2819 Berry St - Apartments FOR SALE


Houston, TX 77004- Third Ward
$1,092,000 USD
832-899-4389
2819 Berry St, Houston, TX for Sale
$1,092,000 USD
Apartments - FOR SALE
1/19
null | 9.26% Cap Rate

2819 Berry St
Houston, TX 77004
Third Ward


HIGHLIGHTS

  • 100% occupied — all 12 units leased as of the August 2026 rent roll, $13,819 monthly scheduled rent
  • 9.26% in-place cap rate on $1,092,000 — $91,000 per unit, $121 per SF
  • 10.40% stabilized cap with $12,972 of annual loss to lease still on the table
  • Eight of twelve units fully renovated in 2025–26 — new kitchens, quartz counters, stainless appliances, tiled baths and LVP flooring
  • $20,000+ in sewer and under-slab plumbing already replaced — the biggest capital risk in a 1947 building, solved
  • 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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,092,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

12

PRICE/UNIT

$91,000

CAP RATE

9.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

B1

APN/PARCEL ID

0192020030007

ASK ABOUT THIS PROPERTY

Charles Patawaran CCIMRemax Commercial Real Estate AdvisorsMore Info
832-899-4389

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

Charles Patawaran CCIMRemax Commercial Real Estate AdvisorsMore Info
832-899-4389

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