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2819 Berry St
Houston, TX 77004
Multifamily Property For Sale
·
12 Units
Investment Highlights
- 100% occupied — all 12 units leased as of the August 2026 rent roll, $13,819 monthly scheduled rent
- 10.40% stabilized cap with $12,972 of annual loss to lease still on the table
- $20,000+ in sewer and under-slab plumbing already replaced — the biggest capital risk in a 1947 building, solved
- 9.26% in-place cap rate on $1,092,000 — $91,000 per unit, $121 per SF
- Eight of twelve units fully renovated in 2025–26 — new kitchens, quartz counters, stainless appliances, tiled baths and LVP flooring
- Four classic units at $970–$1,100 against $1,250 achieved market rent — $10,572 of annual mark-to-market on a $72,000 budget
Executive Summary
2819 Berry Street is a fully leased 12-unit multifamily property in Houston's Greater Third Ward, offered at $1,092,000 — $91,000 per unit and $121 per square foot. Every unit is a spacious 2-bedroom, 1-bathroom, a single efficient floor plan across the entire building that keeps renovation, leasing, and management straightforward.
Ownership completed a unit-by-unit repositioning through 2025 and 2026. Eight units have been renovated with new cabinetry, quartz countertops, stainless appliances, fully tiled baths, luxury vinyl plank flooring, and new lighting and hardware. Beyond the units, the seller invested over $20,000 replacing the sewer line and the plumbing beneath the slab.
The property delivers 100% occupancy with $13,819 in monthly scheduled rent and in-place NOI of approximately $101,113, a 9.26% return on the asking price. Four classic units remain on legacy rents between $970 and $1,100 against a proven renovated market rent of $1,250. Renovating those four at a budgeted $18,000 each, plus rolling the existing water and laundry fee schedule across the full rent roll, supports stabilized NOI of $113,538, a 10.40% cap.
The site offers 12 on-site parking spaces, security cameras, and a tenant laundry room. The University of Houston and Texas Southern University are within a mile, the Texas Medical Center is an eight-minute drive, and downtown is seven minutes.
Ownership completed a unit-by-unit repositioning through 2025 and 2026. Eight units have been renovated with new cabinetry, quartz countertops, stainless appliances, fully tiled baths, luxury vinyl plank flooring, and new lighting and hardware. Beyond the units, the seller invested over $20,000 replacing the sewer line and the plumbing beneath the slab.
The property delivers 100% occupancy with $13,819 in monthly scheduled rent and in-place NOI of approximately $101,113, a 9.26% return on the asking price. Four classic units remain on legacy rents between $970 and $1,100 against a proven renovated market rent of $1,250. Renovating those four at a budgeted $18,000 each, plus rolling the existing water and laundry fee schedule across the full rent roll, supports stabilized NOI of $113,538, a 10.40% cap.
The site offers 12 on-site parking spaces, security cameras, and a tenant laundry room. The University of Houston and Texas Southern University are within a mile, the Texas Medical Center is an eight-minute drive, and downtown is seven minutes.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Video Patrol
- Gas Range
- Private Bathroom
- Walk To Campus
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $1,740 CAD | 750 |
Property Taxes
| Parcel Number | 0192020030007 | Improvements Assessment | $681,901 CAD |
| Land Assessment | $501,350 CAD | Total Assessment | $1,183,251 CAD |
Property Taxes
Parcel Number
0192020030007
Land Assessment
$501,350 CAD
Improvements Assessment
$681,901 CAD
Total Assessment
$1,183,251 CAD
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