5 Estelle St - Apartments FOR SALE


Houston, TX 77003- Second Ward
$899,995 USD
832-217-5593
5 Estelle St, Houston, TX for Sale
$899,995 USD
Apartments - FOR SALE
1/40
null | 8.07% Cap Rate

5 Estelle St
Houston, TX 77003
Second Ward


HIGHLIGHTS

  • Fully remodeled from the studs. Completed in 2022. Everything is brand new!
  • Strong income generator
  • Fully furnished units. Furniture included in sale!

OVERVIEW

Exceptional income-generating property in the heart of EaDo, minutes from downtown Houston! This newly renovated, fully furnished 5-unit building is a rare, hassle-free investment opportunity in a prime location near trendy restaurants, shops, and newly developed buildings. Each modern unit is move-in ready with stylish finishes and new appliances, attracting high-quality tenants. Currently generating strong rental income, this property offers excellent appreciation potential in one of Houston’s fastest-growing neighborhoods. Don’t miss this turnkey investment in the thriving heart of East Downtown! Additionally, please note the four-unit commercial property available for sale at the adjacent location of 4202 Canal St, Houston, TX 77003 from the same seller. Open to negotiating an attractive package price for both properties.

FOR SALE DETAILS

PRICE

$899,995 USD

PRICE/SF

$287 USD /SF

# OF UNITS

5

PRICE/UNIT

$179,999

CAP RATE

8.07%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Estelle Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

-

APN/PARCEL ID

0071260080006

ASK ABOUT THIS PROPERTY

Spencer IgweLPT Realty LLCMore Info
832-217-5593

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Spencer IgweLPT Realty LLCMore Info
832-217-5593

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.