Houston Fourplex Near
For Sale
$575,000
2302 Blodgett Street Unit 14, Houston, TX 77004
Four updated units near universities, medical center, and downtown.
Property Size3,384 SF
Price / SF$169.92
Days on Market230
Property Features for 2302 Blodgett Street Unit 14
General Information
Standard status
Active
Size
3,384 SF
Property subtype
Residential Income / Quadruplex
Site & Location
Neighborhood
Greater Third Ward
Taxes and HOA fees
Annual Taxes
$10,680
Amenities
Two
Central Air, Electric
Central, Electric
2
Wood, Hardwood
Dishwasher, Disposal, Microwave, Refrigerator
Yes
1
Low Emissivity Windows, Window Coverings
Granite Counters, Window Treatments, Ceiling Fans
Composition
No
Fire Alarm
Brick
Building Details
Year Built
1935
Listing Agency:
Coldwell Banker Real Estate LLC
Listed By:
Nneka Obialo · License #0762387
(281) 549-2672
Source:
Compass
Added: Mar 11
Changed: Oct 11
Last Checked: Oct 24 at 8:05PM
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 Coldwell Banker Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fourplex presents an opportunity to own a property in Houston. The building contains four units, each featuring one bedroom and one bathroom, with updated kitchens and bathrooms. The layout includes two units located upstairs and two downstairs. Dedicated parking is available at the rear of the property. Situated near TSU, the University of Houston, the Medical Center, downtown Houston, and major sports stadiums, the property benefits from proximity to these key locations. The property is suitable for Airbnb, short or long-term rentals, or student housing. It can be owner-occupied with the remaining units leased, or held as an income-producing asset.
Key Highlights
- Prime Houston location near TSU, University of Houston, the Medical Center, downtown, and sports stadiums.
- Four updated one‑bedroom, one‑bath units, ideal for diverse rental strategies (Airbnb, short/long‑term).
- Excellent income potential as a long‑term investment in a high‑demand area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,323
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,460
$886.5K
Cap Rate 7%
$633,186
$633.2K
Cap Rate 9%
$492,478
$492.5K
Market Conditions
NOI Build-Up for 3,384 SF
Gross rent
$67.0K $19.80/SF
− Vacancy
−$3.7K −$1.09/SF
EGI
$63.3K $18.71/SF
− OpEx
−$19.0K −$5.61/SF
NOI
$44.3K $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%
$886,460
Cap Rate 7%
$633,186
Cap Rate 9%
$492,478
Alternative Uses
Best Use
Multifamily LT 5
$633.2K
$554.0K – $738.7K
NOI $44,323 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$547.7K
$479.2K – $639.0K
NOI $38,338 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$870.2K
$761.4K – $1.02M
NOI $60,912 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,962
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four updated units near universities, medical center, and downtown.
Where is this quadplex located?
The property is located at 2302 Blodgett Street Unit 14 Houston, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Prime Houston location near TSU, University of Houston, the Medical Center, downtown, and sports stadiums.; Four updated one‑bedroom, one‑bath units, ideal for diverse rental strategies (Airbnb, short/long‑term).; Excellent income potential as a long‑term investment in a high‑demand area.
