$499,995
$60K PRICE DROP

Estimated payment $3,675/month

Total Views 7,690
2 Beds
-- Bath
3,468 Sq Ft
$144 Price per Sq Ft

About This Home

Excellent turnkey investment opportunity offering an 8% cap rate! This fully remodeled and fully occupied fourplex features four spacious 2-bedroom, 1-bath units, each equipped with central air and heat, a generous kitchen with serving bar, electric stove, refrigerator, large pantry, and washer/dryer connections. Every unit also includes a private patio and individual storage space. Tenants enjoy off-street parking with ample guest parking as well. Each unit is separately metered for electricity, making management simple. With current market rents at $1,200 per unit, this property has the potential to gross $4,800 per month. Ideally located on a quiet street with easy access to Hobby Airport, Downtown Houston, major highways, the Medical Center, and more. Do not disturb tenants. Drive-by only.

Listing Agent

Jay Thomas

eXp Realty LLC License #0550416 Listed on: 03/19/2025

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,962

Year Built

  • Built in 1984

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 2 Bedrooms
  • 3,468 Sq Ft Home
  • 2-Story Property

Kitchen

  • Dishwasher
  • Disposal

Schools

  • Jessup Elementary School
  • Schneider Middle School
  • South Houston High School

Additional Features

  • 6,200 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Easthaven Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,962

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Directions: South on I-45 South(Gulf Freeway) to the Airport/College exit. Go past Airport/College to East Haven Blvd. Turn right and continue to Grannis and turn right.
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1984
  • Subdivision Name: Easthaven
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal
  • Total Bedrooms: 2
  • Living Area: 3468.0

Exterior Features

  • Disclosures: None
  • Roof: Composition

Utilities

  • Utilities: Electricity Available, Water Available
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Schools

  • Elementary School: JESSUP ELEMENTARY SCHOOL
  • Junior High Dist: 41 - Pasadena
  • High School: SOUTH HOUSTON HIGH SCHOOL
  • Middle Or Junior School: SCHNEIDER MIDDLE SCHOOL

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10962.0

Multi Family

  • Number Of Units Total: 4

Map

Range of Values:

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Average Value
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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
06/25/2025 06/25/25 Price Changed $499,995 -1.0% $144 / Sq Ft
06/18/2025 06/18/25 Price Changed $505,000 -1.0% $146 / Sq Ft
06/16/2025 06/16/25 Price Changed $509,995 -1.0% $147 / Sq Ft
06/07/2025 06/07/25 Price Changed $514,995 -1.9% $148 / Sq Ft
05/24/2025 05/24/25 Price Changed $524,995 -0.9% $151 / Sq Ft
05/06/2025 05/06/25 Price Changed $529,995 -0.9% $153 / Sq Ft
04/26/2025 04/26/25 Price Changed $534,995 -0.9% $154 / Sq Ft
04/14/2025 04/14/25 Price Changed $539,995 -0.9% $156 / Sq Ft
04/03/2025 04/03/25 Price Changed $545,000 -2.7% $157 / Sq Ft
03/19/2025 03/19/25 For Sale $560,000 0.0% $161 / Sq Ft
06/16/2023 06/16/23 Rented $1,200 +4.3% --
06/09/2023 06/09/23 Under Contract -- -- --
05/23/2023 05/23/23 For Rent $1,150 0.0% --
02/01/2021 02/01/21 Sold -- -- --
01/02/2021 01/02/21 Pending -- -- --
11/24/2020 11/24/20 For Sale $370,000 -- $107 / Sq Ft
Source: Houston Association of REALTORS®

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Source: Houston Association of REALTORS®

MLS Number: 52836588

Houston Association of REALTORS®