, the building has 16 studio units, each approximately 280 square feet, totaling 4,447 square feet of space on a 14,760 square foot lot. The property features a community laundry room and office space, which offers the potential for conversion into additional income-generating units. Ample parking is available. The property benefits from professional management and convenient access to major highways, public transportation, and nearby amenities, potentially supporting long-term growth and consistent occupancy.
Key Highlights
- Multifamily property with 16 studio units, providing immediate rental income.
- Large 14,760 SF lot in the Liberty Road Manor subdivision.
- Potential for value‑add through conversion of office space into additional income‑generating units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 77028, TX
18,701
Population
7,102
Households
2.6
Avg Household Size
35
Median Age
8%
College-Educated
69%
High-School Grad
9.1 sq mi
ZIP Area
2,055
Density / Sq Mi
$36,244
Median Household Income
$28,099
Median Earnings
$1,115
Median Rent
$108,200
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 - 16-unit multifamily property in Houston's Liberty Road Manor subdivision.
Where is this apartment building located?
The property is located at 7930 Ritz St 16 Houston, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Multifamily property with 16 studio units, providing immediate rental income.; Large 14,760 SF lot in the Liberty Road Manor subdivision.; Potential for value‑add through conversion of office space into additional income‑generating units.
