Residential Income
For Sale
$1,385,000
840 Cortlandt Street 8, Houston, TX 77007
The property includes window-unit cooling, a carport, and a range and refrigerator.
Property Size4,116 SF
Price / SF$336.49
Days on Market20
Property Features for 840 Cortlandt Street 8
General Information
Standard status
Active
Size
4,116 SF
Property subtype
Residential Income
Lease Term
Month To Month
Taxes and HOA fees
Annual Taxes
$26,205
Amenities
Electric, Other, Window Unit(s)
Natural Gas, Other
Range, Refrigerator
Carport
Building Details
Building Size
4,116 SF
Year Built
1920
Stories
2
Listing Agency:
Realty Of America, LLC
Listed By:
Eileen Smedley
(281) 450-7420
Source:
Evrealestate
Added: Sep 24
Changed: Oct 13
Last Checked: Oct 12 at 6:59PM
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 Realty Of America, LLC
Investment Insights
Based on property information with market context.
Located at 840 Cortlandt Street in Houston, this residential income property was built in 1920. The property includes window-unit cooling, a carport, a range, and a refrigerator.
Key Highlights
- Built in 1920
- Window‑unit cooling
- Carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,631
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$932,620
$932.6K
Cap Rate 7%
$666,157
$666.2K
Cap Rate 9%
$518,122
$518.1K
Market Conditions
NOI Build-Up for 4,116 SF
Gross rent
$90.4K $21.96/SF
− Vacancy
−$5.6K −$1.36/SF
EGI
$84.8K $20.60/SF
− OpEx
−$38.2K −$9.27/SF
NOI
$46.6K $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%
$932,620
Cap Rate 7%
$666,157
Cap Rate 9%
$518,122
Alternative Uses
Best Use
Apartment 5plus
$666.2K
$582.9K – $777.2K
NOI $46,631 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$926.1K – $1.23M
NOI $74,088 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,437
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - The property includes window-unit cooling, a carport, and a range and refrigerator.
Where is this residential income property located?
The property is located at 840 Cortlandt Street 8 Houston, TX.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: Built in 1920; Window‑unit cooling; Carport
