Listed by Marcus & Millichap - Houston
$850,000
7914 Norvic Street (Seller Finance Available)
Details
Property Type Multifamily
Sub Type Section 8 housing
Square Footage 3,850
Units 11
Cap Rate 8.61%
NOI $73,205
Occupancy 100%
Class C
Year Built 1982
Buildings 1
Stories 1
Acreage 0.120
Investment Type Stabilized
Multifamily | 8.61% CAP | 11 Units
Marketing description
Marcus & Millichap is proud to present 7914 Norvic St., a small multifamily asset located in a quiet residential enclave just east of the Loop in Houston, Texas. The property offers investors a stabilized, income-producing opportunity with durable cash flow supported by participation in the Harris County Section 8 program. With consistent demand for affordable housing in the area, the asset benefits from reliable occupancy and predictable income streams.
Offered at an attractive 8.6% cap rate, the property is positioned as a yield-focused investment with minimal operational volatility. Its location provides convenient access to major employment corridors while maintaining a neighborhood feel that appeals to long-term tenants.
Investment highlights
- Attractive In-Place Yield: Offered at an 8.5% cap rate, delivering strong day-one cash flow.
- Stable Section 8 Income: Backed by the Harris County Housing Authority, providing consistent and reliable rent collections.
- Quiet, Infill Location: Situated in a low-density pocket just east of the Loop, offering strong tenant demand with neighborhood appeal.
Listing Contacts
Listed by Marcus & Millichap - Houston
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$73,205.00
$6,100.42/mo
Valuation Metrics
0
DSCR
8.61%
Cap Rate
8.61%
ROI
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