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    1511 Scharpe St, Unit 4 Houston, TX 77023

    For Lease
    $850 /Mo ($6 SF/Yr)

    One-bedroom, one-bath unit in a quiet fourplex, ideal for students.

    Property size:
    1,585 SF
    Lot size:
    0.14 Acres

    Property Features for 1511 Scharpe St

    General Information

    Size
    1,585 SF
    Lot size
    0.14 Acres

    Building Details

    Year built
    1935

    Source: KW Houston Central Agent Shahriyar Mehrazar

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cozy Unit Near Greater Eastwood

    This cozy one-bedroom, one-bath unit is located in a quiet fourplex near Greater Eastwood. The unit features laminate flooring and updated kitchen and bath. A shared outdoor laundry area is available. The location is ideal for students, with the University of Houston and TSU minutes away. Downtown, Minute Maid Park, and Shell Energy Stadium (formerly BBVA/Compass) are also nearby. The property provides quick access to NRG Stadium, local restaurants, nightlife, and public transit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.3295667
    Latitude
    29.7257774

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    FAQs

    What type of property is this?
    Quadplex - One-bedroom, one-bath unit in a quiet fourplex, ideal for students.
    Where is this quadplex located?
    The property is located at 1511 Scharpe St, Unit 4 Houston, TX.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - Minutes from University of Houston, TSU, Downtown, Minute Maid Park, and Shell Energy Stadium; - **Updated kitchen and bath**; - Laminate flooring
    Request Owner's contact information
    1511 Scharpe St, Unit 4 Houston, TX 77023
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1511 Scharpe St, Unit 4 Houston, TX 77023
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