10-Unit Apartment
807 Heights Boulevard # 10, Houston, TX 77007
For Sale
New
$1,100,000
Covered on-site parking is supplemented by additional street parking along the boulevard.
Property Size6,585 SF
Lot Size0.17 Acres
Days on Market4
Property Features for 807 Heights Boulevard # 10
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Road Access
Units
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Inner Loop West
Listed By:
Brian Janak
(832) 247-6333
Source:
Mpowerrealtygroup
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 10:16AM
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 Inner Loop West
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Investment Insights
Based on property information with market context.
Built in 1960, this 10-unit apartment property occupies a 7,500-square-foot site at 807 Heights Boulevard in Houston. The building is functional but needs work, and it is currently fully occupied. Covered parking is provided at a one-to-one ratio, with additional street parking available along the boulevard.
Key Highlights
- 10 apartments on a 7,500‑square‑foot site
- Built in 1960
- Fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,603
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,492,060
$1.5M
Cap Rate 7%
$1,065,757
$1.1M
Cap Rate 9%
$828,922
$828.9K
Market Conditions
NOI Build-Up for 6,585 SF
Gross rent
$144.6K $21.96/SF
− Vacancy
−$9.0K −$1.36/SF
EGI
$135.6K $20.60/SF
− OpEx
−$61.0K −$9.27/SF
NOI
$74.6K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,492,060
Cap Rate 7%
$1,065,757
Cap Rate 9%
$828,922
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$932.5K – $1.24M
NOI $74,603 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.98M
NOI $118,530 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
10
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,589
Businesses Nearby
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Business Placement
Demographics for 77007, TX
42,908
Population
26,281
Households
1.6
Avg Household Size
34
Median Age
80%
College-Educated
99%
High-School Grad
7.5 sq mi
ZIP Area
5,721
Density / Sq Mi
$140,878
Median Household Income
$92,408
Median Earnings
$1,951
Median Rent
$501,300
Median Home Value
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Market
Properties on Market for Apartment buildings in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Covered on-site parking is supplemented by additional street parking along the boulevard.
Where is this apartment building located?
The property is located at 807 Heights Boulevard # 10 Houston, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 10 apartments on a 7,500‑square‑foot site; Built in 1960; Fully occupied
