Six-Unit Apartment
8346 Clark Rd, Waller, TX 77484
For Sale
$650,000
Three duplex buildings occupy a 4.29-acre parcel in Waller, Texas.
Property Size4,656 SF
Lot Size4.29 Acres
Price / SF$139.60
Days on Market39
Property Features for 8346 Clark Rd
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
LPT Realty, LLC
Listed By:
Ernestina Argueta · License TX #0769293
(832) 860-5399
Source:
Hautehausre
Added: Oct 2
Changed: Nov 7
Last Checked: Nov 8 at 5:11PM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
The multifamily property contains three duplex buildings with six units across 4.29 acres. The buildings total 4,656 square feet, and the stated year built is 2026. The appraisal district classifies the property as commercial real estate.
Located at 8346 Clark Rd in Waller, Texas, the property is being sold in its current condition. No water well or septic system is installed, and the seller will not add either.
Located at 8346 Clark Rd in Waller, Texas, the property is being sold in its current condition. No water well or septic system is installed, and the seller will not add either.
Key Highlights
- Six units in three separate duplex buildings
- 4.29‑acre property at 8346 Clark Rd, Waller, TX 77484
- 4,656 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,869
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,380
$617.4K
Cap Rate 7%
$440,986
$441.0K
Cap Rate 9%
$342,989
$343.0K
Market Conditions
NOI Build-Up for 4,656 SF
Gross rent
$62.0K $13.32/SF
− Vacancy
−$5.9K −$1.27/SF
EGI
$56.1K $12.05/SF
− OpEx
−$25.3K −$5.42/SF
NOI
$30.9K $6.63/SF
Area
Harris County, TX
Vacancy
9.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,380
Cap Rate 7%
$440,986
Cap Rate 9%
$342,989
Alternative Uses
Best Use
Apartment 5plus
$441.0K
$385.9K – $514.5K
NOI $30,869 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,993 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
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Business Placement
Demographics for 77484, TX
13,449
Population
5,180
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
84%
High-School Grad
151.0 sq mi
ZIP Area
89
Density / Sq Mi
$71,446
Median Household Income
$35,091
Median Earnings
$1,075
Median Rent
$243,400
Median Home Value
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Market
Properties on Market for Apartment buildings in Harris County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Three duplex buildings occupy a 4.29-acre parcel in Waller, Texas.
Where is this apartment building located?
The property is located at 8346 Clark Rd Waller, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Six units in three separate duplex buildings; 4.29‑acre property at 8346 Clark Rd, Waller, TX 77484; 4,656 square feet of building area
