Gated Fourplex with Shared
For Sale
$850,000
1540 Hawthorne Street # 4, Houston, TX 77006
Two-story income property with one-bedroom residences, original finishes, and secured off-street parking.
Property Size2,730 SF
Price / SF$311.36
Days on Market253
Property Features for 1540 Hawthorne Street # 4
General Information
Standard status
Active
Size
2,730 SF
Property subtype
Multi Family,Quadruplex
Amenities
hardwood flooring
large windows
combined living and dining area
vintage cabinetry
gas range
refrigerator
dishwasher
shared laundry facility
Building Details
Building Size
2,730 SF
Year Built
1927
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Pacific Investment Corporation
(713) 443-4844
Listed By:
Hieu Nguyen
(713) 443-4844
Source:
Nancyalmodovar
Added: Nov 24, 2025
Changed: Aug 3
Last Checked: Aug 4 at 9:03AM
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 Pacific Investment Corporation
Investment Insights
Based on property information with market context.
This 1927 fourplex contains approximately 2730 sq ft across two stories, with each residence offering one bedroom, one bathroom, a kitchen, living room, and closet space. Interior details include original hardwood flooring, large windows, combined living and dining areas, and vintage kitchen cabinetry. Each kitchen includes a gas range, refrigerator, and dishwasher, while the bathrooms feature a tub and shower combination with tile surround.
The gated property provides off-street parking and a shared laundry facility on site. Located on Hawthorne Street in Houston’s Montrose area, the asset is occupied by tenants and is offered in as-is condition with no repairs. Showings require a letter of intent or contract, and tenants should not be disturbed.
The gated property provides off-street parking and a shared laundry facility on site. Located on Hawthorne Street in Houston’s Montrose area, the asset is occupied by tenants and is offered in as-is condition with no repairs. Showings require a letter of intent or contract, and tenants should not be disturbed.
Key Highlights
- Four‑unit property with approximately 2730 sq ft
- Two‑story configuration with one bedroom and one bathroom per unit
- Original hardwood flooring and large windows throughout the residences
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 | $54.1k | $19.80 |
| − Vacancy | −$3.0k | −$1.09 |
| EGI | $51.1k | $18.71 |
| − OpEx | −$15.3k | −$5.61 |
| NOI | $35.8k | $13.10 |
2,730 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$510.8K
$447.0K – $596.0K
NOI $35,757 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$441.8K
$386.6K – $515.5K
NOI $30,929 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$702.0K
$614.3K – $819.0K
NOI $49,140 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,073
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
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 - Two-story income property with one-bedroom residences, original finishes, and secured off-street parking.
Where is this quadplex located?
The property is located at 1540 Hawthorne Street # 4 Houston, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four‑unit property with approximately 2730 sq ft; Two‑story configuration with one bedroom and one bathroom per unit; Original hardwood flooring and large windows throughout the residences
