Four-Unit
For Sale
$625,000
301 Grace Street # 4, Houston, TX 77003
All four residences include a private kitchen and bathroom, with current occupancy on month-to-month terms.
Property Size2,284 SF
Price / SF$273.64
Days on Market381
Property Features for 301 Grace Street # 4
General Information
Standard status
Active
Size
2,284 SF
Property subtype
Multi Family,Quadruplex
Site & Location
Neighborhood
Second Ward
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,872
Building Details
Building Size
2,284 SF
Year Built
1928
Listing Agency:
Step Real Estate
Listed By:
Briseida Hinojosa · License #0558247
(832) 704-2643
Source:
Citybrixrealty
Added: Oct 19, 2025
Changed: Nov 2
Last Checked: Nov 3 at 6:17AM
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 Step Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Houston quadplex contains four residences, each with its own kitchen and bathroom. The 2,284-square-foot property was built in 1928 and sits on a corner parcel at 301 Grace Street. All units are tenant-occupied under month-to-month arrangements.
Key Highlights
- Four residences, each with a separate kitchen and bathroom
- 2,284 square feet
- Built in 1928
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,915
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,300
$598.3K
Cap Rate 7%
$427,357
$427.4K
Cap Rate 9%
$332,389
$332.4K
Market Conditions
NOI Build-Up for 2,284 SF
Gross rent
$45.2K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$42.7K $18.71/SF
− OpEx
−$12.8K −$5.61/SF
NOI
$29.9K $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%
$598,300
Cap Rate 7%
$427,357
Cap Rate 9%
$332,389
Alternative Uses
Best Use
Multifamily LT 5
$427.4K
$373.9K – $498.6K
NOI $29,915 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$369.7K
$323.5K – $431.3K
NOI $25,876 @ 7.0% cap · market cap 4.14%
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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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,168
Businesses Nearby
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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
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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 - All four residences include a private kitchen and bathroom, with current occupancy on month-to-month terms.
Where is this quadplex 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: Four residences, each with a separate kitchen and bathroom; 2,284 square feet; Built in 1928
