Third Ward Multifamily Investment
2712 Berry Street Houston, TX 77004
For Sale
Contact for pricing
Multifamily property in Third Ward with access to Downtown Houston.
Property Size2,520 SF
Price / SF$138.89
Days on Market789
Property Features for 2712 Berry Street
General Information
- Standard status
- Active
- Size
- 2,520 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing Agency:
JPAR
Listed By:
Magdalena Cano
Source:
Crexi
Added: May 30, 2024
Changed: Jul 6
Last Checked: Jul 26 at 3:41PM
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 JPAR
Investment Insights
Based on property information with market context.
This multifamily property presents an investment opportunity in Houston's Third Ward. The property offers access to Downtown Houston and major roads and highways. Each building comprises two units, each featuring 2 bedrooms and 1 bath. Onsite parking is available in front of the buildings. The property size is 2520 square feet. Note that 2712 Berry St # 2 and 2716 Berry St #1 are currently occupied; please respect the tenants' privacy.
Key Highlights
- Prime location in the heart of Third Ward Houston.
- Ideal multi‑family investment opportunity.
- Direct access to Downtown Houston.
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 | $55.3k | $21.96 |
| − Vacancy | −$3.4k | −$1.36 |
| EGI | $51.9k | $20.60 |
| − OpEx | −$23.4k | −$9.27 |
| NOI | $28.5k | $11.33 |
2,520 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$471.5K
$412.6K – $550.1K
NOI $33,006 @ 7.0% cap · market cap 9.43%
Second Best
Apartment 5plus
$407.8K
$356.9K – $475.8K
NOI $28,549 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$648.0K
$567.0K – $756.0K
NOI $45,360 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Multifamily property in Third Ward with access to Downtown Houston.
Where is this duplex located?
The property is located at 2712 Berry Street Houston, TX.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Prime location in the heart of Third Ward Houston.; Ideal multi‑family investment opportunity.; Direct access to Downtown Houston.
