Houston Multifamily Property For
For Sale
Contact for pricing
13908 Garber Ln, Houston, TX 77015
Multifamily property available in Houston, Texas.
Property Size2,500 SF
Price / SF$226.80
Days on Market971
Property Features for 13908 Garber Ln
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Multifamily
Building Details
Year Built
1962
Listing Agency:
CENTURY 21 Garlington & Associates
Listed By:
Joe Tijerina · License #TX 708407
Source:
Crexi
Added: Dec 8, 2023
Changed: Jul 6
Last Checked: Aug 5 at 5:34AM
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 CENTURY 21 Garlington & Associates
Investment Insights
Based on property information with market context.
A multifamily property is available for sale in Houston, Texas. The property has a size of 2500 square feet.
Key Highlights
- For sale
- Year Built: 1962
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 | $54.9k | $21.96 |
| − Vacancy | −$3.4k | −$1.36 |
| EGI | $51.5k | $20.60 |
| − OpEx | −$23.2k | −$9.27 |
| NOI | $28.3k | $11.33 |
2,500 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$404.6K
$354.0K – $472.1K
NOI $28,323 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$642.9K
$562.5K – $750.0K
NOI $45,000 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Explore this area
Business Placement
Demographics for 77015, TX
57,106
Population
19,961
Households
2.9
Avg Household Size
31
Median Age
11%
College-Educated
70%
High-School Grad
20.7 sq mi
ZIP Area
2,759
Density / Sq Mi
$57,324
Median Household Income
$34,477
Median Earnings
$1,169
Median Rent
$164,700
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?
Multifamily property - Multifamily property available in Houston, Texas.
Where is this multifamily property located?
The property is located at 13908 Garber Ln Houston, TX.
What is the asking price?
The asking price for this property is $567,000.
What are key features of this property?
This property features: For sale; Year Built: 1962
