$500,000

4831 Gulf Fwy Unit 6 Houston, TX 77023

Eastwood Neighborhood

Estimated payment $3,364/month

Total Views 2,752
4 Beds
4 Baths
4,032 Sq Ft
$124 Price per Sq Ft

Highlights

  • Window Unit Cooling System
  • Cage Elementary School Rated 9+
  • No Heating

About This Home

Income-Producing 4-Plex with Value-Add Potential - Prime Houston Location This half-renovated 4-plex offers the best of both worlds - two units are occupied by long-term tenants providing steady income, while two vacant unitshave undergone a FULL RENOVATION down to the stude! Each of the four 1BR/1BA units includes a private garage. Upgraded features include recessed lighting, waterproof vinyl plank flooring, modern walk-in showers, new appliances, and updated PEX plumbing/wiring. Situated on a 6,250 sq ft lot near UofH and Hobby Airport, the property's no-HOA status makes it ideal for either maintaining the existing rental income or converting to higher-yield short-term rentals. With repairs already factored into the price, this turnkey opportunity combines immediate cash flow with clear upside potential through simple renovations and strategic rent increases - a smart play for investors seeking a low-risk asset in Houston's competitive market. (PROPERTY STILL UNDER RENOVATION!!)

Last Listed By

Collie Hill

LPT Realty, LLC License #0809790 Listed on: 03/31/2025

LPT Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,685

Year Built

  • Built in 1946

Lot Details

  • 6,250 Sq Ft Lot

Home Design

  • Composition Roof

Interior Spaces

  • 4,032 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Schools

  • Cage Elementary School
  • Navarro Middle School
  • Austin High School

Utilities

  • Window Unit Cooling System
  • No Heating

Community Details

  • Broadmoor Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,685

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Directions: From the intersection of Gulf Freeway and Cullen BLVD, travel East on Gulf Freeway Access road for 1 Mile and then make a u-turn under Gulf Freeway. Make the first right turn on Lombardy and then another Left at the Y. Travel .07 Miles and the properties will be on your left with a driveway in between the duplexes. The 4-plexes sit directly behind the duplexes and can be accessed from the Gulf Freeway side of the street.
  • Property Sub Type: Detached
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1946
  • Subdivision Name: Broadmoor
  • Unit Levels: Two
  • New Construction: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Living Area: 4032.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Other, Seller Disclosure
  • Roof: Composition

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No

Schools

  • Elementary School: CAGE ELEMENTARY SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: AUSTIN HIGH SCHOOL (HOUSTON)
  • Middle Or Junior School: NAVARRO MIDDLE SCHOOL (HOUSTON)

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6685.0

Multi Family

  • Number Of Units Total: 4

Map

Range of Values:

Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 Price Changed $1,050 0.0% $1 / Sq Ft
03/31/2025 03/31/25 For Sale $500,000 0.0% $124 / Sq Ft
03/28/2025 03/28/25 For Rent $1,300 -- --
Source: Houston Association of REALTORS®

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Source: Houston Association of REALTORS®

MLS Number: 18483318

Houston Association of REALTORS®