Prime Location Corner Investment
For Sale
$625,000
301 Grace Street 4, Houston, TX 77003
Tenant-occupied investment property with individual kitchens and bathrooms.
Property Size2,284 SF
Price / SF$273.64
Days on Market361
Property Features for 301 Grace Street 4
General Information
Standard status
Active
Size
2,284 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$6,872
Amenities
No
1
2
Appraiser
Ceiling Fan(s)
5000
2284
Building Details
Building Size
2,284 SF
Year Built
1928
Stories
2
Listing Agency:
Lawrence Realty
(281) 444-5140
Listed By:
Steve Caton
(713) 417-7227
Source:
Garygreene
Added: Oct 19, 2025
Changed: Oct 13
Last Checked: Oct 12 at 5:17PM
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 Lawrence Realty
Investment Insights
Based on property information with market context.
This corner property is located in a prime location and is currently tenant-occupied on a month-to-month rent basis, making it an ideal investment opportunity. Each unit is equipped with its own bathroom and kitchen.
Key Highlights
- Prime location corner property
- Ideal investment property
- Tenant occupied (month‑to‑month)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,876
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,520
$517.5K
Cap Rate 7%
$369,657
$369.7K
Cap Rate 9%
$287,511
$287.5K
Market Conditions
NOI Build-Up for 2,284 SF
Gross rent
$50.2K $21.96/SF
− Vacancy
−$3.1K −$1.36/SF
EGI
$47.0K $20.60/SF
− OpEx
−$21.2K −$9.27/SF
NOI
$25.9K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,520
Cap Rate 7%
$369,657
Cap Rate 9%
$287,511
Alternative Uses
Best Use
Apartment 5plus
$369.7K
$323.5K – $431.3K
NOI $25,876 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.3K
$513.9K – $685.2K
NOI $41,112 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,168
Businesses Nearby
Explore this area
Business Placement
Demographics for 77003, TX
11,874
Population
6,201
Households
1.9
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
4,398
Density / Sq Mi
$88,837
Median Household Income
$63,831
Median Earnings
$1,562
Median Rent
$363,000
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Tenant-occupied investment property with individual kitchens and bathrooms.
Where is this multifamily property located?
The property is located at 301 Grace Street 4 Houston, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Prime location corner property; Ideal investment property; Tenant occupied (month‑to‑month)
