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    11314 Courtshire Rd Houston, TX 77076

    For Sale
    $524,999

    Four-Unit Rental, High ROI

    Property size:
    2,426 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Houston multifamily investment opportunity presents a portfolio of four units in two buildings, totaling 2,426 square feet on an 8,229 sq ft lot. Built in 1955 and extensively renovated in 2022, this Class B property boasts a 100% occupancy rate as of May 1, 2023, generating a strong NOI of $39,906 and a 7.60% cap rate. The property is conveniently located at 11314 Courtshire Rd, Houston, TX 77076, just 10 minutes from Downtown Houston. Each unit commands a price of $150,000, making this a compelling value-add investment opportunity for both seasoned and first-time investors. The two-story buildings sit on a substantial lot, offering potential for future expansion or upgrades. The property's strong performance and prime location make it an attractive addition to any investment portfolio. This stabilized investment presents a rare opportunity to acquire a high-performing, income-producing asset in a thriving Houston market. The current NOI and cap rate provide a solid foundation for future growth and profitability. Don't miss this chance to secure a valuable piece of Houston real estate.

    Property Features for 11314 Courtshire Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,426 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1955/2022
    Buildings
    2
    Stories
    2
    Units
    4

    HighLights

    • $524,999 asking price for a four‑unit multifamily property in Houston, TX.
    • 7.60% cap rate with a $39,906 annual net operating income (NOI).
    • 100% occupancy as of May 1, 2023.
    • Located at 11314 Courtshire Rd, Houston, TX 77076, approximately 10 minutes from Downtown Houston.
    • Two buildings, totaling 2,426 square feet on an 8,229 square foot lot.
    • Property features four units, two stories, built in 1955 and renovated in 2022.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    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
    Harris
    State
    Texas
    Longitude
    -95.369487290079
    Latitude
    29.866109079808

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    FAQs

    What type of property is this?
    Multifamily property - Four-Unit Rental, High ROI
    Where is this multifamily property located?
    The property is located at 11314 Courtshire Rd Houston, TX.
    What is the asking price?
    The asking price for this property is $524,999.
    What are key features of this property?
    This property features: $524,999 asking price for a four-unit multifamily property in Houston, TX.; 7.60% cap rate with a $39,906 annual net operating income (NOI).; 100% occupancy as of May 1, 2023.
    Request Owner's contact information
    11314 Courtshire Rd 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
    11314 Courtshire Rd Houston, TX 77076
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