4-Unit Quadplex with Dedicated
1912 Arbor Street, Houston, TX 77004
For Sale
New
$910,000
Residences feature stainless steel appliances, quartz counters, and central HVAC.
Property Size3,254 SF
Days on Market4
Property Features for 1912 Arbor Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
stainless steel appliances
quartz countertops
central HVAC
stackable W/D units
Building Details
Building Size
Year Built
Listing Agency:
United Real Estate
Listed By:
Megan Dill
(903) 423-1379
Source:
Greenwoodking
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:33PM
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 United Real Estate
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Investment Insights
Based on property information with market context.
Built in 1938, this four-unit property has designated parking for each residence. Unit features include stainless steel appliances, quartz countertops, and central HVAC. Stackable washer and dryer units are also noted, along with updated plumbing and electrical systems.
The property is near the Texas Medical Center and Museum District in Houston.
The property is near the Texas Medical Center and Museum District in Houston.
Key Highlights
- Four residential units, each with designated parking
- Stainless steel appliances and quartz countertops in each unit
- Central HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,620
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,400
$852.4K
Cap Rate 7%
$608,857
$608.9K
Cap Rate 9%
$473,556
$473.6K
Market Conditions
NOI Build-Up for 3,254 SF
Gross rent
$64.4K $19.80/SF
− Vacancy
−$3.5K −$1.09/SF
EGI
$60.9K $18.71/SF
− OpEx
−$18.3K −$5.61/SF
NOI
$42.6K $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 Rate 5%
$852,400
Cap Rate 7%
$608,857
Cap Rate 9%
$473,556
Alternative Uses
Best Use
Multifamily LT 5
$608.9K
$532.8K – $710.3K
NOI $42,620 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$526.6K
$460.8K – $614.4K
NOI $36,865 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$836.7K
$732.2K – $976.2K
NOI $58,572 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
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
$384,100
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Houston, TX
Properties on Market for Quadplexes in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Residences feature stainless steel appliances, quartz counters, and central HVAC.
Where is this quadplex located?
The property is located at 1912 Arbor Street Houston, TX.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: Four residential units, each with designated parking; Stainless steel appliances and quartz countertops in each unit; Central HVAC
