Two-Story
For Sale
$475,000
610 Caperton Street 1, Houston, TX 77022
Four-unit multifamily property with a sizable lot and access to shopping, dining, major roads, and downtown Houston.
Property Size3,620 SF
Lot Size0.27 Acres
Price / SF$131.22
Days on Market16
Property Features for 610 Caperton Street 1
General Information
Standard status
Active
Size
3,620 SF
Lot size
0.27 Acres
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,329
Amenities
Yes
4
8
Owner
11700
Appraiser
3620
Building Details
Building Size
3,620 SF
Year Built
1950
Stories
2
Listing Agency:
Keller Williams Realty Southwest
(713) 461-6800
Listed By:
Douglas Griffith
(713) 825-7652
Source:
Garygreene
Added: Sep 22
Changed: Oct 6
Last Checked: Oct 5 at 4:29PM
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 Keller Williams Realty Southwest
Investment Insights
Based on property information with market context.
This two-story quadplex, built in 1950, contains approximately 3,718 square feet arranged across four residential units. The property sits on an approximately 11,700-square-foot lot, providing a substantial site for a multifamily asset in Houston’s Northside-Northline area.
The location offers access to major roads, shopping, dining, and downtown Houston. WalkScore is 61, BikeScore is 43, and TransitScore is 49, reflecting some walkability, limited biking convenience, and access to public transportation.
The location offers access to major roads, shopping, dining, and downtown Houston. WalkScore is 61, BikeScore is 43, and TransitScore is 49, reflecting some walkability, limited biking convenience, and access to public transportation.
Key Highlights
- Four‑unit multifamily configuration
- Approximately 3,718 SF across two stories
- Approximately 11,700 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,012
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$820,240
$820.2K
Cap Rate 7%
$585,886
$585.9K
Cap Rate 9%
$455,689
$455.7K
Market Conditions
NOI Build-Up for 3,620 SF
Gross rent
$79.5K $21.96/SF
− Vacancy
−$4.9K −$1.36/SF
EGI
$74.6K $20.60/SF
− OpEx
−$33.6K −$9.27/SF
NOI
$41.0K $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 Rate 5%
$820,240
Cap Rate 7%
$585,886
Cap Rate 9%
$455,689
Alternative Uses
Best Use
Multifamily LT 5
$677.3K
$592.7K – $790.2K
NOI $47,414 @ 7.0% cap · market cap 9.98%
Second Best
Apartment 5plus
$585.9K
$512.7K – $683.5K
NOI $41,012 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$930.9K
$814.5K – $1.09M
NOI $65,160 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 77022, TX
28,748
Population
10,717
Households
2.7
Avg Household Size
35
Median Age
13%
College-Educated
63%
High-School Grad
5.8 sq mi
ZIP Area
4,957
Density / Sq Mi
$48,386
Median Household Income
$28,877
Median Earnings
$1,047
Median Rent
$197,200
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property with a sizable lot and access to shopping, dining, major roads, and downtown Houston.
Where is this quadplex located?
The property is located at 610 Caperton Street 1 Houston, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four‑unit multifamily configuration; Approximately 3,718 SF across two stories; Approximately 11,700 SF lot
