Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    13932 Victoria St Houston, TX 77015

    Sponsored
    For Sale
    $5,100,000

    75 Units, 6.5% Cap Rate, High Occupancy

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a portfolio of two well-maintained apartment complexes totaling 75 units in Houston's desirable Cloverleaf submarket. The properties, situated at 13932 Victoria Street and 803 Nancy Rose Street, boast a combined occupancy rate of 98%, offering immediate cash flow. The Victoria Apartments (46 units) features a mix of studio, one-bedroom, and two-bedroom apartments, while the Casa Villa Apartments (29 units) offers a similar unit mix. Both complexes include on-site laundry facilities and ample surface parking. Built 38 years ago, these two-story buildings are zoned for residential planned development. The properties are conveniently located near major highways (I-10 and Beltway 8), providing easy access to commuting routes and a wide array of amenities, including schools, grocery stores (Kroger, Walmart), restaurants (McDonald's, Chick-fil-A, Chipotle), and other retail options (Walgreens, Sam's Club). Currently priced at $5,100,000 ($68,000 per unit), this portfolio presents a compelling opportunity for investors seeking strong returns in a thriving Houston neighborhood. The properties are individually metered and are being sold "AS IS". The current rents are below market value, presenting a significant opportunity for future rent increases and enhanced profitability.

    Property Features for 13932 Victoria St

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Year Built
    38
    Stories
    2
    Units
    75

    HighLights

    • 8% Cap Rate, excellent investment opportunity.
    • 75‑unit renovated multifamily property in prime East Houston location.
    • Below‑market rents offer significant upside potential.
    • Cloverleaf submarket, north of I‑10 and west of Beltway 8, with individually metered units.
    • High rate of return potential; showings by appointment only after offer acceptance; AS‑IS sale; do not disturb tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Summer Breeze Apartments Apartment Complex Houston Paving Pros Paving Contractor

    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
    -95.1766766
    Latitude
    29.7832452

    Nearby Similar for Sale

    • $480,000
      2,236 SF

      Modern Duplex Near Medical Center

      Two-story duplex built in 2020, convenient location, fully equipped.
      6501 Osprey Dr, Houston, TX 77048
      View Details
    • $950,000
      0.60 Acres

      Versatile Office-Warehouse Flex Building

      Office-warehouse flex building on 0.60 acres in a high-visibility location.
      11043 Jones Rd, Houston, TX 77070
      View Details
    • $340,000
      1,883 SF

      Charming Renovated Houston Duplex

      Renovated duplex in Houston, perfect for homeowners or investors.
      2212 Terry St, Houston, TX 77009
      View Details
    • $4,500,000
      13,508 SF

      Houston Retail Property on Interstate

      2.64-acre retail site with showroom, service center, and shop.
      15150 North Fwy, Houston, TX 77090
      View Details
    • New
      $6,500,000
      1.39 Acres

      New Car Wash on Highway

      Newly built express car wash on high-traffic Houston corridor.
      3703 Highway 6 S, Houston, TX 77082
      View Details
    • $1,300,000
      1.02 Acres

      Houston Car Wash Business Opportunity

      Full-service car wash in a high-traffic Houston location.
      12573 Richmond Ave, Houston, TX 77082
      View Details
    • $2,000,000
      16,800 SF

      North Houston Multi-Use Facility

      Two-story, 16,800 SF medical or specialty facility for sale.
      12414 Dawn Rd, Houston, TX 77067
      View Details
    • $895,000
      4,683 SF

      Houston Office Building with Suites

      Two-story office building with six suites near downtown Houston.
      2601 Prospect St, Houston, TX 77004
      View Details
    • $1,900,000

      Turnkey Restaurant Space For Sale

      Established restaurant property in Northwest Houston with high-visibility frontage.
      5320 Hollister St, Houston, TX 77080
      View Details
    • $850,000
      3,728 SF

      Restored Houston Office Bungalow

      Restored 1920s bungalow ideal for executive office suites.
      2709 Blogett St, Houston, TX
      View Details
    • Contact for pricing
      201,827 SF

      Houston Commercial Space For Sale

      Commercial space available within future 300-unit Altura Residences development.
      6780 Southwest Fwy, Houston, TX 77074
      View Details
    • Contact for pricing

      Houston Marriott Westchase Opportunity

      604-room hotel available at a significant discount.
      2900 Briarpark Dr, Houston, TX 77042
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 75 Units, 6.5% Cap Rate, High Occupancy
    Where is this multifamily property located?
    The property is located at 13932 Victoria St Houston, TX.
    What is the asking price?
    The asking price for this property is $5,100,000.
    What are key features of this property?
    This property features: 8% Cap Rate, excellent investment opportunity.; 75-unit renovated multifamily property in prime East Houston location.; Below-market rents offer significant upside potential.
    Request Owner's contact information
    13932 Victoria St Houston, TX 77015
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13932 Victoria St
    Houston, TX 77015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    13932 Victoria St Houston, TX 77015
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.