Well-Maintained 4-Plex
1313 Peden Street Houston, TX 77006
1313 Peden Street, Houston, TX, 77006
$1,075,000
For Sale
$1,075,000
Well-maintained, fully occupied four-plex with gated off-street parking and two entrances for downstairs units.
Property Size2,686 SF
Price / SF$400.22
Days on Market512
Property Features for 1313 Peden Street
General Information
- Standard status
- Active
- Size
- 2,686 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing agency
Michael Overbey
(713) 272-7133
Listed by
Michael Overbey · License #0470230
(713) 272-7133
Source
Exitrealty
Added: Feb 25, 2025 Updated: Jul 21 at 4:30AM Checked: Jul 22 at 5:59AM
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 Michael Overbey
Investment Insights
Based on property information with market context.
This well-maintained four-plex is fully occupied and operating on active leases. The property includes a gated parking area and off-street parking. Downstairs units feature two entrances, and there is an on-property utility room.
The home is described as very close in and centrally positioned between Hyde Park, Montrose, Midtown, and Courtland Place.
A new tankless water heater supplies hot water to the entire four-plex.
The home is described as very close in and centrally positioned between Hyde Park, Montrose, Midtown, and Courtland Place.
A new tankless water heater supplies hot water to the entire four-plex.
Key Highlights
- Well‑maintained 4‑plex built in 1930, fully occupied on active leases
- Gated off‑street parking provided for the 4‑plex
- Downstairs units have two separate entrances
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.2k | $19.80 |
| − Vacancy | −$2.9k | −$1.09 |
| EGI | $50.3k | $18.71 |
| − OpEx | −$15.1k | −$5.61 |
| NOI | $35.2k | $13.10 |
2,686 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$502.6K
$439.8K – $586.3K
NOI $35,180 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$434.7K
$380.4K – $507.2K
NOI $30,430 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$690.7K
$604.4K – $805.8K
NOI $48,348 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Well-maintained, fully occupied four-plex with gated off-street parking and two entrances for downstairs units.
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 $1,075,000.
What are key features of this property?
This property features: Well‑maintained 4‑plex built in 1930, fully occupied on active leases; Gated off‑street parking provided for the 4‑plex; Downstairs units have two separate entrances
