4-Unit Apartment
For Sale
$850,000
1540 Hawthorne Street # 4, Houston, TX 77006
Residents have gated off-street parking and access to a shared laundry facility.
Property Size2,730 SF
Price / SF$311.36
Days on Market345
Property Features for 1540 Hawthorne Street # 4
General Information
Standard status
Active
Size
2,730 SF
Property subtype
Multi Family,Quadruplex
Site & Location
Neighborhood
Neartown - Montrose
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Amenities
on-site laundry
gated off-street parking
Building Details
Building Size
2,730 SF
Year Built
1927
Stories
2
Listing Agency:
Pacific Investment Corporation
Listed By:
Hieu Nguyen
(713) 443-4844
Source:
Bethwolff
Added: Nov 24, 2025
Changed: Nov 2
Last Checked: Oct 31 at 8:30AM
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
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Investment Insights
Based on property information with market context.
This two-story apartment property contains four residences, each configured with one bedroom, one bathroom, a kitchen, and a living room. The 2,730-square-foot building dates to 1927. Interior features include hardwood floors, large windows, and combined living and dining areas. Kitchens have vintage cabinetry, gas ranges, refrigerators, and dishwashers; bathrooms include tub-and-shower combinations with tile surrounds.
Gated off-street parking and shared on-site laundry serve the property. The building is offered in its current condition, with no repairs to be made.
Gated off-street parking and shared on-site laundry serve the property. The building is offered in its current condition, with no repairs to be made.
Key Highlights
- Four residences, each with 1 bedroom and 1 bathroom
- 2,730‑square‑foot, two‑story building constructed in 1927
- Gated off‑street parking and shared on‑site laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,757
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,140
$715.1K
Cap Rate 7%
$510,814
$510.8K
Cap Rate 9%
$397,300
$397.3K
Market Conditions
NOI Build-Up for 2,730 SF
Gross rent
$54.1K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$51.1K $18.71/SF
− OpEx
−$15.3K −$5.61/SF
NOI
$35.8K $13.10/SF
Area
Houston, TX
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,140
Cap Rate 7%
$510,814
Cap Rate 9%
$397,300
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.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,073
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Residents have gated off-street parking and access to a shared laundry facility.
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 residences, each with 1 bedroom and 1 bathroom; 2,730‑square‑foot, two‑story building constructed in 1927; Gated off‑street parking and shared on‑site laundry
