15-Unit Multifamily
For Sale
$899,900
933 Harbor Street, Houston, TX 77020
Fifteen units with private full bathrooms and on-site parking, sold in as-is condition requiring rehab.
Property Size11,610 SF
Price / SF$162.26
Days on Market102
Property Features for 933 Harbor Street
General Information
Standard status
Active
Size
11,610 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
15
Taxes and HOA fees
Annual Taxes
$21,924
Amenities
No
Appraiser
15000
Other
11610
Building Details
Building Size
11,610 SF
Year Built
1920
Stories
1
Listing Agency:
Paramount Premier Properties
(281) 444-5140
Listed By:
Justin Hanchett
(281) 450-1587
Source:
Garygreene
Added: Jul 9
Changed: Oct 16
Last Checked: Oct 16 at 6:30AM
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 Paramount Premier Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 15-unit multifamily property is arranged so that each unit includes its own private full bathroom, supporting resident privacy and flexible living layouts. The building offers on-site parking for tenants and visitors.
The property is being sold in “as-is” condition, and it does require rehab and a full turnaround. Dimensions and information are approximate, and buyers/representatives are responsible for verification.
The listing notes that floorplans and virtual furnishings may be available to help visualize unit layouts. The purchase includes the opportunity to bring the property back to stable operations following the required improvements.
The property is being sold in “as-is” condition, and it does require rehab and a full turnaround. Dimensions and information are approximate, and buyers/representatives are responsible for verification.
The listing notes that floorplans and virtual furnishings may be available to help visualize unit layouts. The purchase includes the opportunity to bring the property back to stable operations following the required improvements.
Key Highlights
- 15‑unit multifamily property built in 1920
- Each unit includes its own private full bathroom
- On‑site parking available for tenants and visitors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,832
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,256,640
$1.3M
Cap Rate 7%
$897,600
$897.6K
Cap Rate 9%
$698,133
$698.1K
Market Conditions
NOI Build-Up for 5,546 SF
Gross rent
$121.8K $21.96/SF
− Vacancy
−$7.6K −$1.36/SF
EGI
$114.2K $20.60/SF
− OpEx
−$51.4K −$9.27/SF
NOI
$62.8K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,256,640
Cap Rate 7%
$897,600
Cap Rate 9%
$698,133
Alternative Uses
Best Use
Apartment 5plus
$897.6K
$785.4K – $1.05M
NOI $62,832 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,828 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Explore this area
Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fifteen units with private full bathrooms and on-site parking, sold in as-is condition requiring rehab.
Where is this apartment building located?
The property is located at 933 Harbor Street Houston, TX.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 15‑unit multifamily property built in 1920; Each unit includes its own private full bathroom; On‑site parking available for tenants and visitors
