Multifamily
7914 Norvic Street
7914 Norvic St, Houston, TX 77029
Listing Price: $850,000
Investment Overview
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 8.5% 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.
7914 Norvic Street
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.
Exclusively Listed By
Listing Price: $850,000
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.
Investment Overview
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 8.5% 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.
Exclusively Listed By
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