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3908 Woolworth St 26 Unit Apartment Building For Sale 7% Cap Rate Houston, TX 77026
INVESTMENT HIGHLIGHTS
- 100 % occupied
- Each unit has separate electric meters
- Recently updated exterior, plumbing and electricals
- Current leases are below market value - Room to add income
- 8 Duplex plus 10 single family
- Ample parking 42 each and additional guest parking 12
EXECUTIVE SUMMARY
Exceptional Investment Opportunity in Portfolio of Duplex single families! - 26 Units in Prime Houston Location 100% occupied
Unlock the potential for strong, stable income and future upside with this rare multi family asset just minutes from downtown Houston. This fully occupied sits on over an acre of land, offering both immediate cash flow and significant room for value growth in rapid developing area. With below market rents, this property presents an outstanding opportunity to increase revenue by adjusting to current market rates. Separately metered units and low operating costs make this an ideal asset for investor focused on efficiency and long- term gains. Whether your looking to expand your portfolio or secure a foothold in one of Houston’s fastest growing areas, this is a turn key investment with serious upside.
Unlock the potential for strong, stable income and future upside with this rare multi family asset just minutes from downtown Houston. This fully occupied sits on over an acre of land, offering both immediate cash flow and significant room for value growth in rapid developing area. With below market rents, this property presents an outstanding opportunity to increase revenue by adjusting to current market rates. Separately metered units and low operating costs make this an ideal asset for investor focused on efficiency and long- term gains. Whether your looking to expand your portfolio or secure a foothold in one of Houston’s fastest growing areas, this is a turn key investment with serious upside.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.09 AC |
| Cap Rate | 7% | Building Size | 26,000 SF |
| No. Units | 26 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1950/2024 |
| Apartment Style | Garden | Parking Ratio | 1.62/1,000 SF |
| Building Class | C | ||
| Zoning | NA - currently being used as single family home Garden style | ||
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 26,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2024 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | NA - currently being used as single family home Garden style |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Tub/Shower
- Patio
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Courtyard
- Fenced Lot
- Gated
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 25 | $700.00 | 760 |
| 3+2 | 1 | $950.00 | 1,506 |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $421,680 (2025) | |
| Land Assessment | $298,048 (2025) | Total Assessment | $719,728 (2025) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$298,048 (2025)
Improvements Assessment
$421,680 (2025)
Total Assessment
$719,728 (2025)
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3908 Woolworth St
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