Quadplex with Private
New
For Sale
$699,900
21155 Gosling Road 40, Spring, TX 77388
Four occupied residences feature townhome-style layouts and private garages.
Property Size6,604 SF
Price / SF$105.98
Days on Market2
Property Features for 21155 Gosling Road 40
General Information
Standard status
Active
Size
6,604 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
4 x 3BR/2.5BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Amenities
Carpet,Plank,Vinyl
true
8
12
Washer Hookup,Dryer Hookup
Appraiser
Granite Counters
2700
One
Garage,Garage Door Opener
6604
Building Details
Building Size
6,604 SF
Year Built
2019
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
White Picket Realty LLC
(832) 262-9488
Listed By:
Ken & Mayte Hayes
Source:
Klmrealtygroup
Added: Oct 29
Last Checked: Oct 29 at 2:43PM
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 White Picket Realty LLC
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Investment Insights
Based on property information with market context.
Completed in 2019, this 6,604 SF quadplex contains four townhome-style residences, each with three bedrooms, two and a half bathrooms, and a private garage. Interior features include granite countertops, stainless-steel appliances, and LVP flooring in wet areas. All four units are currently rented.
The property is on Gosling Road in Spring, near Exxon Campus, Grand Parkway (Hwy 99), I-45, and Klein ISD schools. A community playground is adjacent to the property. The HOA covers exterior maintenance, insurance, water, sewer, and trash. These shared services and the existing occupancy are key components of the property’s current configuration.
The property is on Gosling Road in Spring, near Exxon Campus, Grand Parkway (Hwy 99), I-45, and Klein ISD schools. A community playground is adjacent to the property. The HOA covers exterior maintenance, insurance, water, sewer, and trash. These shared services and the existing occupancy are key components of the property’s current configuration.
Key Highlights
- Four‑unit property totaling 6,604 SF, built in 2019
- All four residences are currently rented
- Each townhome‑style unit has 3 bedrooms, 2.5 baths, and a private garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,464
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,280
$1.0M
Cap Rate 7%
$720,914
$720.9K
Cap Rate 9%
$560,711
$560.7K
Market Conditions
NOI Build-Up for 6,604 SF
Gross rent
$79.2K $12.00/SF
− Vacancy
−$7.2K −$1.08/SF
EGI
$72.1K $10.92/SF
− OpEx
−$21.6K −$3.27/SF
NOI
$50.5K $7.64/SF
Area
Harris County, TX
Vacancy
9.03%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,280
Cap Rate 7%
$720,914
Cap Rate 9%
$560,711
Alternative Uses
Best Use
Multifamily LT 5
$720.9K
$630.8K – $841.1K
NOI $50,464 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$625.5K
$547.3K – $729.8K
NOI $43,785 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,226 @ 7.0% cap · market cap 18.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
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Business Placement
Demographics for 77388, TX
51,483
Population
18,924
Households
2.7
Avg Household Size
37
Median Age
34%
College-Educated
92%
High-School Grad
13.4 sq mi
ZIP Area
3,842
Density / Sq Mi
$101,588
Median Household Income
$53,925
Median Earnings
$1,809
Median Rent
$264,600
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 - Four occupied residences feature townhome-style layouts and private garages.
Where is this quadplex located?
The property is located at 21155 Gosling Road 40 Spring, TX.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Four‑unit property totaling 6,604 SF, built in 2019; All four residences are currently rented; Each townhome‑style unit has 3 bedrooms, 2.5 baths, and a private garage
