Houston Multifamily Investment
801 North 66th Street, Houston, TX 77011
Fully occupied 8-plex in Houston's East End.
Type:Multifamily
Property size:
4,368 SFPrice / SF:
$177/SF- Added:
- May 20, 2026
- Days on Market:
- 15
- Last Refresh:
- May 21 at 7:29 am
Property Features for 801 North 66th Street
General Information
- Standard status
- Active
- Size
- 4,368 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1946
Listing agent Amanda Badawy License #672908
Listing office Coldwell Banker Ultimate
Listing date May 20, 2026
Source Crexi
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 Coldwell Banker Ultimate
HighLights
- High cash flow with an actual NOI of $57,741
- Fully occupied 8‑plex in Houston's Greater East End
- Located inside the Loop, offering a low‑risk investment
- Recent high‑value capital improvements: new roof, replaced water main lines, updated attic insulation
- Value‑add opportunity through cosmetic updates to increase equity and yield
- Excellent location with easy access to Downtown Houston, EaDo, University of Houston, and the Port of Houston
Overview
Located in Houston's Greater East End, this fully occupied 8-plex at 801-803 66th St offers a stabilized multifamily cash flow. The property has an actual NOI of $57,741. High-ticket capital expenditures have been addressed, including a recent roof, replaced water main lines, and updated attic insulation. The property is located in the urban infill pocket of Magnolia Park, providing residents with access to Downtown Houston, the commercial corridors of EaDo, the University of Houston, and the Port of Houston. This property offers immediate, reliable income and long-term land value appreciation.
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 | $95.9k | $21.96 |
| − Vacancy | −$5.9k | −$1.36 |
| EGI | $90.0k | $20.60 |
| − OpEx | −$40.5k | −$9.27 |
| NOI | $49.5k | $11.33 |
4,368 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$706.9K
$618.6K – $824.8K
NOI $49,486 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$982.8K – $1.31M
NOI $78,624 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.3083511
- Latitude
- 29.7431523
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied 8-plex in Houston's East End.
Where is this apartment building located?
The property is located at 801 North 66th Street Houston, TX.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: High cash flow with an actual NOI of $57,741; Fully occupied 8‑plex in Houston's Greater East End; Located inside the Loop, offering a low‑risk investment
