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Great Investment Opportunity 517 5th St 4 Unit Apartment Building $649,990 ($162,498/Unit) 6.31% Cap Rate Humble, TX 77338
Executive Summary
Fantastic investment opportunity in Old Downtown Humble! This 4-plex is highly sought-after and easy-to-maintain, located on a quiet street surrounded by charming older properties. Consistently attracting tenants, this property reflects pride of ownership throughout. Each unit features 2 bedrooms and 1.5 bathrooms, with a 100% occupancy rate.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $649,990 | Property Subtype | Apartment |
| Price Per Unit | $162,498 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.31% | Building Size | 4,848 SF |
| Sale Condition | High Vacancy Property | No. Stories | 2 |
| No. Units | 4 | Year Built | 1982 |
| Property Type | Multifamily |
| Price | $649,990 |
| Price Per Unit | $162,498 |
| Sale Type | Investment |
| Cap Rate | 6.31% |
| Sale Condition | High Vacancy Property |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,848 SF |
| No. Stories | 2 |
| Year Built | 1982 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 4 | $1,185 | 1,005 |
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Property Taxes
| Parcel Number | 0502010000004 | Total Assessment | $263,452 (2025) |
| Land Assessment | $48,480 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $214,972 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
0502010000004
Land Assessment
$48,480 (2025)
Improvements Assessment
$214,972 (2025)
Total Assessment
$263,452 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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Great Investment Opportunity | 517 5th St
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