Fully Renovated 5-Unit
8701 Bertwood St Houston, TX 77016
For Sale
$749,990
Fully renovated 5-unit multifamily with five 2-bedroom, 1-bath residences on an oversized lot.
Property Size3,790 SF
Lot Size0.26 Acres
Price / SF$197.89
Days on Market17
Property Features for 8701 Bertwood St
General Information
- Standard status
- Active
- Size
- 3,790 SF
- Lot size
- 0.26 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1960
Listing Agency:
(832) 701-3703
Listed By:
Richard Aigbogun
(832) 701-3703
Source:
Elliman
Added: Jul 8
Changed: Jul 22
Last Checked: Jul 23 at 9:42AM
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 Richard Aigbogun
Investment Insights
Based on property information with market context.
8701 Bertwood Street is a fully renovated, income-producing 5-unit multifamily property. The building includes five 2-bedroom, 1-bath residences totaling 3,790 rentable square feet. The property underwent extensive renovations in 2025, supported by more than $200,000 in capital improvements. All units are currently occupied.
The property sits on an oversized 11,250-square-foot lot. Tenants are responsible for their own utilities, and water is billed on a prorated basis.
The offering includes a Full Offering Memorandum and P&L statement in the attachments. Please do not disturb tenants.
The property sits on an oversized 11,250-square-foot lot. Tenants are responsible for their own utilities, and water is billed on a prorated basis.
The offering includes a Full Offering Memorandum and P&L statement in the attachments. Please do not disturb tenants.
Key Highlights
- Fully renovated 5‑unit multifamily built in 1960, with five 2‑bedroom, 1‑bath residences.
- Total 3,790 rentable SF on an oversized 11,250 SF lot.
- Extensively renovated in 2025 with more than $200,000 in capital improvements.
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 | $83.2k | $21.96 |
| − Vacancy | −$5.2k | −$1.36 |
| EGI | $78.1k | $20.60 |
| − OpEx | −$35.1k | −$9.27 |
| NOI | $42.9k | $11.33 |
3,790 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$613.4K
$536.7K – $715.6K
NOI $42,938 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$974.6K
$852.8K – $1.14M
NOI $68,220 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully renovated 5-unit multifamily with five 2-bedroom, 1-bath residences on an oversized lot.
Where is this apartment building located?
The property is located at 8701 Bertwood St Houston, TX.
What is the asking price?
The asking price for this property is $749,990.
What are key features of this property?
This property features: Fully renovated 5‑unit multifamily built in 1960, with five 2‑bedroom, 1‑bath residences.; Total 3,790 rentable SF on an oversized 11,250 SF lot.; Extensively renovated in 2025 with more than $200,000 in capital improvements.
