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    904 Ellena Rd, Unit 16 Houston, TX 77076

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    For Sale
    $1,850,000

    Sixteen-unit complex with recent renovations and historically low vacancy rates.

    Property size:
    14,400 SF
    Lot size:
    0.41 Acres

    Property Features for 904 Ellena Rd

    General Information

    Size
    14,400 SF
    Lot size
    0.41 Acres

    Building Details

    Year built
    1973

    Source: KW Houston Central Agent Edwin Tabora

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Leased Houston Apartment Complex

    This fully leased, 16-unit complex features sixteen 900 sq ft houses, each with two bedrooms and one bathroom. The property has undergone extensive capital improvements, including a new roof installed in 2024. All but three units have been renovated, and several new outdoor AC units have been installed. Tenants are responsible for paying their own utilities. The property has historically low vacancy rates. The complex is located in the center of Houston and was initially self-managed by the owner during the value-add phase but now has a property manager.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.3862546
    Latitude
    29.855065

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    FAQs

    What type of property is this?
    Apartment building - Sixteen-unit complex with recent renovations and historically low vacancy rates.
    Where is this apartment building located?
    The property is located at 904 Ellena Rd, Unit 16 Houston, TX.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Fully leased 16-unit complex with historically low vacancy rates, providing immediate cash flow.; - Recent (2024) roof replacement and extensive renovations to most units (13 out of 16), reducing future maintenance costs.; - All units are 2-bedroom, 1-bathroom small houses (900 sq ft), offering a desirable and consistent unit type.
    Request Owner's contact information
    904 Ellena Rd, Unit 16 Houston, TX 77076
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    Houston, TX 77076
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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
    904 Ellena Rd, Unit 16 Houston, TX 77076
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