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16-Unit Studio Apartment Building
For Sale
$485,000

7930 Ritz Street # 16, Houston, TX 77028

Houston apartment property with community laundry, office space, and on-site parking serving a compact studio-unit layout.

Property Size4,447 SF
Lot Size0.34 Acres
Price / SF$109.06
Days on Market415

Property Features for 7930 Ritz Street # 16

General Information

Standard status Active
Size 4,447 SF
Lot size 0.34 Acres
Property subtype Multi Family,5 Plus

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 16 x studio
Multifamily Units 16

Taxes and HOA fees

Annual Taxes $5,444

Amenities

community laundry room
office space

Building Details

Building Size 4,447 SF
Year Built 1975
Listing Agency: eXp Realty, LLC
Listed By: Adam Olsen · License ##0642075
Source: Mpowerrealtygroup
Added: Jun 17, 2025 Changed: Aug 3 Last Checked: Aug 5 at 4:05AM

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 Houston apartment building contains 16 studio units, each approximately 280 square feet, within a 4,447-square-foot structure. Built in 1975, the property occupies a 14,760-square-foot lot and includes a community laundry room, office space, and parking. The office area is identified as a possible source of additional unit income through conversion.

The property is located in the Liberty Road Manor subdivision at 7930 Ritz Street in Houston. The source information also identifies access to major highways, public transportation, and nearby amenities, with professional management in place. Its unit count, studio configuration, shared laundry facility, and supporting office area define the operating profile of the asset.

Key Highlights

  • 16 studio units, each approximately 280 SF
  • 4,447 SF multifamily building on a 14,760 SF lot
  • Built in 1975

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

240
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Houston apartment property with community laundry, office space, and on-site parking serving a compact studio-unit layout.
Where is this apartment building located?
The property is located at 7930 Ritz Street # 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: 16 studio units, each approximately 280 SF; 4,447 SF multifamily building on a 14,760 SF lot; Built in 1975
More about this property
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