Multifamily Apartment
For Sale
$1,099,900
933 Harbor Street # 12, Houston, TX 77020
15-unit multifamily property with private bathrooms in each unit and on-site parking, sold as-is and needing rehab.
Days on Market23
Property Features for 933 Harbor Street # 12
General Information
Standard status
Active
Property subtype
Multi Family,5 Plus
Additional Details
Multifamily Units
15
Building Details
Building Size
5,546 SF
Year Built
1920
Listing Agency:
AssetlyOne, LLC
(469) 450-7037
Listed By:
Wesson Assefa · License #0506165
(469) 450-7037
Source:
Mpowerrealtygroup
Added: Jul 9
Changed: Jul 31
Last Checked: Jul 31 at 8:31AM
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 AssetlyOne, LLC
Investment Insights
Based on property information with market context.
This 15-unit multifamily apartment building offers a unit layout designed for privacy and flexibility, with each unit having its own private full bathroom. The configuration supports multiple occupancy approaches, including workforce housing, furnished rentals, or rent-by-room use. The property also provides on-site parking for tenants and visitors.
The building was constructed in 1920 and is being sold in “as-is condition.” The property will require rehab and a full turnaround to return to stable operations. The listing notes that dimensions and information are approximate, and buyers and their representatives are responsible for verification.
The floorplan and virtual furnishings may be incorporated to help visualize the potential layout for prospective residents.
The building was constructed in 1920 and is being sold in “as-is condition.” The property will require rehab and a full turnaround to return to stable operations. The listing notes that dimensions and information are approximate, and buyers and their representatives are responsible for verification.
The floorplan and virtual furnishings may be incorporated to help visualize the potential layout for prospective residents.
Key Highlights
- 15‑unit multifamily apartment building
- Each unit has its own private full bathroom
- Supports workforce housing, furnished rentals, or rent by room
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 | $121.8k | $21.96 |
| − Vacancy | −$7.6k | −$1.36 |
| EGI | $114.2k | $20.60 |
| − OpEx | −$51.4k | −$9.27 |
| NOI | $62.8k | $11.33 |
5,546 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$897.6K
$785.4K – $1.05M
NOI $62,832 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,828 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 15-unit multifamily property with private bathrooms in each unit and on-site parking, sold as-is and needing rehab.
Where is this apartment building located?
The property is located at 933 Harbor Street # 12 Houston, TX.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: 15‑unit multifamily apartment building; Each unit has its own private full bathroom; Supports workforce housing, furnished rentals, or rent by room
