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120 S 79th St
Houston, TX 77012
Multifamily Property For Sale
·
10 Units
Executive Summary
Marcus & Millichap is pleased to present 120 S 79th Street, a fully renovated 10-unit multifamily asset located inside Houston’s highly desirable inner loop. The property
consists of nine (9) updated one-bedroom/one-bath units and one (1) fully renovated three-bedroom/one-bath unit, offering a strong mix for both affordability and
stabilized cash flow.
All units have undergone full renovations, allowing a new owner to benefit from minimal capex, strong tenant appeal, and in-place rents ranging from $775 to $1,380 (3-
bedroom). The property is currently operating with a live-in manager under a favorable management agreement, providing efficient oversight while preserving owner
returns and reducing hands-on operational burden.
The asset is strategically positioned just minutes from downtown Houston, major highways, and key employment drivers including the Port of Houston. This central
location supports sustained renter demand, high occupancy, and long-term appreciation potential.
Investment highlights:
Live-In Manager / Owner-Favorable Management Structure
Fully Renovated Interiors
Turnkey, Low-Maintenance, Cash-Flowing Asset
Proximity to Major Employment Hubs & Transit Corridors
consists of nine (9) updated one-bedroom/one-bath units and one (1) fully renovated three-bedroom/one-bath unit, offering a strong mix for both affordability and
stabilized cash flow.
All units have undergone full renovations, allowing a new owner to benefit from minimal capex, strong tenant appeal, and in-place rents ranging from $775 to $1,380 (3-
bedroom). The property is currently operating with a live-in manager under a favorable management agreement, providing efficient oversight while preserving owner
returns and reducing hands-on operational burden.
The asset is strategically positioned just minutes from downtown Houston, major highways, and key employment drivers including the Port of Houston. This central
location supports sustained renter demand, high occupancy, and long-term appreciation potential.
Investment highlights:
Live-In Manager / Owner-Favorable Management Structure
Fully Renovated Interiors
Turnkey, Low-Maintenance, Cash-Flowing Asset
Proximity to Major Employment Hubs & Transit Corridors
Property Facts
| Price Per Unit | $76,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 7.20% | Building Size | 4,693 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2021 |
| Apartment Style | Low-Rise | Parking Ratio | 4.26/1,000 SF |
| Price Per Unit | $76,000 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 4,693 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2021 |
| Parking Ratio | 4.26/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Refrigerator
- Stainless Steel Appliances
- Yard
- Dining Room
- Double Pane Windows
- Freezer
- Garden
- Smoke Free
Site Amenities
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Gated
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 535 |
| 1+1 | 3 | - | 730 - 805 |
| 3+2 | 1 | - | 900 |
Property Taxes
| Parcel Number | 0252220000001 | Improvements Assessment | $669,373 |
| Land Assessment | $161,625 | Total Assessment | $830,998 |
Property Taxes
Parcel Number
0252220000001
Land Assessment
$161,625
Improvements Assessment
$669,373
Total Assessment
$830,998
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