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    5 Estelle St Houston, TX 77003

    For Sale
    $899,995

    5-Unit Apartment Building, EaDo, TX

    Property size:
    3,140 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 5-unit apartment building presents a compelling investment opportunity in Houston's vibrant East Downtown (EaDo) neighborhood. Located at 5 Estelle St, this stabilized property boasts 3,140 square feet across two 2-story buildings situated on a 5,000 square foot lot. Completely renovated in 2022, the property features a new roof, HVAC system, windows, and water heaters, ensuring minimal maintenance and long-term value. All five units are fully furnished and currently enjoy 80% occupancy, generating a strong monthly income stream. The property's prime location offers easy access to downtown Houston, trendy restaurants, shops, and newly developed areas, attracting high-quality tenants. This turnkey investment is ideal for those seeking immediate cash flow and significant appreciation potential in one of Houston's fastest-growing neighborhoods. Built in 1938, the property's recent comprehensive renovation ensures modern amenities and a hassle-free ownership experience. The Harris County property (APN: 0071260080006) offers a value-add opportunity with potential for further income growth. This is a rare chance to acquire a fully furnished, income-producing asset in a highly desirable location. The asking price is $899,995, representing a strong return on investment in a rapidly appreciating market.

    Property Features for 5 Estelle St

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,140 SF

    Building Details

    Year Built/Renovated
    1938/2022
    Buildings
    2
    Stories
    2
    Units
    5

    HighLights

    • $899,995 asking price for a stabilized multifamily investment.
    • Five‑unit apartment building with 80% occupancy.
    • Fully furnished units offering immediate cash flow.
    • Value‑add potential in a prime Houston location.
    • Completely renovated in 2022, including new roof, HVAC, windows, and water heaters.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.332011
    Latitude
    29.7492773

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    FAQs

    What type of property is this?
    Multifamily property - 5-Unit Apartment Building, EaDo, TX
    Where is this multifamily property located?
    The property is located at 5 Estelle St Houston, TX.
    What is the asking price?
    The asking price for this property is $899,995.
    What are key features of this property?
    This property features: $899,995 asking price for a stabilized multifamily investment.; Five-unit apartment building with 80% occupancy.; Fully furnished units offering immediate cash flow.
    Request Owner's contact information
    5 Estelle St Houston, TX 77003
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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
    5 Estelle St Houston, TX 77003
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