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    5101 Crane St Houston, TX 77026

    Sponsored
    For Sale
    $398,500

    Five-unit rental portfolio, 6% cap rate.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This stabilized multifamily investment property, located at 5101 Crane St, Houston, TX 77026, presents a compelling opportunity for income generation. The property consists of two, one-story buildings totaling five units, all currently 100% occupied as of August 1, 2023, generating a Pro-Forma NOI of $27,413. Built in 1945 and renovated in 2022, this Class B property sits on a 7,625 sq ft lot in Harris County. The asking price is $398,500, representing a price per unit of $96,000 and a 6.00% cap rate. This turnkey investment is ideal for both seasoned and first-time investors seeking a stable, high-occupancy income stream in a desirable Houston location. The property's strong performance and recent renovations minimize immediate capital expenditure needs, allowing for a quick return on investment. This is a rare opportunity to acquire a fully occupied, well-maintained multifamily property in a thriving market. The property's location offers convenient access to local amenities and transportation networks.

    Property Features for 5101 Crane St

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Year Built/Renovated
    1945/2022
    Buildings
    2
    Stories
    1
    Units
    5

    HighLights

    • 5‑unit multifamily property located at 5101 Crane St, Houston, TX 77026.
    • 100% occupied as of August 1, 2023, generating a $27,413 Pro‑Forma NOI.
    • Two one‑story buildings on a 7,625 sq ft lot in Harris County.
    • Class B property, built in 1945, renovated in 2022.
    • Asking price: $398,500 ($79,700 per unit, 6.9% cap rate).
    Property Profile 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 Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.319526226807
    Latitude
    29.79700302392

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    FAQs

    What type of property is this?
    Multifamily property - Five-unit rental portfolio, 6% cap rate.
    Where is this multifamily property located?
    The property is located at 5101 Crane St Houston, TX.
    What is the asking price?
    The asking price for this property is $398,500.
    What are key features of this property?
    This property features: 5-unit multifamily property located at 5101 Crane St, Houston, TX 77026.; 100% occupied as of August 1, 2023, generating a $27,413 Pro-Forma NOI.; Two one-story buildings on a 7,625 sq ft lot in Harris County.
    Request Owner's contact information
    5101 Crane St Houston, TX 77026
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    Houston, TX 77026
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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
    5101 Crane St Houston, TX 77026
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