Remodeled
For Sale
$330,600
5534 Eskridge Street 4, Houston, TX 77023
Four residential units form part of a larger 10-unit complex.
Property Size2,610 SF
Price / SF$126.67
Days on Market597
Property Features for 5534 Eskridge Street 4
General Information
Standard status
Active
Size
2,610 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,039
Building Details
Year Built
1958
Listing Agency:
Kevin Wood
Listed By:
Kevin Wood · License #0684674
(713) 748-1000
Source:
Exitrealty
Added: Jan 13, 2025
Changed: Sep 2
Last Checked: Sep 2 at 7:14PM
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 Kevin Wood
Investment Insights
Based on property information with market context.
This quadplex contains four units that have been remodeled and operates as one component of a 10-unit complex. The property was built in 1958.
Located at 5534 Eskridge Street in Houston, Texas, the asset is identified within the Lawndale-Westside area. Its configuration provides four units within a larger multi-unit property setting.
Located at 5534 Eskridge Street in Houston, Texas, the asset is identified within the Lawndale-Westside area. Its configuration provides four units within a larger multi-unit property setting.
Key Highlights
- Four‑unit quadplex configuration
- Remodeled units
- Part of a 10‑unit complex
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,569
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$591,380
$591.4K
Cap Rate 7%
$422,414
$422.4K
Cap Rate 9%
$328,544
$328.5K
Market Conditions
NOI Build-Up for 2,610 SF
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.
Gross rent
$57.3K $21.96/SF
− Vacancy
−$3.6K −$1.36/SF
EGI
$53.8K $20.60/SF
− OpEx
−$24.2K −$9.27/SF
NOI
$29.6K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$591,380
Cap Rate 7%
$422,414
Cap Rate 9%
$328,544
Alternative Uses
Best Use
Multifamily LT 5
$488.4K
$427.3K – $569.8K
NOI $34,185 @ 7.0% cap · market cap 10.34%
Second Best
Apartment 5plus
$422.4K
$369.6K – $492.8K
NOI $29,569 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$671.1K
$587.3K – $783.0K
NOI $46,980 @ 7.0% cap · market cap 14.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Explore this area
Business Placement
Demographics for 77023, TX
26,780
Population
11,850
Households
2.3
Avg Household Size
36
Median Age
24%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
4,869
Density / Sq Mi
$50,018
Median Household Income
$35,730
Median Earnings
$1,079
Median Rent
$279,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units form part of a larger 10-unit complex.
Where is this quadplex located?
The property is located at 5534 Eskridge Street 4 Houston, TX.
What is the asking price?
The asking price for this property is $330,600.
What are key features of this property?
This property features: Four‑unit quadplex configuration; Remodeled units; Part of a 10‑unit complex
