Houston Multifamily Investment
801 North 66th Street Houston, TX 77011
801 North 66th Street, Houston, TX, 77011
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For Sale
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Fully occupied 8-plex in Houston's East End.
Property Size4,368 SF
Price / SF$171.70
Days on Market60
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 Agency
Coldwell Banker Ultimate
Listed by
Amanda Badawy · License #672908
Source
Crexi
Added: May 20 Checked: Jul 17 at 3:36 am
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
Investment Insights
Based on property information with market context.
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.
Key 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
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 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$982.8K – $1.31M
NOI $78,624 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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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 $750,000.
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
