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Londonaire Apartments 4613 Cavalcade St 10 Unit Apartment Building For Sale Houston, TX 77026
Executive Summary
Opportunity to acquire a recently stabilized, fully occupied 10-unit multifamily property offering immediate in-place cash flow and an established operating history.
The property is currently 100% occupied, with monthly rents ranging from approximately $917 to $995 per unit. Following its recent stabilization, the property is generating approximately $122,800 in annualized rental income and approximately $75,600 in annualized NOI, based on January through July 2026 operations.
Investment Highlights:
- 10 2 bed/1 bathroom units
- Recently stabilized and 100% occupied
- Utility reimbursement upside: Ownership currently absorbs certain utility costs, including water, creating an opportunity for a new owner to implement a Ratio Utility Billing System (RUBS).
Financials and rent roll available upon request.
Broker of Record: Sarah Virani (622119)
The property is currently 100% occupied, with monthly rents ranging from approximately $917 to $995 per unit. Following its recent stabilization, the property is generating approximately $122,800 in annualized rental income and approximately $75,600 in annualized NOI, based on January through July 2026 operations.
Investment Highlights:
- 10 2 bed/1 bathroom units
- Recently stabilized and 100% occupied
- Utility reimbursement upside: Ownership currently absorbs certain utility costs, including water, creating an opportunity for a new owner to implement a Ratio Utility Billing System (RUBS).
Financials and rent roll available upon request.
Broker of Record: Sarah Virani (622119)
Property Facts
| Sale Type | Investment | Lot Size | 0.34 AC |
| No. Units | 10 | Building Size | 7,680 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1973/1977 |
| Building Class | C | Parking Ratio | 2.08/1,000 SF |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 7,680 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/1977 |
| Parking Ratio | 2.08/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 650 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0651220120182 | Improvements Assessment | $471,868 |
| Land Assessment | $180,000 | Total Assessment | $651,868 |
Property Taxes
Parcel Number
0651220120182
Land Assessment
$180,000
Improvements Assessment
$471,868
Total Assessment
$651,868
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