Four-Unit Townhome-Style
For Sale
$799,000
21155 Gosling Road # 40, Spring, TX 77388
Fully leased property with private garages and modern interior finishes.
Days on Market261
Property Features for 21155 Gosling Road # 40
General Information
Standard status
Active
Property subtype
Multi Family,Quadruplex
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
6,604 SF
Year Built
2019
Tenancy
Multi
Listing Agency:
White Picket Realty LLC
(405) 887-3085
Listed By:
Florencia Cabeza
(405) 887-3085
Source:
Nancyalmodovar
Added: Nov 13, 2025
Changed: Jul 31
Last Checked: Aug 1 at 10:52AM
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
Investment Insights
Based on property information with market context.
Built in 2019, this fourplex contains four modern townhome-style units, each offering 3 bedrooms, 2.5 baths, a private garage, granite countertops, stainless-steel appliances, and durable LVP flooring in wet areas. All four units are currently rented, providing an established leasing profile for the property.
The HOA covers exterior maintenance, insurance, water, sewer, and trash. The property is located at 21155 Gosling Road #40 in Spring, near the Exxon Campus, Grand Parkway, Hwy 99, I-45, and Klein ISD schools. It is also adjacent to the community playground.
The HOA covers exterior maintenance, insurance, water, sewer, and trash. The property is located at 21155 Gosling Road #40 in Spring, near the Exxon Campus, Grand Parkway, Hwy 99, I-45, and Klein ISD schools. It is also adjacent to the community playground.
Key Highlights
- Fourplex built in 2019 with four currently rented units
- Each unit includes 3 bedrooms, 2.5 baths, and a private garage
- Townhome‑style units feature granite countertops and stainless‑steel appliances
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $133.9k | $20.28 |
| − Vacancy | −$7.8k | −$1.18 |
| EGI | $126.2k | $19.10 |
| − OpEx | −$56.8k | −$8.60 |
| NOI | $69.4k | $10.51 |
6,604 SF · lease $20.28/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$920.7K – $1.23M
NOI $73,652 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$991.3K
$867.4K – $1.16M
NOI $69,389 @ 7.0% cap · market cap 8.68%
Theoretical Best
Specialty Retail
$1.67M
$1.46M – $1.95M
NOI $116,704 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
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
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 - Fully leased property with private garages and modern interior finishes.
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 $799,000.
What are key features of this property?
This property features: Fourplex built in 2019 with four currently rented units; Each unit includes 3 bedrooms, 2.5 baths, and a private garage; Townhome‑style units feature granite countertops and stainless‑steel appliances
