Four-Unit Property in Bridgestone
For Sale
$799,000
21155 Gosling Rd Unit 40, Spring, TX 77388
Modern four-unit property built in 2019, fully occupied.
Property Size6,604 SF
Price / SF$120.99
Days on Market225
Property Features for 21155 Gosling Rd Unit 40
General Information
Standard status
Active
Size
6,604 SF
Property subtype
Multi-Family
Building Details
Year Built
2019
Listing Agency:
White Picket Realty LLC
Listed By:
Florencia Cabeza
(405) 887-3085
Source:
Vincesoldit
Added: Mar 10
Changed: Oct 13
Last Checked: Oct 19 at 11:27AM
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.
Constructed in 2019, this four-unit property is located in Bridgestone Crossing. Each unit features a consistent layout with three bedrooms and two bathrooms, along with an attached single-car garage. Interior finishes include granite counters and vinyl plank flooring, with carpeted bedrooms. Each unit is equipped with in-unit laundry connections and a refrigerator. Residents have access to a playground and a dog park. The Homeowner's Association (HOA) provides exterior maintenance, insurance, water, and sewer services. The property is situated with convenient access to FM 2920 and Gosling Road. Nearby amenities include H-E-B, Lowe’s, Walmart, Sprouts, Chick-fil-A, Raising Cane’s, Chili’s, Alicia’s Mexican Grille, and Dutch Bros Coffee, as well as various retail and service centers. The property is currently fully occupied, providing a stable income-producing asset in a well-connected corridor of Spring, Texas.
Key Highlights
- Stable, income‑producing four‑unit property with all units currently occupied.
- Modern construction (built in 2019) in the desirable Bridgestone Crossing area.
- Consistent three‑bedroom, two‑bath layout in each unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,464
Cap Rate
6.32%
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 6.32%
Second Best
Apartment 5plus
$625.5K
$547.3K – $729.8K
NOI $43,785 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,226 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Modern four-unit property built in 2019, fully occupied.
Where is this quadplex located?
The property is located at 21155 Gosling Rd Unit 40 Spring, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Stable, income‑producing four‑unit property with all units currently occupied.; Modern construction (built in 2019) in the desirable Bridgestone Crossing area.; Consistent three‑bedroom, two‑bath layout in each unit.
