Turnkey 3BR/2BA Residential Income
8009 Cora Street Houston, TX 77088
For Sale
Contact for pricing
3-bedroom, 2-bath units with smart locks and privacy glass doors, offered with no HOA restrictions.
Property Size2,480 SF
Price / SF$176.61
Days on Market66
Property Features for 8009 Cora Street
General Information
- Standard status
- Active
- Size
- 2,480 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2026
Listing Agency:
NetWorth Builders
Listed By:
ADEWALE LAWAL · License #TX 736740
Source:
Crexi
Added: May 21
Changed: Jul 22
Last Checked: Jul 24 at 1:42PM
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 NetWorth Builders
Investment Insights
Based on property information with market context.
This residential income property offers units configured with 3 bedrooms and 2 bathrooms, each featuring an open-concept layout. Interior details include 10-foot ceilings on the first level, smart electric locks, and privacy glass front doors, along with an additional upstairs hall coat closet. Primary suites are upgraded with barn-style shower doors, rainfall showerheads, and handheld sprayers.
Located at 8009 Cora Street in Houston, the property is described as less than 5 miles from Apple’s newest Houston headquarters and minutes from the new Lyndon B. Johnson Hospital campus. The offering is presented as a no-HOA-restrictions opportunity, providing flexibility for an investor’s strategy.
If you’re looking for a turnkey setup with consistent unit interiors and modern in-home features, this asset is ready for a showing.
Located at 8009 Cora Street in Houston, the property is described as less than 5 miles from Apple’s newest Houston headquarters and minutes from the new Lyndon B. Johnson Hospital campus. The offering is presented as a no-HOA-restrictions opportunity, providing flexibility for an investor’s strategy.
If you’re looking for a turnkey setup with consistent unit interiors and modern in-home features, this asset is ready for a showing.
Key Highlights
- Year built 2026
- Each unit offers 3 bedrooms and 2 bathrooms with an open‑concept layout
- First level features 10‑foot ceilings
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 | $54.5k | $21.96 |
| − Vacancy | −$3.4k | −$1.36 |
| EGI | $51.1k | $20.60 |
| − OpEx | −$23.0k | −$9.27 |
| NOI | $28.1k | $11.33 |
2,480 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$401.4K
$351.2K – $468.3K
NOI $28,096 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$637.7K
$558.0K – $744.0K
NOI $44,640 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Multifamily property - 3-bedroom, 2-bath units with smart locks and privacy glass doors, offered with no HOA restrictions.
Where is this multifamily property located?
The property is located at 8009 Cora Street Houston, TX.
What is the asking price?
The asking price for this property is $438,000.
What are key features of this property?
This property features: Year built 2026; Each unit offers 3 bedrooms and 2 bathrooms with an open‑concept layout; First level features 10‑foot ceilings
