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    4905 Kashmere St Houston, TX 77026

    For Sale
    Contact for pricing

    Prime 8-unit apartment building, high NOI.

    Property size:
    5,976 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 8-unit apartment building presents a compelling investment opportunity in Houston, Texas. Located at 4905 Kashmere St, 77026, this property boasts a total of 5,976 square feet of net rentable space spread across four one-story buildings. Originally constructed in 1950 and extensively renovated in 2018, the complex offers a blend of classic charm and modern updates. Each of the eight units features a comfortable layout including bedrooms, living areas, fully equipped kitchens, and modern bathrooms. While in-unit laundry facilities are not included, convenient hookups are provided. Ample parking is available, with one assigned space per unit and additional street parking. The property sits on a sizable 15,000 square foot lot and is zoned for commercial use. The strong financial performance is evident in the current Net Operating Income (NOI) of $72,618. This multifamily investment is situated conveniently south of the 610 North Loop East Freeway, offering easy access to major transportation routes. Owner financing may be available for qualified buyers. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable Houston location.

    Property Features for 4905 Kashmere St

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,976 SF

    Building Details

    Year Built/Renovated
    1950/2018
    Buildings
    4
    Stories
    1
    Units
    8

    HighLights

    • Exceptional 8‑unit apartment building investment opportunity in Houston, TX.
    • 5,976 square feet of net rentable space on a 15,000 square foot lot.
    • Renovated in 2018, offering a blend of classic charm and modern updates.
    • Eight units with bedrooms, living areas, kitchens, and modern bathrooms; hookups for laundry.
    • Ample parking: one assigned space per unit plus street parking.
    • Commercial zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3246648
    Latitude
    29.8050375

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    FAQs

    What type of property is this?
    Multifamily property - Prime 8-unit apartment building, high NOI.
    Where is this multifamily property located?
    The property is located at 4905 Kashmere St Houston, TX.
    What are key features of this property?
    This property features: Exceptional 8-unit apartment building investment opportunity in Houston, TX.; 5,976 square feet of net rentable space on a 15,000 square foot lot.; Renovated in 2018, offering a blend of classic charm and modern updates.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4905 Kashmere St Houston, TX 77026
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