16-Unit Apartment
For Sale
$485,000
7930 Ritz Street, Houston, TX 77028
A 16-unit multifamily property with spacious 1/1 layouts and on-site parking, built in 1975.
Property Size4,447 SF
Lot Size0.34 Acres
Price / SF$109.06
Days on Market60
Property Features for 7930 Ritz Street
General Information
Standard status
Active
Size
4,447 SF
Lot size
0.34 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
16
Building Details
Building Size
4,447 SF
Year Built
1975
Listing Agency:
eXp Realty, LLC
(713) 614-2670
Listed By:
Adam Olsen, CCIM · License #TX #0642075
Source:
Thecommercialprofessionals
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 22 at 5:22AM
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.
This 16-unit apartment building at 7930 Ritz Street includes a mix of studio-style 1/1 apartments. The property totals 4,447 square feet and was built in 1975, offering established residential layouts within a single multifamily structure.
The building sits on a 14,760 square foot lot and provides ample parking for residents. Public remarks also note professional management in place, which can be relevant for buyers looking for an operating asset.
For investors or operators, the unit count provides a straightforward, manageable scale for underwriting residential rental income. The presence of studio 1/1 configurations may appeal to renters seeking compact, space-efficient floor plans, and the combination of on-site parking and professional management supports day-to-day operations. Buyers should review the stated unit mix and consider whether any value-add improvements are desirable based on their acquisition strategy.
The building sits on a 14,760 square foot lot and provides ample parking for residents. Public remarks also note professional management in place, which can be relevant for buyers looking for an operating asset.
For investors or operators, the unit count provides a straightforward, manageable scale for underwriting residential rental income. The presence of studio 1/1 configurations may appeal to renters seeking compact, space-efficient floor plans, and the combination of on-site parking and professional management supports day-to-day operations. Buyers should review the stated unit mix and consider whether any value-add improvements are desirable based on their acquisition strategy.
Key Highlights
- 16‑unit multifamily property with 1/1 studio apartments
- 4,447 SF building on a 14,760 SF lot
- Unit mix: 1/1 studio apartments at 280 SF each
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
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 - A 16-unit multifamily property with spacious 1/1 layouts and on-site parking, built in 1975.
Where is this apartment building located?
The property is located at 7930 Ritz Street 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: 16‑unit multifamily property with 1/1 studio apartments; 4,447 SF building on a 14,760 SF lot; Unit mix: 1/1 studio apartments at 280 SF each
