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5024 Winnetka St - Winnetka Vista 4 Unit Apartment Building Offered at $2,095,740 CAD at a 8.63% Cap Rate Houston, TX 77021
Investment Highlights
- 0.5 miles from University of Houston
- Perfect for short term and long term rentals.
- Minutes from Downtown and Med Center
Executive Summary
Exceptional investment opportunity to acquire a portfolio of four newly constructed single-family homes in Houston's rapidly growing South Union area. Each residence offers approximately 2,152+ SF of modern living space with 3 bedrooms, 3.5 bathrooms, open-concept floorplans, premium finishes, and private en-suite bathrooms for every bedroom.
Located just minutes from the University of Houston, Texas Medical Center, Downtown Houston, and major employment centers, these homes are strategically positioned in one of Houston's strongest rental corridors. The community also offers convenient access to MetroRail, providing connectivity throughout the city. The homes feature engineered hardwood flooring, designer kitchens with quartz countertops and waterfall islands, spacious primary suites, and attached garages.
With continued growth in the Medical Center, University of Houston, and surrounding Inner Loop areas, demand for quality rental housing remains strong. Whether utilized as long-term rentals, executive housing, or a buy-and-hold investment strategy, this portfolio presents an opportunity to acquire multiple new-construction assets with minimal maintenance requirements and strong income potential.
Rarely does an investor have the opportunity to purchase four adjacent new-construction homes in an up and coming location. This turnkey portfolio offers scale, location, and long-term appreciation potential in one of Houston's most dynamic submarkets.
Located just minutes from the University of Houston, Texas Medical Center, Downtown Houston, and major employment centers, these homes are strategically positioned in one of Houston's strongest rental corridors. The community also offers convenient access to MetroRail, providing connectivity throughout the city. The homes feature engineered hardwood flooring, designer kitchens with quartz countertops and waterfall islands, spacious primary suites, and attached garages.
With continued growth in the Medical Center, University of Houston, and surrounding Inner Loop areas, demand for quality rental housing remains strong. Whether utilized as long-term rentals, executive housing, or a buy-and-hold investment strategy, this portfolio presents an opportunity to acquire multiple new-construction assets with minimal maintenance requirements and strong income potential.
Rarely does an investor have the opportunity to purchase four adjacent new-construction homes in an up and coming location. This turnkey portfolio offers scale, location, and long-term appreciation potential in one of Houston's most dynamic submarkets.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,095,740 CAD | Property Type | Multifamily |
| Price Per Unit | $523,935 CAD | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Size | 8,570 SF |
| Cap Rate | 8.63% | No. Stories | 3 |
| Sale Condition | Bulk/Portfolio Sale | Year Built | 2026 |
| No. Units | 4 | Opportunity Zone |
Yes
|
| Price | $2,095,740 CAD |
| Price Per Unit | $523,935 CAD |
| Sale Type | Investment |
| Cap Rate | 8.63% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Building Size | 8,570 SF |
| No. Stories | 3 |
| Year Built | 2026 |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Ice Maker
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Attic
- Double Pane Windows
- Family Room
- Island Kitchen
- Linen Closet
- Pantry
- Large Bedrooms
- Quartz Countertops
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 4 | $3,982 CAD | 2,135 - 2,152 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1475640010002 | Total Assessment | $85,002 CAD (2025) |
| Land Assessment | $85,002 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
1475640010002
Land Assessment
$85,002 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$85,002 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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5024 Winnetka St - Winnetka Vista
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