Four-Unit Quadplex with Assigned
New
For Sale
$690,000
1826 Rosedale Street # 4, Houston, TX 77004
Two structures offer flexible rental configurations with separate utility metering and designated parking.
Property Size4,630 SF
Days on Market6
Property Features for 1826 Rosedale Street # 4
General Information
Standard status
Active
Size
4,630 SF
Property subtype
Multi Family,Quadruplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 1BR, 2 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$18,738
Building Details
Building Size
4,630 SF
Year Built
1930
Buildings
2
Listing Agency:
Real Broker, LLC
(832) 501-3227
Listed By:
David Outlaw
(832) 501-3227
Source:
Greenwoodking
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 22 at 10:20AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This quadplex comprises two buildings with four residences. The first structure contains two one-bedroom apartments positioned above the garage, while the two-story brick duplex includes two-bedroom, one-bath units. Each residence has its own entrance, individual electric and gas meters, and assigned parking.
The property is in Houston’s Museum District, with proximity to Downtown Houston, the Texas Medical Center, Hermann Park, the Houston Zoo, Midtown, EaDo, Rice University, the University of Houston, and Texas Southern University. Access to METRORail and TX 288, I-45, and I-69 supports connections throughout the area. Built in 1930, the property presents a mixed unit configuration within a four-unit residential income asset.
The property is in Houston’s Museum District, with proximity to Downtown Houston, the Texas Medical Center, Hermann Park, the Houston Zoo, Midtown, EaDo, Rice University, the University of Houston, and Texas Southern University. Access to METRORail and TX 288, I-45, and I-69 supports connections throughout the area. Built in 1930, the property presents a mixed unit configuration within a four-unit residential income asset.
Key Highlights
- Four‑unit property arranged across two buildings
- Two one‑bedroom apartments above the garage plus a two‑story duplex with two‑bedroom, one‑bath units
- Private entrances and individual electric and gas meters for each unit
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
$60,642
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
8.79%
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%
$1,212,840
$1.2M
Cap Rate 7%
$866,314
$866.3K
Cap Rate 9%
$673,800
$673.8K
Market Conditions
NOI Build-Up for 4,630 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
$91.7K $19.80/SF
− Vacancy
−$5.0K −$1.09/SF
EGI
$86.6K $18.71/SF
− OpEx
−$26.0K −$5.61/SF
NOI
$60.6K $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 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%
$1,212,840
Cap Rate 7%
$866,314
Cap Rate 9%
$673,800
Alternative Uses
Best Use
Multifamily LT 5
$866.3K
$758.0K – $1.01M
NOI $60,642 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$749.3K
$655.7K – $874.2K
NOI $52,454 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,340 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,506
Businesses Nearby
Explore this area
Business Placement
Demographics for 77004, TX
37,005
Population
18,321
Households
2
Avg Household Size
31
Median Age
57%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
7,116
Density / Sq Mi
$65,901
Median Household Income
$55,909
Median Earnings
$1,320
Median Rent
$384,100
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 structures offer flexible rental configurations with separate utility metering and designated parking.
Where is this quadplex located?
The property is located at 1826 Rosedale Street # 4 Houston, TX.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Four‑unit property arranged across two buildings; Two one‑bedroom apartments above the garage plus a two‑story duplex with two‑bedroom, one‑bath units; Private entrances and individual electric and gas meters for each unit
