3405 Drew St Unit 4 Houston, TX 77004
Third Ward NeighborhoodEstimated payment $2,850/month
About This Home
Investment Opportunity in Houston’s Booming 3rd Ward!
Located just 5 minutes from Texas Southern University and only 3 minutes from the University of Houston, this 4-unit multifamily property is perfectly positioned in one of Houston’s fastest-growing neighborhoods.
Each unit offers 2 bedrooms and 1 bathroom, making it highly attractive to students, young professionals, and families seeking affordable housing close to major universities, Downtown Houston, and the Medical Center. Each unit is currently rented as there is a high demand for rental property in this area.
The 3rd Ward is undergoing an exciting transformation, with new construction breaking ground daily and a surge of development reshaping the community. Investors will appreciate the strong rental demand, excellent proximity to higher education, and long-term growth potential in this transitioning area.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,840
Year Built
- Built in 1964
Home Design
- Quadruplex
- Composition Roof
Interior Spaces
- 3,120 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Schools
- Blackshear Elementary School
- Cullen Middle School
- Yates High School
Additional Features
- 5,000 Sq Ft Lot
- Zoned Heating and Cooling
Community Details
- 4 Units
- Wilson Wm A Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,345 | $309,892 | $100,000 | $209,892 |
| 2024 | $6,345 | $303,248 | $100,000 | $203,248 |
| 2023 | $6,345 | $250,443 | $100,000 | $150,443 |
| 2022 | $5,070 | $218,817 | $100,000 | $118,817 |
| 2021 | $4,366 | $187,320 | $75,000 | $112,320 |
| 2020 | $4,861 | $191,616 | $75,000 | $116,616 |
| 2019 | $5,189 | $196,154 | $75,000 | $121,154 |
| 2018 | $4,348 | $171,843 | $70,000 | $101,843 |
| 2017 | $3,569 | $135,000 | $55,000 | $80,000 |
| 2016 | $3,263 | $123,430 | $43,750 | $79,680 |
| 2015 | $3,096 | $127,575 | $43,750 | $83,825 |
| 2014 | $3,096 | $120,442 | $43,750 | $76,692 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/19/2026 02/19/26 | Price Changed | $430,000 | -5.5% | $138 / Sq Ft | |
| 11/21/2025 11/21/25 | Price Changed | $455,000 | -3.2% | $146 / Sq Ft | |
| 10/09/2025 10/09/25 | For Sale | $470,000 | +4.7% | $151 / Sq Ft | |
| 03/26/2023 03/26/23 | Off Market | -- | -- | -- | |
| 03/02/2023 03/02/23 | Sold | -- | -- | -- | View Prior Sale |
| 01/22/2023 01/22/23 | For Sale | $449,000 | -- | $144 / Sq Ft |
Source: Houston Association of REALTORS®
MLS Number: 43398969
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The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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