Hyde Park Area
For Sale
$925,000
1313 Peden Street, Houston, TX 77006
Well-maintained fourplex in a desirable Houston location.
Property Size2,686 SF
Price / SF$344.38
Days on Market601
Property Features for 1313 Peden Street
General Information
Standard status
Active
Size
2,686 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$19,983
Amenities
Yes
1
Window Coverings
Appraiser
Window Treatments
Subdivision
6200
One
Electric Gate,Paved
2686
Building Details
Building Size
2,686 SF
Year Built
1930
Stories
2
Listing Agency:
Coldwell Banker Properties
(281) 486-1900
Listed By:
Jessika Paquinto
(281) 685-1938
Source:
Garygreene
Added: Feb 24, 2025
Changed: Oct 16
Last Checked: Oct 16 at 6:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained fourplex is situated in close proximity to the Hyde Park, Montrose, Midtown, and Courtlandt Place areas. The property is fully occupied with tenants on active leases. A notable feature is the off-street parking, a valuable asset in this area. The parking area is gated for added security. The downstairs units each have two entrances. An on-property utility room is available. A new tankless water heater supplies hot water to the entire fourplex. The tenants are described as quiet and professional.
Key Highlights
- Prime Location: Close to Hyde Park, Montrose, Midtown, and Courtlandt Place.
- Fully Occupied: Active leases provide immediate rental income.
- Gated off‑street parking: A significant advantage in the area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,180
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,600
$703.6K
Cap Rate 7%
$502,571
$502.6K
Cap Rate 9%
$390,889
$390.9K
Market Conditions
NOI Build-Up for 2,686 SF
Gross rent
$53.2K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$50.3K $18.71/SF
− OpEx
−$15.1K −$5.61/SF
NOI
$35.2K $13.10/SF
Area
Houston, TX
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,600
Cap Rate 7%
$502,571
Cap Rate 9%
$390,889
Alternative Uses
Best Use
Multifamily LT 5
$502.6K
$439.8K – $586.3K
NOI $35,180 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$434.7K
$380.4K – $507.2K
NOI $30,430 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$690.7K
$604.4K – $805.8K
NOI $48,348 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,675
Businesses Nearby
Explore this area
Business Placement
Demographics for 77006, TX
24,129
Population
16,654
Households
1.4
Avg Household Size
36
Median Age
80%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
10,491
Density / Sq Mi
$102,003
Median Household Income
$73,275
Median Earnings
$1,761
Median Rent
$599,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained fourplex in a desirable Houston location.
Where is this quadplex located?
The property is located at 1313 Peden Street Houston, TX.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Prime Location: Close to Hyde Park, Montrose, Midtown, and Courtlandt Place.; Fully Occupied: Active leases provide immediate rental income.; Gated off‑street parking: A significant advantage in the area.
