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7938 Kerr St, Houston 77029 7938 Kerr St 6 Unit Apartment Building $449,000 ($74,833/Unit) 8.22% Cap Rate Houston, TX 77029
Executive Summary
With rents up to market and very good condition 7938 Kerr St presents a compelling multifamily investment opportunity in Houston’s rapidly growing 77029 submarket, strategically located near Port Houston, major industrial employment hubs, Downtown Houston, and key transportation corridors including I-10 and Loop 610. The property consists of 6 residential units situated on a 5,000 SF lot and offers investors the ability to capitalize on an already stabilized rental scenario. Positioned within an Opportunity Zone and surrounded by strong workforce housing demand drivers, the asset benefits from Houston’s continued population and employment growth while offering long-term appreciation potential in a high-demand infill location.
Property Facts
| Price | $449,000 | Building Class | C |
| Price Per Unit | $74,833 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 1,825 SF |
| Cap Rate | 8.22% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2012 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | None | ||
| Price | $449,000 |
| Price Per Unit | $74,833 |
| Sale Type | Investment |
| Cap Rate | 8.22% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 1,825 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1940/2012 |
| Opportunity Zone |
Yes |
| Zoning | None |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 1+1 | 1 | - | - |
| Studios | 4 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0292640000010 | Improvements Assessment | $69,332 |
| Land Assessment | $42,500 | Total Assessment | $111,832 |
Property Taxes
Parcel Number
0292640000010
Land Assessment
$42,500
Improvements Assessment
$69,332
Total Assessment
$111,832
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7938 Kerr St, Houston 77029 | 7938 Kerr St